Category: FLOOD INSURANCE

floodsavvy.com
FLOOD INSURANCE, News & Events

Flood Insurance: Government (NFIP) vs Private

Typically a person gets flood insurance to cover some costs of flood induced damage to your home and other personal items.There are two types of flood insurance, government flood insurance and private flood insurance. For the most part, flood insurance is insured by the National Flood Insurance Program (NFIP) and is managed by FEMA, but some people go a different path and get private flood … Continue reading Flood Insurance: Government (NFIP) vs Private

Eric AzerLeave a comment
FLOOD INSURANCE, News & Events

Top 10 Tax Tips for Deducting Losses From a Disaster

“If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, unexpected or unusual event, such as a natural disaster (hurricane, tornado, flood, earthquake, etc.), fire, accident, theft or vandalism.” IRS IRS Tax: Top 10 Tips for Deducting Losses from a Disaster Casualty loss.  You may be … Continue reading Top 10 Tax Tips for Deducting Losses From a Disaster

Robin AzerLeave a comment
FLOOD INSURANCE, News & Events

Brief History of Private Flood Insurance

JULY 2012  Flood insurance is a hot topic at the moment, the product is in flux. When the  Biggert-Waters Act was signed into law  in 2012, it was met with criticism and concern. This law set to remedy the long standing subsidized flood insurance rates that had subsequently bankrupted FEMA to the tune of 20 BILLION dollars. However, home owners cried foul and pleaded for … Continue reading Brief History of Private Flood Insurance

Robin Azer1 Comment
FLOOD INSURANCE

Top 7 Tips to Handle Basement Flooding

On the heels of extensive flash flooding occurring in parts of Boulder, Colorado today, I wanted to offer some useful tips to those facing basement flooding. As someone who has dealt with this issue on numerous occasions, and much worse (hey, that’s why we’re elevating our house), I’ve learned a few things.  *if your house has endured flooding higher than your basement, you’ve come to the … Continue reading Top 7 Tips to Handle Basement Flooding

Robin Azer2 Comments
Fema, FLOOD INSURANCE

Big Changes to Flood Insurance Rates

 CHANGES TO FLOOD INSURANCE PROGRAM We paid our first revised flood insurance premium today – a 20% increase from what we paid last year for the same level of coverage. Our premiums will continue to rise for the next four years, up to 25% at a time. Why? The National Flood Insurance Program (NFIP), a federal program under FEMA, is broke. With a debt of … Continue reading Big Changes to Flood Insurance Rates

Robin Azer1 Comment