The National Flood Insurance Program is the government supported flood insurance program. Most people think they are just there to collect money and don't understand the benefits.
Its March 23, 2020 and the streets of New York City are a ghost town. The 405 in LA is empty and the world is facing a pandemic it has never seen before.
When you add several layers to an issue it starts to become complicated and complex. This is exactly why many people do not understand or feel confused about flood insurance.
The Coronavirus has taken off across the world. According to the Wall Street Journal The World Health Organization just recently designated it a pandemic after it has entered 100 countries. Many people are not sure what to do since there is not a cure.
The National Flood Insurance Program has very beneficial to many communities across the United States. There are expectations that have to be met and when they are not communities have to be held accountable.
Most insurance agents want to write every kind of insurance. In the insurance industry we call this a generalist. Many times this develops either from wanting to help your customers in any way possible or trying to survive as a new business owner. However if you aren't careful this could bite you big time.
There are different stages of flooding. You have flooding that causes no damage and then there is flooding that causes catastrophic damage.
Climate change is something than many people do not want to talk about. Is the earth getting warmer or is not? How is human behavior possibly contributing to it?
You always hear about FEMA doing this and FEMA doing that. The federal government just wants more money from me, but what many people don't realize is the role that state governments can play in flood insurance options.
We hear from people all the time that think they don't qualify for flood insurance because of water claims.