Taurus Flood: NFS is Not Currently Hiring

2024-02-28T08:24:23-05:00

For more information on career opportunities with NFS, please contact peopleteam@nationalfloodservices.com.  We would be happy to provide you with additional information.

Taurus Flood: NFS is Not Currently Hiring2024-02-28T08:24:23-05:00

11/03/2021 – NFS addresses the top 5 questions regarding 2020 NFIP Reauthorization

2021-11-04T11:35:35-04:00

NFS addresses the top 5 questions regarding NFIP Reauthorization November 3, 2021 At the end of September Congress extended the NFIP authority through December 3, 2021. This new deadline is fast approaching and if Congress does not pass any legislation, we could experience a lapse in authority. To learn more, check out our short video presented by our own Director of Government Relations, Cynthia DiVincenti.

11/03/2021 – NFS addresses the top 5 questions regarding 2020 NFIP Reauthorization2021-11-04T11:35:35-04:00

10/29/2021 – Get the eBook: NFIP Reauthorization and Reforms

2021-11-04T11:34:47-04:00

Get the eBook: NFIP Reauthorization and Reforms October 29, 2021 We are pleased to present our eBook, “National Flood Insurance Program Authority Extension”. This eBook was developed in support of agent awareness and education around the impending reauthorization of the National Flood Insurance Program, set to expire on December 3, 2021

10/29/2021 – Get the eBook: NFIP Reauthorization and Reforms2021-11-04T11:34:47-04:00

10/27/2021 – FEMA Extends Deadline to Submit Proof of Loss & Apply for Hurricane Ida Assistance

2021-11-04T11:38:06-04:00

FEMA Extends Deadline to Submit Proof of Loss & Apply for Hurricane Ida Assistance BATON ROUGE, La. – Survivors of Hurricane Ida now have until Nov. 29 to apply for individual assistance with FEMA. Click here to read the full release.

10/27/2021 – FEMA Extends Deadline to Submit Proof of Loss & Apply for Hurricane Ida Assistance2021-11-04T11:38:06-04:00

09/30/2021 – NFIP Granted Extension Through December 3, 2021

2021-11-04T11:37:45-04:00

NFIP Granted Extension Through December 3, 2021 WASHINGTON - With the NFIP Authority set to expire at midnight, September 30, 2021, the House and Senate extended the NFIP Authority through December 3, 2021. The President signed the bill which continues the current authority and contains no reforms to the NFIP at this time.

09/30/2021 – NFIP Granted Extension Through December 3, 20212021-11-04T11:37:45-04:00

04/01/2021 – NFIP Releases Risk Rating 2.0 Information

2021-11-04T11:38:28-04:00

NFIP Releases Risk Rating 2.0 Information WASHINGTON - FEMA is updating the National Flood Insurance Program’s pricing methodology to communicate flood risk more clearly, so policyholders can make more informed decisions on the purchase of adequate insurance and on mitigation actions to protect against the perils of flooding. Click here to read the full release.

04/01/2021 – NFIP Releases Risk Rating 2.0 Information2021-11-04T11:38:28-04:00

09/30/2020 – NFIP Granted Extension Through September 30, 2021

2020-10-02T22:28:27-04:00

NFIP Granted Extension Through September 30, 2021 WASHINGTON - With the NFIP Authority set to expire at midnight, September 30, 2020, the House and Senate extended the NFIP Authority through September 31, 2020 as part of HR 8337. The President signed the bill which continues the current authority and contains no reforms to the NFIP at this time.

09/30/2020 – NFIP Granted Extension Through September 30, 20212020-10-02T22:28:27-04:00

04/02/2020 – FEMA issues Remote Claims Adjusting Guidance

2020-04-08T14:19:16-04:00

FEMA Issues Remote Claims Adjusting Guidance WASHINGTON - FEMA has adjusted their claims adjusting policy to allow virtual adjusting as part of Bulletin W-20004.  NFS played an instrumental role in advocating for this change and we are delighted to see FEMA proceed with the recommendations we put forward. The new policy is a welcome solution as we enter flood season amidst the uncertainty that Covid-19 creates.  It is critical for NFS and our clients that we provide a customer-centric solution that keeps everyone safe during this unprecedented pandemic.  We fully believe that virtual adjusting helps achieve that goal; supporting [...]

