Tag: insurance

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National Flood Insurance Policyholders in Kentucky Can Apply for FEMA Assistance

National Flood Insurance Policyholders in Kentucky Can Apply for FEMA Assistance Frankfort, KY- If you were affected by the recent severe storms in Kentucky and have an insurance policy through the National Flood Insurance Program (NFIP), you may still be eligible for disaster assistance. FEMA encourages everyone who was impacted by this disaster to apply for assistance in addition to filing a claim with your insurance company. Disaster assistance may be able to help fill in the financial gaps that your insurance company will not cover.  NFIP Policyholders May be Eligible for Individual Assistance For eligible individuals, FEMA disaster assistance
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Protect Your Property: Flood Insurance is Vital in New Mexico

Protect Your Property: Flood Insurance is Vital in New Mexico SANTA FE, New Mexico — A single inch of floodwater can cause up to $25,000 of damage to a home, and can occur anywhere and often catches homeowners, renters, and business owners by surprise, leaving them unprepared and vulnerable.    When buying or renting a home or managing a business, we often overlook other programs or services that we may need to protect our property. Many people assume their homeowner's or renter’s insurance covers flooding. However, most standard policies do not.  Many Chaves County residents and business owners whose property was damaged by
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FEMA Urges South Carolinians to Apply for Assistance Despite Concerns Regarding Homeowners’ Insurance

FEMA Urges South Carolinians to Apply for Assistance Despite Concerns Regarding Homeowners’ Insurance COLUMBIA, S.C. – If you were affected by Hurricane Helene and have an active insurance policy, state and FEMA officials urge South Carolinians to check with their insurance company and FEMA to start their road to recovery. “We know that some survivors of Hurricane Helene are concerned about the impact filing a claim may have on increasing their premiums,” said Director of the South Carolina Department of Insurance, Michael Wise. “We urge people affected by Hurricane Helene to talk with their agent or company representative to understand
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Hurricane Helene Flood Insurance Payments Surpasses $1 Billion

Hurricane Helene Flood Insurance Payments Surpasses $1 Billion FEMA Encourages Florida Policyholders to Take Advantage of Extended Grace Period to Renew WASHINGTON -- The National Flood Insurance Program (NFIP), administered by FEMA, has paid policyholders over $1.4 billion for flood losses stemming from Hurricane Helene recovery, with over 56,000 policyholders having filed claims following the storm’s landfall. FEMA estimates Hurricane Helene could potentially result in flood insurance claims losses between $3.5-$7 billion. These estimates are FEMA’s projections as of Nov. 12, 2024 and are subject to change. The losses include flood insurance claims received from six states, with the majority of
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Summer Rains Threaten Burn Scar Areas and Pose Flash Flood Threat, Be Prepared and Consider Buying Flood Insurance

Summer Rains Threaten Burn Scar Areas and Pose Flash Flood Threat, Be Prepared and Consider Buying Flood Insurance DENVER – Recent years have brought many wildfires to the West.  Beyond the damage caused and the challenges in battling them, fires often leave a hidden legacy – flash floods and mudflows.  Wildfires leave the ground charred and in diminished capacity to absorb water. This creates a flash flooding potential for years to come, even in areas that rarely experienced flooding in the past. Sometimes these flash floods can pick up ash and large debris, that are highly destructive. It's important to
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Renewal Period for Flood Insurance Policyholders in Florida Affected by Hurricanes Helene and Milton Fast Approaching

Renewal Period for Flood Insurance Policyholders in Florida Affected by Hurricanes Helene and Milton Fast Approaching TALLAHASSEE, Fla.– As a result of the severe damage and historic flooding in Florida caused by Hurricanes Helene and Milton, FEMA extended the policy renewal deadline for certain National Flood Insurance Program (NFIP) policyholders to prevent a lapse in NFIP flood coverage.  These policyholders have until Dec. 10, 2024, to renew their policies. This is a significant extension from the standard 30-day renewal grace period. If the policy term ended on: The grace period would have ended: But now runs until: Aug. 28, 2024
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FEMA Reminds Louisiana Residents to Maintain Flood Insurance Coverage

FEMA Reminds Louisiana Residents to Maintain Flood Insurance Coverage BATON ROUGE, La. – FEMA is reminding flood survivors who received a temporary Group Flood Insurance Policy (GFIP) of the need to purchase an individual flood insurance policy. The three-year GFIP expired Monday, October 28, so policyholders must plan now to switch to a standard flood insurance policy to ensure continuous flood insurance coverage. It’s important that GFIP holders purchase a new flood insurance policy when the GFIP expires, to not only be covered in the event of flood damage, but to remain compliant with the obligation to get and keep
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Still Have Disaster Losses After Insurance Has Paid? FEMA May Be Able to Help

Still Have Disaster Losses After Insurance Has Paid? FEMA May Be Able to Help Cape Girardeau, MO – For Missourians impacted by the May 19-27 severe storms, there still may be some losses or repair costs that insurance did not cover. Think you are out of luck? Maybe not.  Federal disaster assistance from the Federal Emergency Management Agency (FEMA) may be able to help pay for some losses that your insurance did not cover under a homeowner’s, renter’s or, for those who are self-employed, a business policy.  “We recognize that sometimes insurance settlements aren’t enough to help with disaster-related needs,” said
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FEMA May Help Wildfire Survivors Whose Temporary Housing Insurance is Running Out

FEMA May Help Wildfire Survivors Whose Temporary Housing Insurance is Running Out Kīhei, MAUI – If you are a wildfire survivor and have an insurance policy that covers your temporary housing, it’s important to verify the terms of that coverage, the amount, and how long it will last. If your insurance coverage is running out, contact FEMA to see how you may qualify for additional assistance.  Even if your insurance is still in effect, you are encouraged to find out more about FEMA’s available programs.  FEMA options include:  The Rental Assistance Program, which may offer financial help towards paying your rent
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File for Flood Insurance Through the Claims Office

File for Flood Insurance Through the Claims Office New Deadline is December 20, 2024 SANTA FE, N.M. – Congress and the President extended the deadline to file a claim for flood insurance from May 31, 2024, to December 20, 2024. Requests for flood insurance paid for by the Claims Office must be submitted to the Hermit’s Peak Calf/Canyon Claims Office by December 20, 2024. Claimants can either submit a new Notice of Loss (NOL) for flood insurance or amend an existing Notice of Loss. Eligible individuals and/or businesses with a heightened risk of flood from the fire may receive National Flood Insurance Program (NFIP)