Senate Bill Would Extend National Flood Insurance Program for 10 Years
Senate Bill Would Extend National Flood Insurance Program for 10 Years

U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30, 2017. The legislation, the Flood Insurance Affordability & Sustainability Act of…
America’s flood insurance system is sinking
America’s flood insurance system is sinking

Here’s some bad news for the 5 million Americans who have flood insurance policies: Premiums will rise an average 6.3 percent this year, according to the National Flood Insurance Program NFIP). But this could be followed by even worse news when rates rise as much…
Flood Insurance: Pricier This Year, and May Go Higher The New York Times)
Flood Insurance: Pricier This Year, and May Go Higher The New York Times)

New York Times – Many homeowners who have flood insurance — or are seeking to buy it — will face higher premiums this year, because of increases that took effect April 1. Premiums under the National Flood Insurance Program rose an average of about 6…
A Flood of (tightening the) Belt(way) Attention
A Flood of (tightening the) Belt(way) Attention

Reforming and/or re-authorizing the ​National Flood Insurance Program (NFIP) has moved front and center in our nation’s Capitol in the past month, and was mentioned prominently in the budget proposal recently issued by the White House. The NFIP is basically a privatized government program created by Congress through which insurance companies and vendors…
ConsumerWatch Weekend: Flood Insurance
ConsumerWatch Weekend: Flood Insurance

Consumer reporter Julie Watts spoke with Emily Rogan, with consumer advocacy group United Policyholders, about resources available to flood victims without insurance.
First Steps After a Flood
First Steps After a Flood

United Policyholders is a nonprofit organization that is a voice and an information resource for insurance consumers in all 50 states.  UP has helped guide disaster survivors on the road to recovery since 1991.  This information will walk you through the first few weeks.  Here…
Help with flood insurance claims
Help with flood insurance claims

There are things you can do to make life easier when it’s time to file your insurance claims. We talked to the consumer advocacy group, United Policyholders and they said you should take pictures before and after the evacuation, document how much water entered your…
Oroville shows importance of flood insurance
Oroville shows importance of flood insurance

The near-disaster at Lake Oroville last week shows once again why homeowners and renters might consider buying flood insurance, even if their lender does not require it. Anyone with a federally backed mortgage is required to have flood insurance if they live in a high-risk…
Rainpocalypse
Rainpocalypse

If your property has been damaged due to a heavy rain and high winds, it can be tricky to collect insurance benefits to pay for repairs. Home and renters policies exclude some but not all types of water damage.  “Flood” damage (the policy should define…
5 Hidden Costs of Relocation
5 Hidden Costs of Relocation

If you’ve got your eye on a new city where you can buy a bigger house with an affordable mortgage payment, don’t be too quick to sign those closing documents. If you don’t do a little research first, you may get ambushed by unexpected costs…
What might be lurking inside your next homeowner’s policy
What might be lurking inside your next homeowner’s policy

Hurricane Matthew wreaked a lot of damage in a rather short time, but property insurers have long memories — and clever lawyers. So keep an eye on the changes that will almost certainly be part of your next homeowner’s policy. If hurricane history is any…
Why the W.Va. floods were so deadly and destructive
Why the W.Va. floods were so deadly and destructive

Steep mountains, narrow valleys and a deadly train of storms came together in West Virginia to cause the horrendous flooding that killed 23 people last week, forced thousands to evacuate and destroyed or damaged thousands of homes and businesses. West Virginia got hit by a…
Closer look at flood insurance, FEMA’s reforms, lessons learned after Sandy missteps
Closer look at flood insurance, FEMA’s reforms, lessons learned after Sandy missteps

If the Federal Emergency Management Agency dealt itself a black eye with the poor job it did responding to Hurricane Katrina in 2005, the horror stories that came out of the flood insurance claims process after Superstorm Sandy gave the agency another nasty shiner seven…
Document Flood and Fire Damage to Ease Insurance Claims
Document Flood and Fire Damage to Ease Insurance Claims

Victims of the recent flooding in Louisiana and wildfires in California should all do one thing: Document the damage to their property. Taking photos is crucial to help bolster an insurance claim, said Amy Bach, executive director of United Policyholders, a nonprofit consumer advisory group,…
Long Island Company Charged in Insurance Scheme After Hurricane Sandy
Long Island Company Charged in Insurance Scheme After Hurricane Sandy

A Long Island engineering company and one of its former executives were charged on Monday in a scheme to minimize insurance payments to homeowners whose residences were damaged by Hurricane Sandy in 2012. In a 50-count indictment, Eric T. Schneiderman, the New York attorney general,…
NFIP Perseveres Despite Issues
NFIP Perseveres Despite Issues

The federal government’s flood insurance program has triggered a steady downpour of bad news, but private insurance isn’t going to replace the troubled program anytime soon unless Congress makes some changes, experts said. The National Flood Insurance Program is administered by FEMA, which works with…
Insurance emergency bulletin issued for West Virginia flood victims
Insurance emergency bulletin issued for West Virginia flood victims

Flash floods are doubly devastating because they often hit areas that had not been classified as flood risk zones.  Because most people only buy flood insurance if they’re in a zone where mortgage lenders by law make them buy it, flash flood victims rarely have…
Do I Need Flood Insurance?
Do I Need Flood Insurance?

A megastorm has struck your house, leaving a pile of waterlogged wreckage in its wake. But you’re covered financially because you have homeowner’s insurance, right? Wrong. Although most homeowner’s and rental policies reimburse for damage caused by wind or fire, these policies generally exclude losses…