Insurmark’s Post

True or false: more than 50% of the homes in the United States are worth over $408,000. TRUE! And that means that an NFIP policy, which limits coverage on residential buildings to $250,000, may not be enough to help clients with high-value homes recover after a flood event. The solution: our Excess Flood policy. https://bit.ly/3X2y2Yi #flood #floodinsurance #recovery 

It's not just homes that flood; businesses do too. Embrace your inner advisor and talk to your clients about what a commercial flood policy covers and how it can benefit them when disaster strikes. https://bit.ly/4fEl4r3 #commercialflood #floodinsurance #flood

Did you know that buying a home in many states doesn't come with a flood history report? Here’s how the lack of mandatory flood disclosure laws can leave buyers facing unexpected and costly expenses. #floodrisk #floodinsurance #flood #flooding  

#ThrowbackThursday Have clients looking to buy a home this spring? These tips from John Dickson in this Barron's article on buying a home that won't flood are timeless. #floodinsurance #floodrisk #privatefloodinsurance #flood #homebuying

In response to increasing risks of flooding, NJ this week will begin imposing flood hazard disclosure requirements on parties involved in real property sales, transfers and leases. Learn about the impact of the new requirements in today's Client Alert from our partner Jack Fersko at: https://bit.ly/43r2gWy #floodrisk #flooding

Householders dealing with the aftermath of Storm Henk can take steps to protect their homes from future flood events, which have been underlined by The Property Care Association https://lnkd.in/eMY6KJdS #UKHousing #UKProperty #Property #StormTips #TopTips

Recent Flood statistics shared with us by our partner carrier, Chubb, highlighting, "99% of U.S. counties have experienced a flood since 1998." In the state of California, we are experiencing increased precipitation with little to no infrastructure to support the massive rainfall totals we are accumulating, causing significant Flood events in areas we have not seen before. If you, or your clients, are not being educated on Flood coverage, then I encourage you to start asking the questions. #usioneadvantage #personalriskanalysis #riskmitigation #riskmanagement #floodinsurance #floodrisk #heavyrain

🏡 Don’t get caught off guard by the brand new flood disclosure—what you need to know! 🌊 📄 Sellers are now required to make a statutory flood disclosure to buyers. This includes if the property has ever been flooded, if there has been an insurance claim, or if they have received federal assistance related to the damage. While this change wasn’t inspired by recent events, it offers peace of mind for future homeowners and those who have faced the challenges of flooding firsthand. Stay informed, stay protected. 😔 With so many Floridians recently affected by flooding, it’s more important than ever to be informed when buying a home. #storchmortgageteam #flooddisclosure #floodinginfo #floridarealestate #tampahomes #tampaliving #floodzone #realestatetips #homebuying 

"Starting October 1, 2024, there is a new flood disclosure requirement in Florida. Florida Statute 689.302 requires a seller to complete and provide a flood disclosure to a buyer of residential real property. This disclosure must be done at or before the time of a contract being executed." https://lnkd.in/e2g9RwQB #flooddisclosure #Floridasellers #flooddamage #fulltransparency #realestate #transaction #flooding #federalassistance #realestatenews #pupellorealtycompanyllc

These are great questions to jumpstart the flood risk conversation with homebuyers. #floodinsurance #floodrisk #flooding #flood