Many homeowners don’t realize that a standard homeowner policy does not cover flood damage. That is why it is so important to purchase additional insurance for floods. Federally subsidized flood insurance is available, providing limited coverage under the National Flood Insurance Program: up to $250,000 for single family dwellings plus $100,000 for personal property, including furniture, and up to $500,000 for business and church properties, plus $500,000 for the contents.1
Continue Reading Special Requirements and the Basics of Flood Insurance

On February 3rd FEMA Assistant Administrator David Maurstad issued WYO Bulletin W-17002, granting an additional 90-day extension for Louisiana policyholders to submit a complete, signed, and sworn proof of loss for their flood claims caused by the mid-summer storms commencing on August 9, through August 31, 2016.
Continue Reading FEMA Grants Extension to File Proof of Loss for Claims Related to the 2016 Mid-Summer Storms

As we enter a new year, FEMA has issued WYO Bulletin W-16091, “Guidance on the Use of Expert Services.”

The purpose of the memorandum is “to ensure transparent and consistent claims handling for all policyholders” and to provide “guidance on the use of services provided by subject-matter experts as part of specific claims investigations.”


Continue Reading FEMA Issues Bulletin on Use of Experts by WYO Carriers