National Flood Insurance Policy

When it comes to claims, the National Flood Insurance Program is in need of major legal reform that only Congress can address. The claims system is form over substance. When it comes to the stupid reasons insurance benefits can legally be disallowed, the National Flood Insurance Program is in a league by itself. The most recent example of how an entire flood claim for all damages can be denied is an innocuous letter denying part of the contents claim because photographs of some content items were not provided.1
Continue Reading All National Flood Insurance Letters Are Important—Technical Denials of Only a Part of a Claim Start the One-Year Time to File Suit

Although there are many factors that may affect coverage for flood claims under the Standard Flood Insurance Policy (“SFIP”) forms, coverage issues typically fall into two categories: 1) is the property for which a claim is being made considered “covered property” under the policy; and 2) has there been “direct physical loss by or from flood.
Continue Reading Flood Claims – Understanding What Constitutes a Covered Loss in a Standard Flood Insurance Policy

The National Flood Insurance Program (“NFIP”) was implemented to assist victims of flood recover through the issuance of Standard Flood Insurance Policy (“SFIP”) under the National Flood Insurance Act (“NFIA”). The SFIPs are not grants, they require payment of insurance premiums in exchange for the coverages promised under these flood policies. Ideally, the premiums create of “pool” of money from which to draw to pay out claims. This “pool” often dries up and the federal government is called upon to fund the NFIP.
Continue Reading The Meandering of the Louisiana Great Flood of 2016: NFIP WYO Insurer’s Baseless Denials Rejected

The National Flood Insurance Program is a tough federal insurance program. There is a recent case which was thrown out of court because the policyholder tried to do it himself. [1] It is another example that when FEMA officials say the government Is there to help with your flood claim, you will find out differently very quickly if you disagree with them on anything.
Continue Reading Policyholders Should Immediately Get Professional Help if they Have Any Problems with their National Flood Insurance Claim