We're Glad You're Here!
Bienvenidos!
USA INSURANCENET CORP
MIAMI, FL 33177
United States
ph: 786-293-3637
fax: 786-293-3669
SERVICE
Flood Insurance
Florida, Texas & Arizona
Top Ten Reasons
To Buy Flood Insurance Now
It might be the best insurance bargain ever invented. The National Flood Insurance Program is so successful that it may be flying under the radar for many people. Besides being one of the few sources of insurance for flood-prone communities that include millions of American homes, the forty-something-year-old program of the Department of Homeland Security's Federal Emergency Management Agency deserves recognition for NFIP insurance being the great bargain that it is. So without further ado, begin the drum-roll and we'll give you
10 Flood insurance compensates you for all covered flood-related losses to your home or business after your deductible is met.
9 Coverage is relatively inexpensive with an annual average premium of $477 in Louisiana.
8 You can depend on being reimbursed for flood damages because NFIP flood insurance is backed by the federal government, even if the President does not declare a federal disaster.
7 You do not have to repay flood insurance benefits.
6 You become eligible for additional benefits to elevate, strengthen or move your building.
5 Renters can purchase flood insurance contents coverage for their personal belongings or business inventory.
4 Basement coverage includes cleanup expense and items such as furnaces, water heaters, washers, dryers, air conditioners, freezers, utility connections, and pumps.
3 You can request a partial payment immediately after the flood, which can help you recover even faster.
2 Buying flood insurance is the best thing you can do to protect your home and business, and your family's financial security from a flood.
1 Be FloodSmart! Buy now because there's a 30-day waiting period before coverage begins.
FEMA manages federal response and recovery efforts following any national incident. FEMA also initiates mitigation activities, works with state and local emergency managers, and manages the National Flood Insurance Program. FEMA became part of the U.S. Department of Homeland Security on March 1, 2003
or just call
786-293-3637
Answers to Possible Questions Regarding the October 2009 Change
On October 1, 2009, important changes to the NFIP will take effect. There will be an increase in rates, the standard deductibles, and the basic insurance limits. These combined changes will result in an average premium increase of 8 percent . Many policyholders will have questions about these changes. To help you best serve your clients, we have developed a number of “answers to possible questions” to help your customers better understand how these changes will affect them.
Q: Why are my premiums going up?
A: It is not uncommon for insurance companies to implement annual rate increases to help offset their increased costs, including inflation. The NFIP, like most insurance companies, has found it necessary to implement these important program changes to ensure that current premiums more accurately reflect the current risks.
Q: Are the rates increasing to collect the premium dollars that were used to pay for claims as a result of Hurricane Katrina?
A: No. It is a misconception that rate increases happen to offset debts attributed to Hurricane Katrina or any past event. Actually, Federal regulations clearly state that the NFIP cannot raise rates to recoup for previous losses. Simply put, NFIP premiums only reflect expected future losses and expenses. There is no charge contained in the premium to recoup past losses.
Q: Why is my deductible doubling?
A: The NFIP’s previous minimum deductibles were in place for more than 10 years. The NFIP found it necessary to discontinue the minimum deductible of $500 and increase the new standard deductibles to avoid overall larger premium increases.
It is important to remember, that in most cases the deductible is only a fraction of the average flood insurance claim, which can cost tens of thousands of dollars.
Q: Why are the basic limits of coverage on the Standard Flood Insurance Policy (SFIP) for residential and non-residential buildings increasing?
A: The NFIP takes many steps to financially prepare for future flooding. In order to do so, the basic limit of coverage, the level which sustains the most damage in a flood, needs to be brought into better alignment with the typical NFIP paid claim.
If you purchase flood insurance beyond the basic limit, you will receive more coverage at a lesser charge. And, to get full replacement cost for your primary residence in the event of a flood, you must insure your building to at least 80 percent of its replacement value (or $250,000, whichever is less).
or just call
786-293-3637
Needed vs. Required
Unfortunately, not everyone who needs a flood policy has one. Those who don't live in a high-risk area are not federally required to carry flood insurance; however, not required is not the same thing as not needed. Remember, not all floods are major floods, and, despite, what you might think, Federal disaster assistance is available only when the U.S. President declares a disaster. 25% of all Flood Claims originate from "not at high risk areas". Without a flood insurance policy, you are at risk. Let's talk about a Flood Insurance Policy for your porperty today.
NEWS FLASH !
Eastern floods scatter residents as worst awaits
Flood map changes could affect insurance
11/11/2009 at 7:12 AM
New flood map changes may affect residents' home insurance coverage.
The new maps from the Federal Emergency Management Agency reflect a warming Earth, according to DeCoteau. Ocean levels are predicted to rise, and former 100-year storms may become more frequent and severe.
Visit the entire article here: Flood map changes could affect insurance
Georgia's Flood Loss Estimate Doubles to $500 Million
9/27/2009 at 8:50 PM
Georgia Insurance Commissioner John Oxendine has raised the estimated cost of damage caused by heavy flooding in parts of north Georgia to $500 million.
The new figure is twice as much as last Tuesday's initial damage estimate of $250 million. Oxendine said the new number is conservative and could still rise.
Oxendine said 20,000 homes and other structures suffered major damage, mainly in the area north and west of Atlanta.
A federal disaster declaration has been issued to provide individual assistance for recovery efforts to residents in 14 Georgia counties.
or just call
786-293-3637
USA INSURANCENET CORP
MIAMI, FL 33177
United States
ph: 786-293-3637
fax: 786-293-3669
SERVICE
