National Flood Insurance Program

Know the Facts About Property, Pet and Travel Insurance

By Debbie Klimas
Know the Facts About Property, Pet and Travel Insurance

A standard policy can be limited and many consumer believe the myths that home owners insurance will cover everything. Maintenance of your home is key to avoiding costly problems down the road

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Florida remains vulnerable 20 years after Hurricane Andrew

By Consumer Insurance Guide Staff
Florida remains vulnerable 20 years after Hurricane Andrew

When Hurricane Andrew struck Florida on August 24, 1992, the tumult it created for the property insurance market in the state has not ceased in the 20 years since, according to a recent analysis by the Insurance Information Institute. A new I.I.I. white paper, “Hurrricane Hurricane Andrew and Insurance: The Enduring Impact of a Historic Storm,” outlines key insurance market changes attributed to the costliest disaster in Florida history. Insurance claims payouts for Andrew totaled $15.5 billion…

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Wildfire-hit areas could skip wait time for flood insurance

By Consumer Insurance Guide Staff
Wildfire-hit areas could skip wait time for flood insurance

Residents in Colorado affected by recent wildfires could be eligible for an exception from the 30-day waiting period usually required for flood insurance coverage, according to the Federal Emergency Management Agency. The Biggert-Waters Flood Insurance Reform Act of 2012, signed into law recently by President Barack Obama, increases access to the National Flood Insurance Program for some residents whose homes were impacted by flooding from federal land that resulted from wildfires. The new law exempts…

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Fall doesn’t end threat of hurricanes, tropical storms

By Consumer Insurance Guide Staff
Fall doesn’t end threat of hurricanes, tropical storms

With the arrival of fall, many residents in coastal areas may not be thinking of hurricanes or tropical storms.

However, industry data source the Insurance Information Institute recently reminded consumers that the hurricane season lasts until November 30. The organization says there are a number of steps homeowners can take to make sure they are prepared.

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