Do prior losses matter in insurance policies?

Do prior losses matter in insurance policies? When individuals purchase a home, they are required to obtain homeowners’ insurance. When determining your insurance rates, the insurance company will take a number of different factors into consideration. Some of these factors include the proximity to flood zones, the types of natural disasters that frequent the area,Read More

National Flood Insurance Program Expires Next Month

National Flood Insurance Program Expires Next Month Flooding and flood insurance are major concerns for homeowners who live in low-lying areas near bodies of water. Flood insurance is notoriously expensive and is not included in a standard homeowners insurance policy. However, it becomes necessary when a home is damaged by a flood. The National FloodRead More