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How much money was allocated to the My Safe Florida Home program? The program has received $215 million in funding since it was relaunched in 2022, with an initial $115 million and an additional ...
Generally, water or sewer backup is not covered in a standard home insurance policy. However, most insurance companies will offer an optional sewer backup endorsement .
With replacement cost value, your insurance company would usually reimburse you the full $2,000. Replacement cost value vs. market value RCV and market value are not the same, especially when it ...
The bill would delay the flood insurance premium increases mandated under the Biggert–Waters Flood Insurance Reform Act of 2012 for four years. [1] During that time, the Federal Emergency Management Agency is supposed to come up with a plan to make the premiums cheaper and reassess its maps of areas that are likely to flood (and therefore ...
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
The bill would amend the National Flood Insurance Act of 1968 to prohibit the Federal Emergency Management Agency from providing flood insurance to prospective insureds at rates less than those estimated for any property purchased after the expiration of such six-month period (currently, any property purchased after July 6, 2012). [9]