When a natural disaster occurs, it can lead to severe and unexpected financial burdens for those affected. Facing the loss of a house, car, and other personal items are always difficult. When victims find themselves struggling with Homeowners Insurance companies, the loss feels that much receive. That’s where FEMA and NFIP Hurricane Insurance Claims Attorneys come in. The Carlson Law Firm has a team of dedicated and experienced trial attorneys committed to guiding clients through the aftermath of natural disasters. A flood insurance attorney at The Carlson Law Firm has the experience to handle your FEMA, and National Flood Insurance Program or NFIP claims.
If a hurricane damaged your home, our firm is committed to helping you recover. Call us at (800-359-5690) for a free review of your legal and financial options. Contact us today for more information. We care. We can help.
Hurricane Flood Damage
Floods are the most common and most destructive natural disaster in the United States. Ninety percent of all natural disasters involve flooding, and all 50 states have experienced floods or flash floods in the past five years, according to Floodsmart.gov. A standard homeowner’s policy does not cover damage from a flood.
Standard homeowners insurance policies do not cover flood damage caused by rain or storm surge. Flood insurance must be obtained from the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency administers the program.
Flood insurance just like any type of insurance program; it varies according to the level of coverage and protection plan, and some plans are more comprehensive than others.
The Carlson Law Firm is fighting to help our fellow victims fight back against these mega-corporations who only have one thing in mind: Their bottom line. Schedule a free consultation with a Flood Insurance Attorney today.
Your community maintains a repository of Flood Insurance Rate Maps (FIRMs) that you can view to determine whether your property is located in a high-risk or a moderate- to a low-risk area. These maps are usually available at the planning and zoning department.
National Flood Insurance Program (NFIP)
In 1968 Congress created the National Flood Insurance Program(NFIP), to provide insurance coverage in areas where private insurance coverage was not feasible. Congress’ goal was to provide relief for those specific locales subject to continuous flooding, run-off or lake flooding. Over the years, the program has had difficulty covering loss claims from its premium income. In response, various policy restrictions and conditions have been instituted. These limitations make it more difficult for policyholders to obtain fair compensation.
It is for this reason, property owners with homeowners insurance who have suffered flood loses often need legal representation to obtain the compensation they deserve.
Your insurance company adjusts and administers your flood insurance policy, but the NFIP pays claims. NFIP underwrites all flood policies in the United States. While private carriers are authorized to write their policies (known as Write Your Own policies), each policy is backed by the NFIP and administered by the Federal Emergency Management Agency (FEMA). That means they don’t follow the same process as the typical homeowner’s claims, and this process can be a difficult one.
As the ultimate insurer, the federal government has many defenses available to it that private insurers do not. These defenses include sovereign immunity, federal preemption and a requirement of strict compliance with regulatory requirements. This is where a Houston Flood Insurance Attorney at The Carlson Law Firm comes in. Our Flood Insurance Claims attorneys can help walk you through this process and ensure that your payout is fair. It’s important to understand that each property and each claim will have its particularities. Standard flood policies have strict deadlines for filing a proof of loss.
How Much Does NFIP Cover?
The NFIP provides up to $350,000 of flood insurance coverage, where required, for a federally backed mortgage in 22,000 communities nationwide. It also provides an alternative to taxpayer-funded disaster assistance, which averages $5,500 per household but more often means an SBA loan that must be repaid with an underlying mortgage. While there is a growing market for private flood insurance, for many, the NFIP continues to be the primary source of asset protection against flooding, the most common and costly natural disaster in the United States.
Contact The Carlson Law Firm to speak with a qualified Houston Flood Insurance Attorney. Our firm can help you recover losses from flood damage.
FEMA/NFIP Flood Insurance Claims Flood Damage Process: Proof of Loss
A Proof of Loss is a policyholder’s statement of the amount of money requested, signed to and sworn to by the policyholder. Insurance company’s require documentation to support the amount requested.
FEMA Hurricanes Harvey And Irma: Enhanced Claims Process:
Typically, this document must be provided to the NFIP or Write Your Own Company within 60 days of the date of loss. However, due to the devastating nature of recent hurricanes; the standard 60-day deadline has been waived. A new deadline for submitting a compliant Proof of Loss is now 365 days from the date of the loss.
This extended deadline will allow policyholders to properly evaluate the full extent of all flood damage caused to their property.
Flood Damage Insurance – Quick Facts
- Homeowner’s insurance does not typically cover flood damage.
- The NFIP issues and backs flood insurance policies
- FEMA administers flood insurance policies to compensate flood damage
- The NFIP covers up to $250,000 for the structure of the home and $100,000 for personal possessions. Excess policies are available.
- Typically, under the NFIP, homeowners must file a Proof of Loss form within 60 days of a flood. However, victims of Hurricane Harvey and Irma have an extended period to file of 365 days.
- For the last decade, total flood insurance claims average more than $3.4 billion per year.
- Floods are the number 1 natural disaster in the United States.
- Over the life of a 30-year loan, homes in high-risk flood areas, flood is more likely to cause damage than fire.
A skilled Flood Insurance Attorney can help you recover losses your insurance company is refusing to pay. Undervalued flood insurance claims slow your recovery. If you are Hurricane flooding victim, contact our firm to schedule a free consultation today.
Flood Insurance Claims: National Flood Insurance Program NFIP FAQs
Will my homeowner’s policy cover flood damage? No. A homeowner’s policy only covers wind-blown rain damage not caused by flooding. Without flood insurance, your flood losses won’t be reimbursed and you won’t get money to help you rebuild. If you are in a high-risk area and if the federal government regulates or insures your mortgage, carrying flood insurance is a federal requirement. “High risk” means your home as has at least a 1 in 4 chance of flooding during a 30-year mortgage.
What does flood insurance cover? It covers the replacement cost or actual value of the property, whichever is less, based on home, the number of floors, flood risk, and other factors. Your policy’s declarations page states the maximum amount of coverage for your property.
What’s not covered by NFIP? The NFIP will not cover certain items. These items include:
- Living expenses, such as temporary housing
- Property outside the building (cars and car parts, trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs, and swimming pools)
- Preventable damage from moisture, mildew or mold
- Currency, precious metals, valuable papers (such as savings bonds and stock certificates)
How does a policyholder file a claim for flood loss? A flood insurance policyholder should immediately report any flood loss to the insurance company or agent who wrote the policy. The insurance company will assign the loss to a claims adjuster. Then, the policyholder must file a “proof of loss” within 60 days of the date of loss. A policyholder whose policy is with a WYO Company must follow the company’s claim procedures. The 60-day time limit for filing a proof of loss remains the same.
A Homeowners Insurance Flood Damage Attorney at The Carlson Law Firm Can Help
If you are a victim of hurricane flood damage, and your insurance company isn’t paying you what you deserve, contact our firm. We can help you determine your best course of action with Flood Insurance Attorney from The Carlson Law Firm.
Even if you’ve followed all the rules for claims, insurance companies can find reasons to deny or underpay a claim. Whether it’s a denial or reduction, it’s important to know that a Flood Insurance Attorney can dispute NFIP claim. In additional to special rules, Federal Courts handle flood claims. Because of this, it’s important to engage an attorney with experience in these types of claims specifically.
Our team of experienced and dedicated FEMA and NFIP Flood Insurance Claims trial attorneys understands what it takes to get you the compensation you deserve. Contact any of our offices for a free consultation today. There is no cost to you! A Flood Insurance Lawyer from The Carlson Law Firm will only get paid if you do.