Absolute Insurance & Financial, LLC Blog
View the latest blog posts from Absolute Insurance & Financial, LLC.
Saturday, May 30, 2020Grace Period Update: FEMA and its National Flood Insurance Program (NFIP) for policyholders during this unprecedented time. The grace period for flood insurance renewal has been extended from 30 days to 120 days to help policyholders ahead of potential floods this spring and during hurricane season. READ MORE >>
Thursday, February 13, 2020NFIP Flood Update - Rate Changes Effective April 1, 2020: The rates charged for many NFIP flood policies will be increasing per the chart below. As a result, most individual policies will see overall premium increases below the percentages indicated on the chart. The Reserve Fund Assessment is increasing from 15% to 18% READ MORE >>
Tuesday, February 4, 2020The trend began in late spring of 2019 due to reinsurance, CAT losses due to hurricanes and other natural disasters, we see continue into 2020 with rate increases in Florida and most states in the area of 10% up to 25% over prior year. READ MORE >>