flood insurance policy: Flood Insurance Policies - The Basic Facts
- 08/05/09 01:54 PM
Realtors: Did you know that your client's homeowners insurance policy WILL NOT COVER FLOOD DAMAGE??? Insurance against flood must be obtained separately. Your lender will do a flood certification early in the process, so have your clients get on it right away so that they can have a policy in place well before closing. A flood insurance policy reimburses the policy owner for the work that they and other family members did to sandbag the home, move furniture and remove debris. The Federal Emergency Management Agency's (FEMA) maps are important when it comes to flood insurance because if they show … (2 comments)
Questions and answers From President and C.E.O Duane Myers of the M&C Insurance group. Sharing over 25 years of my direct experience and knowledge of insurance policies and coverages. Serving New jersey, Delaware and pennsylvania. www.MandCinsurance.com
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