In last week’s post we discussed what flood insurance costs in various flood zones. We mentioned that living in an “X” zone was the most desirable zone for keeping your flood insurance costs low. However, if your piece of paradise is located in an “AE” or “VE” flood zone, here are some helpful tips in…
Archives
Important News for Condo Owners
On August 29, 2014, AM Best downgraded the financial strength rating for Companion Property and Casualty Insurance Company and its subsidiaries from A (Excellent) to B++ (visit this link to view the press release from AM Best). Companion has been one of the largest providers of condominium unit owner’s insurance in our area for many…
What does Flood Insurance coverage cost?
In last week’s post, we discussed the different flood zones and what they mean for your property. Remember, all properties and homes in the US are in a flood zone. Here is a quick refresher of the three current flood zones: An “X” zone is considered non-hazardous and lenders do not typically require flood insurance…
Is My Home in a Flood Zone?
Is your home in a flood zone? YES… all homes are in a flood zone. You may find this confusing if someone has told you that your home is not in a flood zone, or your lender does not require you to carry flood insurance. In reality, it may just be that your home…
What is a flood, and what’s the difference between flood coverage and wind coverage?
To read the really long version of the FEMA’s definition of a flood, you can click here. But in simple terms, a flood is any temporary instance of rising water affecting two or more acres, or two or more properties, that are typically on dry land. And despite what some may say, all properties in…
Checking your flood zone
Did you know you can check your flood zone by simply entering your address on FEMA’s website? Click here to visit FEMA’s Flood Map Service Center (MSC) website, enter your information, and see your current flood map and zone. This is a wonderful tool for individuals to gain access to the knowledge they need to help protect…
Kiwanis of Gulf Shores 2014 Casino Night
Join the SSIA Family at Kiwanis of Gulf Shores 2014 Casino Night on Saturday, August 23. We are proud sponsors of the dice game… and the chance at a $50,000 cash prize! Contestants can purchase rolls for $10. Roll the seven dice to spell K-I-W-A-N-I-S and win! When: Saturday, August 23, 2014 – 6:00 pm…
Who is Writing Coastal Insurance?
SSIA is proud to write coverage through Frontline Insurance along with many other fantastic carriers who offer avariety of insurance options to our coastal community – these policies include Homeowners (HO-3), High Value Home Insurance, Condo Insurance, Dwelling Fire (DP-3) and Flood Insurance. Understanding who is writing homeowner and flood insurance…
CCA 15th Annual Beach Party
SSIA is proud to be a sponsor for the 15th Annual Coastal Conservation Association – AlabamaBeach Party on Friday, August 15th. The event will be held at Caribe Resort, from 6:00 pm – 10:00 pm. Live Music by Lee Yankee, and great food and drinks. The best part is that each ticket purchased includes a…
White House signs Homeowner Flood Insurance Affordability Act
Information courtesy of Selective Insurance, photos courtesy of AL.com President Obama Signs the Homeowner Flood Insurance Affordability Act of 2014 On Friday, March 21st, HR3370, also known as the Homeowner Flood Insurance Affordability Act of 2014 was signed and approved by President Obama. This bill introduces changes to the NFIP (National Flood Insurance Program)…