flood insurance


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flood insurance

The popular name for the National Flood Insurance Program (www.floodsmart.gov) administered by the Mitigation Division of the Federal Emergency Management Agency.Flood insurance is intended as an alternative to disaster assistance,by providing better assistance at cheaper net costs to the government. Policies are available in three forms: dwelling (most homes), general property (apartments and businesses), and residential condominium association. They cover structural damage; furnaces, water heaters, and air conditioners; flood debris cleanup;and floor surfaces such as carpeting and tile.

References in periodicals archive ?
M2 PRESSWIRE-September 5, 2019-: Flood Insurance Market 2019 Global Key Players, Size, Applications & Growth Opportunities - Analysis to 2024
Residents and property owners in coastal areas of Lee County can view new draft preliminary Flood Insurance Rate Maps (FIRMs) at three upcoming public open houses on Sept.
Zurich North America and Wright National Flood Insurance Services, LLC are debuting a new private flood insurance program.
The private flood insurance grew again in 2018 but not nearly as much as it grew in 2017.
The number of private flood insurance policies is on the rise in Florida as the state prepares for another hurricane season beginning June 1.
The continuing escalation of severe flooding in the United States and the consequent damage to residential and commercial properties have drawn increasing public attention to the provision and purchase of flood insurance. Currently, the National Flood Insurance Program (NFIP)--subject to policy limits prescribed by the program's enabling legislation--underwrites most flood insurance for residential properties.
has closed the acquisition of Florida, US-based The Flood Insurance Agency (TFIA), a managing general agency (MGA) that specialises in flood insurance, the company said.
Bill Pascrell Jr., D-9th District, sent a letter to Federal Emergency Management Agency administrator Brock Long urging the agency to resume the activities of the National Flood Insurance Program during the federal government shutdown.U.S.
Property owners in unincorporated Lake County may be eligible to save an average $281 a year on flood insurance through the Federal Emergency Management Agency's Community Rating System program.
TULSA The city of Tulsa has maintained its Class 2 rating in the National Flood Insurance Program's Community Rating System, a voluntary program in which communities that go beyond the minimum floodplain management requirements earn flood insurance discounts for residents.
In 21 states, sellers are not required to disclose to buyers whether a home has flooded or whether they will need to buy flood insurance, according to an analysis by the Natural Resources Defense Council and Columbia University's Sabin Center for Climate Change Law.
Choosing flood insurance used to be a relatively simple decision.