With the devastation caused by Hurricane Helene, Hurricane Milton, now is the perfect time to review how to advise clients who experience losses from these natural disasters
Many homeowners at risk may not have flood insurance
Tech-powered brokerage Redfin is now publishing flood risk data for listings on the company's website where such data is available, impacting listings on over 94M homes
The proposal outlines plans to allow FHA borrowers to purchase private flood insurance, which leaders said will lower insurance prices and decrease the impact of NFIP lapses
In cities with floodplains but no recent catastrophic events, few homeowners actually have flood insurance
Real estate news from the year's end
But the extension only lasts 4 months, the program is $20B in debt, and lawmakers delayed major reforms needed to keep it solvent in the long-term
Congress has until July 31 to reauthorize the program, otherwise up to 40,000 homeowners are at risk
Jerry Giovaniello will leave the trade association after 37 years of political advocacy
Flood insurance, net neutrality, tax reform and FHA loans for condos are chief among legislative issues for 2018
A new analysis finds that property at risk of flooding is double the current FEMA risk, and 41 million Americans could be impacted.
House passes revised version of National Flood Insurance Program that extends it for five years, carves out exemptions
The flood insurance program extension was part of a $15.3-billion hurricane aid package
It's one month before the NFIP is set to expire and a few days before new weather-related claims rules start in Texas
NFIP is getting a slight makeover, and the country's largest trade association weighed in