Flood News The National Flood Insurance Program has been authorized through Sept. 30, 2020. At that time, we expect another short-term extension. As of April 1, 2020, the National Flood Insurance Program will have the following changes: Rate increases on average of 9.9% The Reserve Fund Assessment will increase from 15% to 18% per policy…
Congress must periodically renew the NFIP’s statutory authority to operate. On December 20, 2019, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to September 30, 2020. Congress must now reauthorize the NFIP by no later than 11:59 pm on September 30, 2020. FEMA and Congress have never failed…
Changes Coming To The National Flood Insurance Program Will Increase Pricing For Our Region, But Acting Today Can Help Alleviate The Burden. Great news! You now have more time to review your flood insurance policies. Risk Rating 2.0 will not go into effect until 2021. Give us a call today! Living near water—enjoying the recreation…
Homeowners policies do not cover all types of water damage. While the terms of your policy will determine what types of water damage are covered and the amount of coverage available, typically homeowners policies do not cover flooding. The Standard Flood Insurance Policy, available for purchase from the National Flood Insurance Program (NFIP), defines “flood”…
No home is completely safe from potential flooding. Flood insurance can be the difference between recovering and being financially devastated. Just one inch of water in a home can cost more than $25,000 in damage—why risk it? The Cost of Flooding Flooding can be an emotionally and financially devastating event. Without flood insurance, most residents…
The Atlantic hurricane season is approaching. Here’s what you can do to get ready now: Know Your Hurricane Risk Check with local officials to understand your risk. Search online to find your local emergency management agency to learn more. Sign up for local alerts or download the FEMA app. Know Your Evacuation Zone Learn your…
The Maryland Insurance Administration encourages residents to be prepared for natural disasters by reviewing and understanding their insurance coverage and by considering the purchase of flood insurance. Before a Storm Arrives Prepare an inventory of your home and be sure you have current information about your homeowners insurance policy. If you are evacuated, be…
Flood Facts Property owners and renters should buy flood insurance even if you aren’t in a high-risk area. Your chances of being flooded are much greater than some other risks you face daily. If you live in a 100-year floodplain, there’s more than a 1 in 4 chance that you’ll be flooded during a 30-year…
The National Flood Insurance Program typically sees minor changes every April and October. This April, the following policy changes will occur: Flood declaration pages will now have the following statement: Refer to https://www.fema.gov/cost-of-flood for more information about flood risk and policy rating. 2- to 4-family buildings can be considered a primary residence with the smaller…
Good News: The National Flood Insurance Program was extended to May 31, 2019. During the government shut down, the Federal Emergency Management Agency (FEMA) had determined not to sell new or renew flood insurance policies until funding was appropriated by the federal government. On Friday, December 28th, FEMA reversed that decision and will continue to sell…
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Client Support Team
Deeley Insurance Group
You are about the leave our site and submit the information to pay your bill. A licensed agent from our team will need to process your payment to make it official – we cannot bind coverage via web request. Let us get to work for you. Want to talk? Call us. 410-213-5600
Client Support Team
SCD Intermediaries
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