National flood insurance is critical to PA

National flood insurance is critical to PA
Reauthorizing the National Flood Insurance Program, also known as the NFIP, is one of the top priorities for the National Association of Realtors® this year. PAR President Kathy McQuilkin said the NFIP is particularly important to Pennsylvania homeowners. “Pennsylvania is 12th in the U.S. with the number of NFIP policies, however, we’re fifth in the nation in the number of flood claims filed. In fact, between 2006 and 2014, flood claims were filed in 66 of our 67 counties.” The Pennsylvania Department of Insurance began to look closely at flood insurance when the previous reauthorization raised rates and people found themselves in danger of losing their homes because they couldn’t afford flood insurance, according to David Buono, consumer liaison at the department. That’s when private insurance options started to enter the market in Pennsylvania and the department created a new website to help consumers find private flood insurance that may provide options in areas that are less prone to flooding.
Source: PARJustListed; 6/14/2017

Courtesy of:

Steve Sisman
CSP, e-Pro, REALTOR,

Designated Short Sale and Foreclosure Resource,

Certified Short Sale Master Default Intermediary,

Certified Real Estate Divorce Specialist,

Associate Leadership Counsel Alumnus,

a member of the Delaware County Chamber of Commerce,

a member of the Delaware Small Business Chamber,

 
VP of the “Little Shul” (CYSEI)
Viet Nam Vetran

PA Lic# RS218928L DE Lic# RS-0016238

Weichert

610.565.1300 main PA
302.992.9500 main DE
610.357.6101 preferred
606 E. Baltimore Pike, Media, PA 19063 * 610.565.4599 fax (PA)
4760 Limestone Road, Wilmington, DE 19808 * 302.992.9815 fax (DE)
steve@stevesisman.com * www.SteveSisman.com
A caring professional…
Oh and by the way, I’m never too busy for your referrals!
*If your property is currently listed; or, you are currently contracted with a licensed real estate professional, this IS NOT intended as a solicitation*
 
**E-mails sent or received shall neither constitute acceptance of conducting transactions via electronic means nor create a binding contract until and unless a written contract is signed by the parties**
 
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