Why Flood Awareness Is Paramount During the Coronavirus Pandemic
During the COVID-19 crisis, communities must consider the real possibility of facing multiple disasters.
During the COVID-19 crisis, communities must consider the real possibility of facing multiple disasters.
Wildfire-affected and surrounding areas face a higher risk of flooding, with changes to terrain, soil and added debris. Many property owners are unprepared.
In the coming months, your clients will face an increased risk for floods. Here are seven key facts about floods and flood insurance to help you help your customers.
Flood insurance is often overlooked by agents and consumers alike. Now is the perfect time to educate clients about private market flood insurance options.
As long as a client buys a flood policy, there are plenty of ways that agents can be the trusted advisor and support their clients in the event of a flood. Here are three ways to expedite a flood claim.
“Don’t assume your area won’t flood,” says independent agent Danny Cook, who guided his community through catastrophic flooding twice in 23 months. “Flooding is increasing in frequency and severity.”
In response to the coronavirus crisis, FEMA will extend the grace period to renew flood insurance policies from 30 to 120 days, and the USDA has announced flexibilities to help with policies, claims, reporting and payments.
Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.
Today, the U.S. Senate passed a legislative package that includes three key priorities for independent agents: Reauthorizing the Terrorism Risk Insurance Act, extending the National Flood Insurance Program and repealing the “Cadillac tax.”
The Big “I” supports and continues to advocate for the House to pass legislation to reauthorize the NFIP for five years with reforms.