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Sometimes
the Creek does rise" - Flood Insurance Facts |
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| Refinancing
and Changes to your policy With interest rates still at an all-time low, many homeowners are rushing to refinance their mortgages to obtain a lower rate. After working the details of your loan, The mortgage broker will ask for Evidence of Insurance (EOI) from you. After your mortgage broker is aware of who your insurance agent is, they will deal directly with your agent. If the coverages you currently have on your policy are sufficient for the new lender, they will only require you to change the mortgagee clause on the policy. (Read More) |
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Articles Refinancing and Changes to your policy Cuban Oaisis Carolyn Linville |
If
the good Lord’s willing, sometimes the “creek don’t
rise”, but when it does, it can cause a flood. Floods are
the most common and widespread of all natural disasters--except
fire. Flooding can be caused by heavy rains, melting snow, by
inadequate drainage systems as well as by tropical storms and
hurricanes. In 2004, the National Flood Insurance Program paid
over $1.2 million dollars in Flood claims. The average cost of
a claim was $32 056 and the average annual flood premium was $438.
A small price to pay for the reimbursement of damaged property.
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