Adam M, Author at Flow Flood Insurance

26 Mar Understanding Vacant and Unoccupied Home Insurance

Posted at 11:02h in Specialty Home by Adam M

Most people don’t realize that if they leave their home unoccupied for an extended period, their homeowner’s insurance carrier most likely will not provide coverage for a claim made for something that happened while their house was vacant. Having no coverage would leave the homeowner...

14 Mar Why Do So Many Homeowners Lack Flood Insurance?

Posted at 11:20h in Flood by Adam M

Most people equate flooding with living near lakes, rivers, and streams, but as residents of cities like New Orleans, Baton Rouge, and many other coastal towns can tell you, it can happen just about anywhere there is a body of water. With the risks of flooding...

07 Mar Lenders Must Accept Private Flood Insurance

Posted at 09:09h in Flood by Adam M

The Office of the Comptroller, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Association, and the Farm Credit Administration announced the release of new regulations concerning the acceptance of private flood insurance by regulated lenders....

05 Mar No More Extensions – Congress Must Restructure the National Flood Insurance Program

Posted at 10:40h in Flood by Adam M

In the past 15 months, Congress has managed to pass no less than nine extensions to the National Flood Insurance Program. Currently, the NFIP provides flood insurance coverage for approximately 5.1 million properties. The program also offers essential assistance during emergencies. The last of these...

26 Feb Does Your Insured Need Commercial Auto Coverage?

Posted at 11:16h in Commercial Auto by Adam M

If your insured uses cars as a regular part of their business, it is crucial that you educate them in commercial auto coverage. This type of insurance coverage protects your business financially in the event your company is named in a lawsuit resulting from an...

21 Feb The NFIP: A Disaster With An Expensive Repair Tag

Posted at 10:38h in Flood by Adam M

In 1968 the National Flood Insurance Program was developed as a way for people to be able to afford flood insurance for their homes and business. Today, what started as a great idea has become a program that bleeds the color of money, green. While...

19 Feb Where Have All the Self-Driving Cars Gone?

Posted at 10:02h in Commercial Auto by Adam M

The automobile manufacturing community has been telling us for years that by the year 2020 autonomous vehicles or AVs would be readily available and taking over the roads within the decade. So, what happened? 2020 is just around the corner, and instead, the entire concept...

05 Feb Could A New Congress Mean A New Flood Insurance Program?

Posted at 10:42h in Flood by Adam M

Here we are, the 116th Congress is now in session and split between a Republican Senate and a Democratic House. The one thing we can all count on is that our government is still heavily divided along party lines. However, serious reform of the National...

31 Jan A Look at Risk Management for Habitational Properties

Posted at 13:54h in Habitational by Adam M

Habitational properties like apartments, condos, even hotels and motels all have similar property and liability issues. These include fire, flooding and water damage, and slip/fall accidents. While all serious problems, they can be managed effectively with a program of sound management, proper planning, and oversight,...

22 Jan The Flood Concerns With The Urbanization Of Houston

Posted at 11:08h in Flood by Adam M

Recent studies published by the NOAA (National Oceanic and Atmospheric Administration) and the National Hurricane Center show a significant increase in how often and how intense the rain storms in Houston have become. This information becomes even more critical when you add in the information...