If you are buying or selling a home and the property is in a flood zone, you will want to know all the ins and outs of real estate flood insurance! Flood insurance, provided by the federal government through the National Flood Insurance Program (NFIP) through private companies and agents,...
What Is a Flood and Why Is the Surge of Water So Dangerous? By: Tom Harris | Updated: Sep 15, 2023 People walking flooded New Orleans streets after the levees broke from the storm surges caused by Hurricane Katrina. Michael Lewis/National Geographic/Getty Images Water is one of the ...
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The only way to cover flood risk is through theNational Flood Insurance Program. So, if your house is in a high-risk flood zone, as determined by theFederal Emergency Management Agency, you will need flood insurance in order to be covered. ...
An elevation certificate may help you qualify for lower flood insurance premiums. Flooding is the most common and costly natural disaster, according to the Federal Emergency Management Agency. If you live in an at-risk area, you will likely need to buy flood insurance, as standard home insurance...
Is flood insurance required? Some people have to buy flood insurance. For example, many mortgage lenders require homeowners in high-risk flood zones to have flood insurance in order to get a loan. And if the federal government has given you grants or other flood assistance in the past, you...
Although the operators of the President Eisenhower helped pay for cleanup, neither California nor federal authorities have ordered the company to pay any penalties. As for the metal shipping containers, only one was spotted on a U.S. Coast Guard overflight, and it had vanished from sight by th...
For example, this is an email I got pretending to be from the federal government agency in Dubai. How do I know it’s fake? By looking at the email address. Why would a federal government agency from a foreign country want to know my financial project details? If it doesn’t make sen...
The goal of a BCP is to get the business back on track with little to no interruption. BCP involves defining all risks that can affect a company's operations, making it an important part of the organization's risk management strategy. Risks may include natural disasters (fire, flood, weathe...
A housing bubble can significantly affect a home's value and the equity in real estate. As prices climb, investors may flood the market, and home buyers may secure risky loans. When the bubble bursts, prices plummet and some borrowers may face financial stress or foreclosure....