Louisiana Residents Drop Flood Insurance, Now Regret It

Neighborhood flooded by storms

Louisiana Residents Drop Flood Insurance, Now Regret It

Flood Insurance is necessary.
Flood Insurance

Several Northern Louisiana Homeowners were notified by their mortgage companies that they were no longer required to buy flood insurance. The requirement was dropped after the Federal Emergency Management Agency (FEMA) accepted revisions to the area’s floodplain map, based in part on a developer’s work to add fill dirt to raise the subdivision.

When the March storms came, nobody expected such catastrophic damage. In one subdivision deemed to be on higher ground, 23 homes were overtaken by flood waters. A majority of the homeowners had recently dropped their insurance, as directed by their mortgage companies.

“We wanted to provide that flood map so that those folks wouldn’t have to have high-dollar flood insurance,” Police Juror Walt Caldwell told The News-Star.

FEMA released a statement stating that homeowners of previously damaged homes that suffered additional damage during the storms should file a supplemental report.

Statewide, the March storms caused $20 million damage to roads and bridges.

When thinking about making changes to your homeowner’s insurance plan be sure to contact an agent at AWS Insurance today so you don’t face the same problems as listed above.

For the original story click here.

No Comments

Post A Comment

Melinda Martin

Account Executive

Melinda began her insurance career in 1985 with Alexander & Alexander where she received her Property & Casualty and Life & Health license. Since then she has worked at various agencies in the New Orleans area and in California as a senior account manager for Employee Benefit Plans.  While in California, she was also the Membership Director for the Burbank Chamber of Commerce. Melinda joined the AWS team in July of 2015.

Michael A. Seeling

Vice President

Graduated from the University of Louisiana at Lafayette with a B.A. in Insurance Risk Management and is a graduate of Archbishop Rummel High School in New Orleans. He joined AWS in October of 2008 and has been awarded the Patient Protection and Affordable Care Act Certification (PPACA). Additionally, he is working towards his Certified Insurance Counselor (CIC), Registered Health Underwriter (RHU), and Registered Employee Benefits Consultant (REBC) designations. He is also a member of the National Association of Health Underwriters (NAHU), National Association of Insurance Financial Advisors (NAIFA), and is an active member of the Fore!Kids foundation.

Black Friday

Don’t miss out on our biggest sale of the year. Get 70% OFF on our selected products.