Posts Tagged ‘flood insurance’

Tioga County Residents Flood Insurance News

Sunday, December 6th, 2009
Graphic from Tioga County website

Graphic from Tioga County website

Much anticipated flood maps will be displayed on Tuesday, December 8, 2009 from 4:00 pm to 8:0 pm at the Tioga County Office Building (56 Main St in Oswego). The maps are only preliminary, but will give residents an idea about if their homes are in a flood plain.

Information from the National Flood Insurance Program will be included at this event as anyone who lives in a flood plain will have to purchase flood insurance. PressConnects.com reports:

“Tioga County residents and municipalities suffered millions of dollars in flood damage in the last several years, culminating in a devastating flood in June 2006 and a flash flood five months later.

The new maps are part of a five-year, $1 billion program to provide updated, digitized flood maps for 92 percent of the nation’s population.”

Mary Colvin, the Mitigation Division of FEMA’s Region II, was interviewed and she advised:

“While most locations in Tioga County do not have significant changes, the Village of Nichols is protected by a levee system that may not meet mapping standards…The fact that the Nichols levee may not provide adequate protection means an increase in the number of flood-prone properties there.

…The single biggest mitigation option is flood insurance…If you’re currently out of the flood zone, but are going into it under the new maps, you should buy it now. That way, your current, less risky flood zone designation can be ‘grandfathered’ in.”

Learn more about flood insurance basics.

With the cold winter months already upon us, there are more than just floods from natural disaster. Home and business owners often neglect to weatherize a building. Freezing weather can lead to frozen pipes, which will bring flooding. Is your home insured for damages caused by broken pipes? Learn more about preventing burst pipes.


How not to file a flood insurance claim

Thursday, November 5th, 2009
Photo by Noah Sussman

Photo by Noah Sussman

A man in Tioga County, New York called his insurance company. He reported his washing machine’s hose broke and his whole basement flooded and his personal items had extreme water damage. Thank goodness he had flood insurance because he filed a claim for his damaged television stand, parts of a sound system, and couch. The man’s flood insurance would have come in handy if all his reports were true.

An insurance company is not going to hand over a check to any person that claims they have sustained water damage in the home. Claims are always investigated. Upon investigation, it was found that the TV stand and sound system were not damaged by water…and they did not even belong to the man making the false claim. The couch that was said to have sustained flood damage was found to not even have been in the basement at the time of the flooding.

The report of the flooded basement due to the broken washing machine hose was true. The New York man making the report could have probably received payment for an honest flood insurance claim to remediate any wet carpets or wet documents or prevent mold damage. But instead, he now gets to face 4th-degree insurance fraud charges, a 1st-degree charge on the count of faking business records, and a possible 4-year jail sentence: all this over trying to get $5,300 in “free” cash. When it comes to flood insurance claims, the insurance companies will not be fooled. More on this story.

Find out real facts about flood insurance and how it can help home and business owners recover after a flood.

Long-time New York insurance clients have policies cancelled

Tuesday, October 6th, 2009
Photo by paulaloe

Photo by paulaloe

Homeowners in the Bronx had to scramble to find a new insurance carrier this summer when their long-time insurance company dropped them as clients and cancelled their policies. The reason: they are too close to the Long Island Sound. The proximity of the homes to the Sound makes the clients too high of a risk for flood damage for the insurance company in question, reports the NYDailyNews.com.

What the insurance company is worried about are hurricanes that have the potential to wipe-out homes in the Bronx’s coastal areas. Insurance carriers in the state of New York dropped about 4% of their clients, even if the homeowner had never made a claim in the past.

Those who received letters stating a homeowner’s policy was going to non-renew have to find alternative insurance companies to insure their homes and are now being charged higher premiums.

So far, only one insurance company has dropped their clients, but Senator Jeff Klein (D-Bronx) is afraid other carriers will follow suit. He urges residents to let his office know if they receive a non-renewal notice from his or her homeowner’s insurance company.

Homeowner’s insurance policies are frustrating to purchase enough without the headache of having to shop for another one. When attaining insurance for the home, do not forget to consider attaining flood insurance in case the unexpected happens.

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