04/02/2020 – FEMA issues Remote Claims Adjusting Guidance2020-04-08T14:19:16-04:00

03/28/2020 – FEMA Extends Renewal Payment Grace Period from 30 to 120 days

2020-03-31T14:50:43-04:00

FEMA Extends Renewal Payment Grace Period from 30 to 120 days WASHINGTON - FEMA has advised that they are extending the renewal premium payment grace period from 30 to 120 days. We are entering flood season in unprecedented times as the Coronavirus continues to create uncertainty for us all.  To help serve NFIP customers facing financial hardships, FEMA is taking proactive steps to support policy-holders during a time that many are experiencing financial hardships related to the current health crisis. The extension allows policyholders additional time to pay their flood insurance premiums while ensuring their policies are not cancelled for [...]

03/28/2020 – FEMA Extends Renewal Payment Grace Period from 30 to 120 days2020-03-31T14:50:43-04:00

11/07/2019 – Risk Rating 2.0 Delayed Until October 2021

2019-11-08T14:20:24-05:00

FEMA Defers the Implementation of Risk Rating 2.0 WASHINGTON - FEMA is focused on building a culture of preparedness by closing the insurance gap so that individuals and communities recover faster and more fully after a natural disaster. Earlier this year, FEMA announced Risk Rating 2.0 as an initiative to deliver flood insurance rates that people trust, value, and are less complex to navigate. Knowing the true risk of one’s property is critical to ensure adequate insurance coverage and claim payments after a flood, as well as to inform appropriate mitigation measures property owners can take to ultimately reduce [...]

11/07/2019 – Risk Rating 2.0 Delayed Until October 20212019-11-08T14:20:24-05:00

What is Mudflow?

2023-05-04T15:38:26-04:00

Mudflow is defined as: “A river of liquid and flowing mud on the surfaces of normally dry land areas, as when earth is carried by a current of water.” Other earth movements, such as landslide, slope failure, or a saturated soil mass moving by liquidity down a slope, are not mudflows. Mudflow is normally defined in layman’s terms as flow of milkshake consistency.

What is Mudflow?2023-05-04T15:38:26-04:00

How do I cancel my flood insurance policy?

2023-05-04T15:40:47-04:00

There are many valid cancellation reasons that can be used to cancel a flood policy with different business requirements for each reason. Your agent can assist you in requesting cancellation of your flood insurance policy. The agent will submit a cancellation request form with proper documentation to the insurer.

How do I cancel my flood insurance policy?2023-05-04T15:40:47-04:00

If I sell my house can I cancel my flood policy?

2023-05-04T15:40:10-04:00

You can cancel your policy if you sell your house. You simply need to have your agent provide the company that writes your flood insurance policy with a signed cancellation form and legal documentation such as your settlement paperwork showing the title transfer of your property. Another option would be for the buyer to assume your current flood policy through an endorsement. This would allow the buyer to show continuous flood insurance coverage and maintain the RR2.0 premium glidepath, if applicable. Check with your agent to see if this is an option that works for both you and the buyer.

If I sell my house can I cancel my flood policy?2023-05-04T15:40:10-04:00

How long does it take for my flood policy to take effect?

2019-10-08T12:44:39-04:00

When voluntarily purchased, your flood policy will have a 30-day waiting period. Here are the only exceptions: If a building is located in a newly-designated Special Flood Hazard Area (SFHA), and flood insurance is being purchased within the 13-month period following a map revision. If you purchase flood insurance in connection with making, increasing, extending or renewing your mortgage loan. If an additional amount of insurance is selected as an option on the renewal bill. If a property is affected by flooding on burned federal land that is a result of, or is exacerbated by, post-wildfire conditions when the policy is [...]

How long does it take for my flood policy to take effect?2019-10-08T12:44:39-04:00

How can I reduce my NFIP flood insurance premiums?

