Category: Flood Insurance

Flood Proofing Your Residential Property

For homeowners seeking to go above and beyond purchasing a flood insurance policy to protect their home from flood damage, physically flood proof their home using is an option. Not all methods described below are available to all homeowners. Factors to be considered in a flood proofing project is the location the related flood areas of the home and local and state flood proofing regulations.... Read Article

Flood Insurance Rate Increases: Who Will Be Affected?

April 1, 2017 brought the implementation of rate increases for flood insurance policies pursuant to the Biggert-Waters Flood Insurance Reform Act of 2012 and the Homeowner Flood Insurance Affordability Act of 2014. Premium increases are the result of the current deficit the NFIP is in, roughly 20 billion dollars. In addition to being an effort to raise the funds the NFIP needs to respond to... Read Article

Elevation Certificates

Anyone who has attempted to purchase a home requiring flood insurance has heard about elevation certificates.  And, as of recently, people who have tried to purchase flood insurance on a home that was built after the 1970s has also become familiar with elevation certificates.  Most people want to know, what are they? Elevation certificates are official documentation from a surveyor that certifies the Base Floor... Read Article

Flood Policyholders: Read Your FEMA Letter

Flood Policyholders: Read Your FEMA Letter     In an effort to comply with the Homeowner Flood Insurance Affordability Act (AFIAA), FEMA has begun mailing letters to all flood policyholders.  The purpose of these letters are to efficiently communicate flood coverage provided to the policyholder. We at Beckerman strongly recommend reading them upon receipt.  There are three main points that these letters are trying to convey... Read Article

LA Flooding: Low-Risk Flood Zone + No Flood Insurance = Ruin

As insurance brokers, the focus of August 2016 is the flooding in Louisiana, due to heavy rains.  Once the final drop fell and damage was assessed, insurance companies found that many of the flooded homes were rated as a “low-risk” flood zone.    The Advocate reported that  “of an estimated 54,611 residential structures damaged in the storms, 27,494 were not in what the federal  government deems... Read Article