August 2018

According to FEMA, an alarming 80% of households that were damaged by Hurricane Harvey did not have flood insurance coverage. The reasons for this severe lack of flood insurance can be complicated and attributed to a variety of factors. These include inaccurate floodplains, the high costs of insurance, attitudes that insurance was not necessary, as well as the sheer magnitude of the storm and its…

Flood insurance policyholders who have been underpaid for damages to their homes or businesses only have until Saturday, August, 25 to submit FEMA Proof of Loss forms. Submitting a Proof of Loss is the only way that policyholders can receive additional money for their flood insurance claims. If the deadline is missed, the claim is permanently closed, making it impossible to receive the money they…