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Natural Disaster Insurance
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The Obama Administration is expected to seek an additional $4.025 billion for the National Flood Insurance Program (NFIP), which currently has borrowed $20.775 billion.
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Losses from Hurricane Sandy are expected to be between $6 billion and $12 billion, more than FEMA's current borrowing capacity of $2.9 billion.
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A recent editorial called for government officials to consider creating a national catastrophe fund to deal with large-scale weather events that can cause extensive damage and expensive reconstruction challenges.
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The downgrade of Hurricane Sandy to a "post-tropical cyclone" by the time it struck the East Coast could potentially save home owners thousands of dollars in home insurance deductibles.
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The Institute of Real Estate Management's new book has some great ideas on how to prepare any building for any disaster in striking range.
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As residents of the East Coast begin to pick up the pieces in the aftermath of Hurricane Sandy, the REALTORS® Relief Foundation is on hand, collecting donations for victims of the storm.
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(Updated August 2012)
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As the National Association of Realtors® Home Ownership Matters bus crosses Missouri this week, a stop in Joplin, Mo., today will underscore Realtors®’ commitment to rebuilding the local community.