Blog Archives

What’s a Hurricane Deductible, and Do You Have One?

By Arthur Murray You may have heard the optimistic forecasts for the 2014 hurricane season, which began June 1. TheColorado State University team that most notably does these predictions expects 10 named storms, 4 of which will become hurricanes. That’s fewer than the long-term

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Flood Insurance Premium Rate Reductions

This is from NAR Government Affairs: Effective May 1, 2014, all buyers of older properties (“pre-FIRM”) will see a premium rate reduction under the Homeowner Flood Insurance Affordability Act of 2014. Instead of jumping to “full cost” for flood insurance, buyers will assume

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Senate Passes Flood Insurance Bill

The U.S Senate voted 72-22 to approve a bill that would continue government subsidies for flood insurance for people in flood zones, protecting them from often-significant rate hikes that were going into effect. The Homeowner Flood Insurance Affordability Act, which

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