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Flood Insurance Fundamentals: Part 8
Flood Insurance Fundamentals: Part 8 The Last Hurrah! Flood Insurance Fundamentals: Part 8 is the unexpected continuation of the “flood of information” we received in Part 7 of this comprehensive series on NFIP Flood Insurance In this Final part, and I really mean it this time, we will cover the weighty but important subject of…
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Flood Insurance Fundamentals: Part 7
Flood Insurance Fundamentals: Part 7 We’re on the Home Stretch! Flood Insurance Fundamentals: Part 7 is designed to build on a strong foundation for understanding your NFIP Flood Insurance policy We will illustrate the concepts by revisiting our case study that was introduced in Part 3. Let’s do that now! Case Study New Update! Our…
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Flood Insurance Fundamentals: Part 6
Flood Insurance Fundamentals: Part 6 Operation: Discounts Everybody loves a good discount and in Flood Insurance Fundamentals: Part 6, that is what we are talking about! Discounts happen to be the third step in determining NFIP flood insurance rates: Other Policy Writing and Rating Considerations The Newly Mapped Discount Like Magic The discount applies to…
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Flood Insurance Fundamentals: Part 5
Flood Insurance Fundamentals: Part 5 Diving Back In! In Flood Insurance Fundamentals: Part 5 we pick up where we left off in Part 4 In Part 4 we added to our understanding of the Cost to Rebuild as one of the six primary components of FEMA’s Risk Rating 2.0 We also introduced the seven rating…
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Flood Insurance Fundamentals: Part 4
Flood Insurance Fundamentals: Part 4 Here We Go Again! In Flood Insurance Fundamentals: Part 4, we build on the case study from Part 3 to explore the second step in determining the couple’s flood insurance rates This article briefly revisits the Cost to Rebuild and then focuses on the fourth component of the NFIP’s Risk…
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Flood Insurance Fundamentals: Part 3
Case Study Consider This Flood Insurance Fundamentals: Part 3 uses a case study to illustrate important elements of the NFIP flood insurance coverage So far, we’ve covered the fundamentals of flood insurance, including the SFIP’s purpose, FIRMs, SFHAs, NFIP coverage, and pivotal legislative reforms If you want to revisit these concepts, check out Part 1…
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Flood Insurance Fundamentals: Part 2
Flood Insurance Fundamentals: Part 2 Buckle Up, Buttercup, It’s Go-Time! Flood Insurance Fundamentals Part 2: The second instalment of the Flood Insurance Fundamentals series which is intended to be a comprehensive look at FEMA’s National Flood Insurance Program (NFIP) In Part 1 We Established If you are unfamiliar with anything in that list you may…
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Understanding FEMA’s Community Rating System for Flood Insurance in Miles City, MT
FEMA & The Community Rating System Classification System with Incentives FEMA’s Community Rating System for Flood Insurance in Miles City, MT, is derived from its authority in administering the National Flood Insurance Program (NFIP) The National Flood Insurance Program (NFIP) is a federal program created by the United States Congress through the National Flood Insurance…
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Flood Insurance for Homeowners in Miles City, Montana
Flood Insurance in Miles City A Walk Through NFIP flood insurance policies for homeowners in Miles City have been around for a long time Since 1968 policies have been available nationally and starting in February of 1980 in Miles City when the community joined the NFIP program and the first FIRM was created Miles City…
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Flood Insurance in Miles City, MT: FEMA’s Risk Rating 2.0 Explained
Rising Waters: What Miles City Homeowners Need to Know What is FEMA? FEMA is the Federal Emergency Management Agency which is a federal agency within the Department of Homeland Security dedicated to disaster preparedness, response, and recovery across the United States FEMA works across three phases of disaster management FEMA’s Flood Insurance Role The Administrators…
Armor Insurance Agency
Insurance Advisors in Miles City