Search results
Results from the WOW.Com Content Network
Renters do have the option of applying for FEMA's National Flood Insurance program. This flood insurance is a separate policy that covers a building, its contents, or both.
Not all expenses are recoverable, those that directly benefit only the landlord are generally not included. For instance, spending on advertising to attract new tenants does not directly benefit existing tenants, and thus is not generally included as a recoverable item. The calculation of a given tenant's share of an expense can be complex.
Flood insurance is not part of a standard homeowners policy, and those with flood insurance will need to file flood claims separately. Here is the process and steps to follow as you start your ...
To qualify, the loss must not be compensated by insurance and it must be sustained during the taxable year. If the loss is a casualty or theft of personal property of the taxpayer, the loss must result from an event that is identifiable, damaging, and sudden, unexpected, and unusual in nature, not gradual and progressive.
Until Florida’s House Bill 1049 goes into effect, it’s a good idea to get a clear yes or no regarding past claims from the seller on the disclosure form before purchasing a home in a high-risk ...
The law "ordered FEMA to stop subsidizing flood insurance for second homes and businesses, and for properties that had been swamped multiple times." [6] These changes were to occur gradually over the course of five years. FEMA was also instructed to do a study on the affordability of this process, a study which it has failed to complete. [6]
Flooding resulting from Hurricane Katrina. Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. [2] Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.
Flood insurance is not part of a standard homeowners policy, and those with flood insurance will need to file flood claims separately. Here is the process and steps to follow as you start your ...