Water damage—whether from burst pipes, flooding or roof leaks—can lead to extensive structural damage and harm to valuable equipment, inventory and personal belongings. In fact, it’s one of the most common and frequent causes of property damage. A prevention plan helps mitigate these risks, reducing the likelihood of costly repairs or replacements. This 24-page water…
FEMA reported that more than 20% of flood claims come from properties outside of flood zones. This means it’s important to take precautions to protect your property before a flood occurs, even if your business is located outside a typical flood zone. Here are some tips to prepare your property for a flood: Create a…
New rates for all properties insured through the National Flood Insurance Program (NFIP) will go into effect nationwide on October 1, 2021. FEMA is pairing state-of-the-art technology with NFIP’s mapping data to establish a new risk-informed rating plan—Risk Rating 2.0, the largest change to the program in 50 years. Risk Rating 2.0 uses the latest…
2020 brought good news in regards to the National Flood Insurance Program (NFIP). The program saw a net income of $9.7 million and was reauthorized for a full year through September 20, 2021. The pandemic had two positive impacts on the NFIP: Pivoting the new claims adjustment system, which allowed policyholders to use technology to…
No home or business is completely safe from potential flooding. Flood insurance can be the difference between recovering and being financially devastated. Whether you’re in an area that has a low or high risk of flooding, you should buy flood insurance if you own or rent property. The National Flood Insurance Program (NFIP) defines flooding…
Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal with flooded shorelines, streets and basements — a trend that is expected to continue into 2021. NOAA’s 2019 State of High-Tide Flooding and 2020 Outlook reports that evidence of a rapid increase in sea level…
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…
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”…
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…
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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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