2023-05-04T15:42:28-04:00

What you pay for NFIP flood insurance often has a lot to do with how much flood risk is associated with your property. Mitigating your flood risk not only protects your property against flood damage but can also help lower insurance costs. Common flood mitigation options include: Elevating utilities Installing flood openings/vents Elevating your building Filling in a basement Relocating your building Choosing a higher deductible will also lower your premium, but it means you will need to cover more of the cost to rebuild out of pocket (or out of savings).

How can I reduce my NFIP flood insurance premiums?2023-05-04T15:42:28-04:00

Is this a government program?

2023-05-04T15:40:44-04:00

The NFIP is a government insurance program which is delivered through a partnership between insurance companies and the Federal Emergency Management Agency (FEMA). This partnership allows private insurance companies and their agents to sell federal flood insurance backed by the government to property owners nationwide.

Is this a government program?2023-05-04T15:40:44-04:00

What is covered by flood insurance?

2023-05-04T15:43:13-04:00

Check out FEMA’s Summary of Coverage. This coverage applies to policies issued under the government-backed NFIP program. Talk to your agent to determine if you have an NFIP policy, or a policy that is issued by a private insurer, which may have different coverage.

What is covered by flood insurance?2023-05-04T15:43:13-04:00

What is a flood insurance premium based on?

2023-05-04T15:43:51-04:00

A number of factors are considered when determining your annual flood insurance premium. These factors include: Flood risk (e.g., your flood zone) The type of coverage being purchased (e.g. building and contents coverage) The deductible and amount of building and contents coverage The location of your structure The design and age of your structure The location of your structure’s contents (e.g. Are your utilities elevated?) With Risk Rating 2.0: Equity in Action, FEMA has the capability and tools to address rating disparities by incorporating more flood risk variables. These include flood frequency, multiple flood types — river overflow, storm surge, coastal [...]

What is a flood insurance premium based on?2023-05-04T15:43:51-04:00

What level of coverage should I get?

2023-05-04T15:45:03-04:00

If you have a government-backed mortgage, you will need to cover at least the balance on your loan amount, or the amount required by your mortgagee, up to the maximum available limit. Talk to your insurance agent about the value of your property and insuring it appropriately for a significant loss, which may exceed the loan value.

What level of coverage should I get?2023-05-04T15:45:03-04:00

Can you buy flood insurance on a property you don’t own? Can renters buy flood insurance?

2023-05-04T15:45:44-04:00

There are two basic coverage types provided by a flood policy. Building coverage covers the structure and contents coverage covers the personal or business items, such as clothes, furniture, appliances, stock, etc.  If you own the building and the contents you can purchase a flood policy as the named insured with coverage for both the building and contents. If you are a renter, you can purchase coverage for your personal or business contents. You will need to check with your landlord to see if they have flood coverage for their building, but in most cases as you have no insurable interest [...]

Can you buy flood insurance on a property you don’t own? Can renters buy flood insurance?2023-05-04T15:45:44-04:00

What is the big difference between coverage under homeowners insurance and coverage under a flood insurance policy?

2023-05-04T15:46:38-04:00

The difference between what is covered under the homeowner’s insurance and what is covered under a flood policy really depends on what caused the flooding. If the flooding is an accumulation of surface water from outside your property, you will need a separate flood policy. If it is natural water entering from an opening in the roof, walls, or windows or if the water is processed tap water that leaks from your water pipes or appliances (water heater, washer), it should be covered under most homeowners policies.

What is the big difference between coverage under homeowners insurance and coverage under a flood insurance policy?2023-05-04T15:46:38-04:00

Why should I buy flood insurance?

2023-05-04T15:47:18-04:00

All homes, regardless of flood zone, are at risk of flooding. Over the last five years every state has experienced flooding. Consider these 4 facts: FEMA advises that just one inch of water can cause $25,000 in damage More than 20 percent of flood claims come from properties outside of high-risk flood zones Only 20% of impacted homeowners from Hurricane Harvey in 2017 had flood insurance Federal Disaster assistance comes in the form of loans that must be paid back with interest and FEMA grants only provide about $5,000 average per household. By comparison, the average flood claim in 2022 was [...]

Why should I buy flood insurance?2023-05-04T15:47:18-04:00
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