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Sun Blog: Insurance

Get a CLUE Insurance Report

Obtain an Insurance CLUE Report Have you heard the term, Get a Clue? If you are in the market for a home, it is a good idea. In this case a CLUE is an acronym for Comprehensive Loss Underwriting Exchange. Insurers use a CLUE report as one piece to evaluate the risk of a property. […]

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National Flood Insurance Program NFIP

National Flood Insurance Program (NFIP) US Senators from New Jersey, Cory Booker and Bob Menendez have written a letter to Federal Emergency Management Agency (FEMA) calling for changes to the National Flood Insurance Program (NFIP). The letter states that the agency that oversees flood insurance for millions of homes in vulnerable areas has done too […]

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SW Florida Insurance

Anyone who watched the news in the last week has seen the devastating floods in South Carolina. The governor said on the news that this was a once in 1,000 year flood. Let that be a lesson to all of us in Florida. Flood insurance is a must. Many people who we help purchase a […]

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Flood Zone Changes

FEMA is in the process of producing new Flood Zone Maps. Homes that were once out of a risk area can now be included. However, according to the Sarasota County website, (scgov.net https://www.scgov.net/Pages/default.aspx, 20-25 percent of all flood insurance claims come from low to moderate risk areas. It is highly recommended that no matter where […]

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Flood Hazard Zones

Many people misunderstand the coverage they have with their standard homeowner insurance policy and the need for additional flood insurance underwritten by the US government. FEMA was created by the Flood Protection Disaster Act of 1968 to regulate construction in coastal areas and flood plains. FEMA analyzed the flood prone areas of the nation and […]

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FEMA Flood Insurance Changes

Flood insurance rules changes for lenders (From an article in Florida Realtors online newsletter) WASHINGTON – Oct. 23, 2013 – A group of federal agencies joined together to create flood insurance policy rules. A rule proposed yesterday would implement some provisions of the Biggert-Waters Flood Insurance Reform Act of 2012. If it becomes official after […]

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Does everyone need flood insurance?

By Jim Nolan, Jr. – president of Nolan Family Insurance, Inc, Punta Gorda, FL Charlotte Sun-Herald Newspaper. Reprinted with permission. November 26, 2007 It seems that a week does not go by without at least one person telling us they don’t need flood insurance. Their reason for this is usually either because someone told them […]

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Reducing Florida Homeowner Insurance Rates

A special legislative session in Tallahassee is working to find ways to lower homeowner property insurance in Florida. Rates for some owners, especially those with older homes, have sometimes tripled in recent years. Beach and island homes in southwest Florida have been especially hard hit with rate increases. Several insurance companies have not renewed policies […]

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The dangers of home underinsurance

By M.P. MCQUEEN THE WALL STREET JOURNAL Charlotte Sun-Herald Newspaper. Reprinted with permission. August 29, 2006 It’s the downside of the housing boom: Many homeowners are now significantly underinsured. Americans have been pouring money into their homes in recent years, adding everything from marble bathrooms to fancy backyard decks: Last year alone, spending on improvements […]

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