National Flood Insurance Program - Articles

Many Hurricane Sandy Victims Getting Shortchanged on Flood Insurance

Alamy By DAVID B. CARUSO NEW YORK -- Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of adjusters who were hired in a hurry after the disaster. They... Continue Reading »

Hurricane Sandy: What To Do If Insurance Claim Is Rejected

By Mandi Woodruff Hurricane Sandy is expected to cost a staggering $50 billion, with as many as 200,000 claims for wind damage and 20,000 claims for flood damage filed by consumers. The sooner those claims are filed the better, but that doesn't necessarily mean everyone will get what they ask for. One of the... Continue Reading »

Pending Homes Sales Drop: Deflationary Spiral or Temporary Slowdown?

Buyers signed fewer contracts to buy homes in May than in any time since the government starting keeping records on them. Based on information from the National Association of Realtors, pending home sales dropped 30 percent from April -- from 110.9 to 77.6 -- which is also 15.9 percent below May 2009. While some believe... Continue Reading »

Homebuyer Tax Credit Extension Down but Likely Not Out

While the home tax credit extension looks dead, it's probably just on life support and may be revived by adding it to another bill on the Senate floor. The tax-credit extension had been attached to a large stimulus package including business tax breaks, renewal of the flood insurance program and extension of unemployment... Continue Reading »

Congress Lets Flood Insurance Program Expire

The Senate left for spring recess without extending the National Flood Insurance Program (NFIP), leaving homebuyers in flood-prone areas in limbo. The expiration of the program comes just as a rush of buyers are expected to try and finalize home purchases to take advantage of tax credits before the incentives themselves... Continue Reading »

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