SitusAMC: Insurance Premium Hikes Coming As Natural Disasters Intensify

SitusAMC: Insurance Premium Hikes Coming As Natural Disasters Intensify

ByTMN Editor Reading Time: 2 minutes

Both homeowners and lenders may be underestimating the rising cost of insurance following a growing number of natural disasters, according to a SitusAMC white paper titled “Weathering the Storm: Burgeoning Insurance Costs for Real Estate.” The paper found that natural disasters have impacted residential property nationwide, not just in areas with highly publicized disasters such…

FHA Proposes Allowing Private Flood Insurance

FHA Proposes Allowing Private Flood Insurance

ByTMN Editor Reading Time: 1 minute

The Federal Housing Administration on Tuesday proposed allowing a private flood insurance option instead of insurance through the National Flood Insurance Program when flood insurance is required by FHA. The rule would allow lenders to accept private flood insurance policies for single family insured loans for homes located in Federal Emergency Management Agency-designated Special Flood…

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