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2011 August - Flood Insurance Consumer Information

Flood Insurance Consumer Information

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Entries for August, 2011

Majority of Irene’s damages are not covered by home owners insurance

Majority of Irene’s damages are not covered by home owners insuranceNews from YNN Hudson Valley: Most of the homes that found themselves under water following Irene were not covered for flooding by standard home owners insurance. Those damages require an additional flood insurance that’s offered by the federal government. Our John Wagner has the story. [...]

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Covered? Sadly, it’s not likely

Covered? Sadly, it’s not likelyNews from Albany Times Union: SCHENECTADY — Residents facing flood damage from Tropical Storm Irene may be shocked to learn that few home insurance policies will cover the cost of repairs. Homeowners and renters insurance will usually cover damage from high winds. But damage from rising and rushing water — as [...]

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Hurricane-related flood damage? Few homes covered

Hurricane-related flood damage? Few homes coveredNews from The Associated Press: Hurricane-related flood damage? Few homes covered By MARK JEWELL, AP Personal Finance Writer – 17 hours ago  Hurricane Irene is providing a painful reminder that the vast majority of homeowners insurance policies do not cover damage from flooding. That’s a difficult reality for those who [...]

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Now That Irene Has Moved On – Are you Covered?

Now That Irene Has Moved On – Are you Covered?News from Patch.com: The calls began flooding in Thursday morning from home owners who were making sure their home insurance policies were in force, what kind of damage would be covered from the imminent hurricane and if they could purchase flood insurance, said Lori Cicali, a [...]

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Insurers start to total up Irene damage

Insurers start to total up Irene damageNews from Reuters: By Ben Berkowitz NEW YORK | Sat Aug 27, 2011 5:10pm EDT (Reuters) – Insurance adjusters are already moving into some of the areas hit by Hurricane Irene, which early indications suggest was as bad as people feared but not as devastating as some other storms [...]

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$61B in flood insurance in New Jersey

$ 61B in flood insurance in New JerseyNews from Asbury Park Press: Email this article $ 61B in flood insurance in New Jersey In New Jersey, there are 229,179 active flood insurance policies, and those policies cover $ 61 billion worth of property, according to records kept by the Federal Emergency Management A link to [...]

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Insurance firms ready personnel for flood of claims

Insurance firms ready personnel for flood of claimsNews from Cherry Hill Courier Post: With Hurricane Irene approaching, insurance companies are preparing for a flood of claims. New Jersey Manufacturers Insurance Co., the state’s third-largest homeowners insurer, has activated its catastrophe response plan to handle the influx of calls. The plan puts nearly 200 extra employees, [...]

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Have Flood Insurance? Be Prepared To File Claims

Have Flood Insurance? Be Prepared To File ClaimsNews from WBAL Baltimore: POSTED: 3:51 pm EDT August 25, 2011UPDATED: 6:43 pm EDT August 25, 2011 BALTIMORE – With Hurricane Irene powering its way up the East Coast, forcing evacuations in Ocean City and causing flood concerns across a large part of the state, experts say now [...]

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NE homes are unprepared for flood insurance

NE homes are unprepared for flood insuranceNews from CBS News:(CBS News)  Hurricane Irene may be headed farther north than one usually would expect of a hurricane. CBS News correspondent Jim Axelrod reports that a lot of homeowners are not prepared. It’s been more than 25 years since the last hurricane ripped through Long Island. But [...]

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Nigeria: Climate Change Impacts On Pricing Long-Term Flood Insurance

Nigeria: Climate Change Impacts On Pricing Long-Term Flood Insurance News from AllAfrica.com: 23 August 2011 Recently long-term flood insurance contracts with a duration of 5, 10 or 15 years have been proposed as a solution for covering flood risk and mitigating increasing flood losses. Establishing a long-term relation between the policyholder and the insurer can [...]

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