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Tag: Flood

Are you ready for La Niña?

Every year, the climate continues to do things we never expected. We will always remember 2020 as one for the record books. La Niña is no different, with the expectations of this occurrence to last from this winter well into spring 2021. That means there is an increased risk of flood, which could also result in unforeseen damage. Being prepared is key. As the year’s winding down...

Flood Insurance - Do you need it?

Do you live in an area prone to flooding? Hurricane season is here and it’s best to have an adequate flood insurance policy in place. As we’ve seen over the past few years, areas that are not prone to hurricanes have also been hit with major flooding and water overflow in low-lying areas. What does flood insurance cover? If you have standard homeowners' insurance, it...

Rising Flood Insurance Rates

Homeowners Are Feeling the Pinch from Rising Flood Insurance Rates.  Homeowners throughout the Tampa Bay area could see flood insurance rates rise, again. Simply, the National Flood Insurance Program, which provides many such policies in the region, is likely to continue to raise insurance rates for homeowners. The reason is easy to see, as flooding continues to be a concern as massive hurricanes continue to...

Brief Introduction to TypTap by Homeowner’s Choice, Inc.

Forget what you thought you knew about obtaining flood insurance. TypTap Insurance Company, a newly-formed HCI Group, Inc. subsidiary, is now Florida’s first licensed insurer to focus solely on flood insurance. This online platform for quoting and binding flood insurance policies promises to have you completely insured in mere minutes. TypTap was created in order to be an alternative to the National Flood Insurance Program....

Home Insurance Does Not Cover Flood Damage

Finding a puddle of water in your living room when you get home from vacation is a bad surprise. Finding out that your homeowners insurance doesn’t cover floods is an even worse surprise. Many people are not aware that a homeowner’s insurance policy does not include flood insurance. Flood insurance covers your property and/or contents against storm surges and flooding during torrential rains, hurricanes and...