To add to their woes, some homeowners whose properties were affected by Hurricane Sandy are now finding their flood insurance isn’t sufficient to cover essential repairs. According to the article in AOL Money.com part of the problem is due to errors made by adjusters who were quickly hired after the disaster. Apparently some policyholders are
Homeowners Facing Huge Increases in Flood Insurance Costs
October 23, 2013 by
Changes to the National Flood Insurance Program has meant that many homeowners who live on the coast or in river valleys are seeing their insurance premiums soar. Early on in October part of a new law came into effect. The law is called the Biggert-Waters Insurance Reform Act of 2012, and according to the article
NAR Demands Wants Flood Insurance Program Reauthorization
September 6, 2011 by
What with the heavy rains and severe storms seen in various parts of the US over the last week, thanks to Irene, flooding is one of the primary concerns of home and business property owners across the nation. But it’s not only them. The National Association of Realtors has also become quite concerned about flooding recently.
