If you are in escrow and the property you’re buying requires flood insurance, you might want to speed things along. The vast majority of flood insurance is provided through the National Flood Insurance Program, a government program that is about to expire (again) on September 30, 2024. If it doesn’t get renewed in a timely … Read more
After years of drought, many of us are pleased to hear that it may be a wet winter; however, some of us get a little nervous when we hear meteorologists predicting a La Nina year after wildfires, because that can mean flooding and potentially, mudslides. If you buy a home in a federally designated flood … Read more
Last week, I shared information about some of the important coverage homeowners insurance provides, from structural damage to personal property replacement to liability insurance. I also mentioned why it is critical to read your policy’s fine print: so you understand what’s covered and what isn’t. Most of us don’t think a disaster will befall us, … Read more
After years of drought, many of us are pleased to hear that it is supposed to be a wet winter; however, some of us get a little nervous when we hear meteorologists predicting an especially strong El Nino year, because that can mean flooding. If you buy a home in a federally designated flood zone … Read more
Recently, rural properties in California have had a harder time qualifying for homeowner’s insurance. After the big fires in 2014 (and the not-so-big Black Bart Fire locally), many insurance companies have declined new requests for coverage and even opted not to renew existing policies. Why? Because the Department of Insurance disallowed a rate increase for … Read more