Hurricane Ida: Billions in flood damages uninsured, analysts say

Homeowners hit by Hurricane Ida now face a new challenge navigating the world of insurance claims, and there’s going to be bad news in store for some. Many thousands of homes were damaged as a result of flooding. But most standard home insurance polices don’t provide flood insurance, which is usually sold as a separate,

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NAR presses Congress to take action on National Flood Insurance Program

The National Association of Realtors is stepping up its campaign to press Congress to renew the National Flood Insurance Program

NAR warns of ticking time bomb as National Flood Insurance Program expiry date nears

The National Association of Realtors is warning of a ticking time bomb as the expiration date for the National Flood Insurance Program nears.

Hurricane Sandy Victims Receiving Insufficient Funds for Repairs

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

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Homeowners Facing Huge Increases in Flood Insurance Costs

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

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SmarterSafer Urges Senate to Reauthorize NFIP Before Sept. 30

SmarterSafer has sent a letter to Senate Majority Leader, Harry Reid and Senate Minority Leader, Mitch McConnell urging them to pass Legislation re-authorizing the National Flood Insurance Program which is due to expire on September 30. SmarterSafer thinks the bill needs strengthening, even though the Senate Banking Committee has already taken steps to reforming the

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NAR Demands Wants Flood Insurance Program Reauthorization

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.

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