Federal government have involved in making flood insurance coverage became available. Congress created NFIP, National Flood Insurance Program, for community to eligible for this insurance. This insurance program is administered by Federal Emergency Management Agency (FEMA)

Eligibility Criteria

In most cases government will decide that a community is flood prone, if they comply with federal flood program standards. To be eligible to get Flood Policy’s coverage, most building that is walled and have roof, and location is above ground. (more…)

Before you sign for property insurance contracts there are several things like conditions, insuring agreement, exclusions, definitions and declarations that you must understand. In Declarations, you will find summary about important information that is not listed in other components of insurance policy, like the identity and name of the insured, length of policy, limit of insurance and how much premium charged. Bellow are 5 property insurance declarations (more…)