It sure would be helpful, if the education of the agents included the proper and exact explanation of what the flood policy does and does NOT cover.
What is not needed is another fiassco such as what is happening now with the current NFIP serving agent, who are in the midst of re-examining the claims from “Isabel”.
Just imagine the problems that the insured will face with a major event (predicted) that would creat 100,000 flood losses.
The changes that are necessary may come too late to prevent this, but any step toward revamoing the program will be helpful.
If you live in North Carolina, Department of Insurance is requiring Agents and Adjusters to take a Flood course to understand what is and isn’t covered. Hopefully, that will alleviate some of the fiasco from Floyd and Isabel. Let’s keep our fingers crossed that we won;t have as active a storm season as they are predicting!
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It sure would be helpful, if the education of the agents included the proper and exact explanation of what the flood policy does and does NOT cover.
What is not needed is another fiassco such as what is happening now with the current NFIP serving agent, who are in the midst of re-examining the claims from “Isabel”.
Just imagine the problems that the insured will face with a major event (predicted) that would creat 100,000 flood losses.
The changes that are necessary may come too late to prevent this, but any step toward revamoing the program will be helpful.
“The voice of experience has spoken”
If you live in North Carolina, Department of Insurance is requiring Agents and Adjusters to take a Flood course to understand what is and isn’t covered. Hopefully, that will alleviate some of the fiasco from Floyd and Isabel. Let’s keep our fingers crossed that we won;t have as active a storm season as they are predicting!