New York Flood Insurance Notification Rules Change at Month’s End

New York home insurers must begin sending annual flood notices to their clients at the end of this month, part of a rules changes that goes into effect Aug 31.

The New York Insurace Department has begun sending a circular letter to insurance companies, reminding them of the change.

The notice must be pre-approved by the department, and must describe any exclusions for flood and mudslide coverages.

“Recent natural disasters and changing weather patterns show that flood prone areas and even geographical regions not usually associated with floods can be besieged by flood waters,” according to the “Nearly 95 percent of all communities in New York State have qualified to participate in the National Flood Insurance Program, making homeowners residing in these participating communities eligible to purchase federal flood insurance.”

The letter is available here.

Source: New York Insurance Department