Why Buy Flood Insurance?

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…

Be Prepared Before Disaster Strikes

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…

More Changes to the National Flood Insurance Program

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…

The Government Shutdown & How it Affects the National Flood Insurance Program

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…

Storm Water Drain Cleaning to Relieve Flooding in Ocean City

Recently, the Town of Ocean City personnel discussed implementation of a storm-drain cleaning project. The project is currently underway throughout the Town of Ocean City. The focus is help alleviate flooding caused during rainfall occurrences, which is a present concern in many communities throughout Ocean City. The Town of Ocean City has done a great job throughout the years with…

National Flood Insurance Program Changes Effective 10/1/18

NFIP has outlined changes to be effective October 1, 2018 that apply to new business, renewals, endorsements, and cancellations. Cancellation Reason Code 26 for Duplicate Coverage under Non-NFIP Policy Beginning October 1, 2018, agents can use NEW Cancellation Reason Code 26* to cancel an NFIP policy when a policyholder has obtained a duplicate policy from sources other…

April Showers Can Cause Water Damage

April showers bring May flowers, but they can also bring rainstorms that can cause flood damage to your property! Be sure to take the proper steps to protect your property. Check out FEMA’s “How to Prepare for a Flood,” which includes flood basics, info on emergency notifications and how to protect yourself before, during and…