The end of the article says the flood zone was A and so they didn\’t have flood insurance. I\’ve written flood policies in zone A before. But if their problem is the zone they should be looking at FEMA, not the insurance company. FEMA engineers determine the zone and not the insurance company.
Sorry, but when I wrote flood insurance in Florida (and we wrote a lot of it) it was my understanding that if even little one corner of a building was in a flood zone, the entire building had to be considered in a flood zone, and rated as such. My kid sure won\’t be going to that school for an \’edu-ma-cation!\’
I have had the same experience with Flood Zones. Furthermore, if the buildings are in a Flood Zone A, aren\’t they required to obtain flood coverage through the program? Communities must maintain a certain participation level to qualify, correct?
If the school was properly insuring the Flood Zone buildings through the NFIP, they would not be asking Travelers to cover them!
Folks, as a school underwriter, it is quite normal for school policies to be manuscripted to cover flood in \”non-hazerdous\” zones. I am quite sure the school would be sophisticated enough to add this to their property form. It is evident that Travelers threw this peril in there for \”free\” and is now unhappy about it. Guaranteed.
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The end of the article says the flood zone was A and so they didn\’t have flood insurance. I\’ve written flood policies in zone A before. But if their problem is the zone they should be looking at FEMA, not the insurance company. FEMA engineers determine the zone and not the insurance company.
Sorry, but when I wrote flood insurance in Florida (and we wrote a lot of it) it was my understanding that if even little one corner of a building was in a flood zone, the entire building had to be considered in a flood zone, and rated as such. My kid sure won\’t be going to that school for an \’edu-ma-cation!\’
I have had the same experience with Flood Zones. Furthermore, if the buildings are in a Flood Zone A, aren\’t they required to obtain flood coverage through the program? Communities must maintain a certain participation level to qualify, correct?
If the school was properly insuring the Flood Zone buildings through the NFIP, they would not be asking Travelers to cover them!
Folks, as a school underwriter, it is quite normal for school policies to be manuscripted to cover flood in \”non-hazerdous\” zones. I am quite sure the school would be sophisticated enough to add this to their property form. It is evident that Travelers threw this peril in there for \”free\” and is now unhappy about it. Guaranteed.