Tag Archives: flood insurance

Flood Related Deadlines Nearing for Louisiana 2016 Mid-Summer Severe Storms: Proof of Loss Deadline v. Lawsuit Deadline

Beginning on August 9, 2016 and lasting through August 31, 2016, numerous parishes in Southeast Louisiana1 experienced prolonged, torrential rainfall and flooding. By the end of the days-long Great Flood event of 2016, several states were included in disaster declarations due to the same weather system. Though flooding to this extent is usually associated with … Continue Reading

White House Proposes Changes to the National Flood Insurance Program

Currently, policies of insurance for flood, even if purchased through your insurance agent or normal insurance company, are Federal Flood Insurance Policies issued through the National Flood Insurance Program, if your community is participating in the NFIP. Because the program is federally subsidized, homeowners on floodplains are able to purchase the polices at rates much … Continue Reading

Fresh vs. Salt Water Flooding

As I watched Hurricane Irma coverage on CNN, following the landfall in Naples, I was reminded of a problem many insureds faced following Superstorm Sandy: “Is the water the result of flood or rain?” While Naples was in the eye of the storm, CNN showed a six block stretch of water covering streets where rain … Continue Reading

Special Requirements and the Basics of Flood Insurance

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 … Continue Reading

Non-U.S. Citizens Can Apply for FEMA Assistance

Recently, FEMA announced that North Carolina residents who are non-U.S. citizens and survivors of Hurricane Matthew can apply for disaster assistance if they have a social security number or permanent resident card (green card) or if a minor child who lives in the household has a Social Security number.… Continue Reading

Public Adjusters and Attorneys Will No Longer Be Included on FEMA Flood Claim Payment Checks

On October 14, 2016, the Federal Emergency Management Agency (FEMA) released Write Your Own (WYO) Bulletin W-16078 entitled, Inclusion of Law Firms on Checks Arising Out of NFIP Claims. The bulletin addressed who can be included as a payee on checks for flood claim payments—and they will no longer include public adjusters or attorneys.… Continue Reading

Where Do I Mail the Signed NFIP Proof of Loss?

At the Florida Association of Public Insurance Adjusters (FAPIA) Fall Conference last week, I was speaking with a public adjuster about the impeding 60-day deadline for his clients to submit their signed, sworn, proofs of loss for Hurricane Matthew flood claims. For public adjusters who have not handled many flood claims in the past, this … Continue Reading

Hurricane Matthew Updates Via Email

If you or your clients have suffered a flood loss, it is critical that the proof of loss is properly filled out and promptly submitted. In recent seminars, Chip Merlin has addressed Hurricane Matthew damages caused by both wind and flood. In the seminars he specifically details how handling flood losses differ greatly from handling … Continue Reading

FEMA to Revise NYC Flood Maps

If you’re a property owner in New York City, you already know the high cost of insurance in the city. If you have a mortgage on your property, you also know that property owners in a high flood-risk zone are required to purchase flood insurance. In October, FEMA announced it will revise its flood maps … Continue Reading

Flood Property Damage Tools for Owners and Adjusters

2016 has been year of unprecedented floods in many areas of the Southeast. Many who thought there were on high ground in places like Baton Rouge, Louisiana, or Fayetteville, North Carolina, are still trying to comprehend the devastation of the flooding from August and October in their retrospective states. Florida, Georgia, and South Carolina residents … Continue Reading

Bad Faith Finding in NFIP Flood Case

It is the general understanding when one brings a lawsuit on a flood claim under the National Flood Insurance Program (NFIP) that the only recovery available to the policyholder is actual damages. The policyholder is not entitled to attorney fees or bad faith (extra-contractual) damages, which might be recoverable in other first-party property damage cases. … Continue Reading

FEMA Lays Out Guidelines for Obtaining Advance Payments After Hurricane Matthew

On Monday, October 10, 2016, the Federal Emergency Management Agency (FEMA) released Bulletin W-10673, entitled Advanced Payments Under Standard Flood Insurance Policies (SFIP) for Hurricane Matthew, which outlines a number of options for SFIP holders to obtain advance payments after flood and storm surge damage resulting from Hurricane Matthew.… Continue Reading
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