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Old Yesterday, 11:29 AM
 
35 posts, read 10,961 times
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I have ready flood policy from 8/9/19 in docusign the agent told me then that i dont need to wait 30 days its start in same moment the question if ill pay in the company website today and send them the policy number and the recipt ill be covered? The agenct is closed due to the hurricane
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Old Yesterday, 12:19 PM
 
Location: Just south of Denver since 1989
10,947 posts, read 29,575,658 times
Reputation: 7175
Why did you sign a document for coverage and not pay?
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Old Yesterday, 12:27 PM
 
34 posts, read 2,482 times
Reputation: 35
Quote:
Originally Posted by B555 View Post
I have ready flood policy from 8/9/19 in docusign the agent told me then that i dont need to wait 30 days its start in same moment the question if ill pay in the company website today and send them the policy number and the recipt ill be covered? The agenct is closed due to the hurricane
You're going to try and make this make more sense:

Is this for a new home closing?
Is it a private paper or NFIP policy?

If you don't have a policy number, you won't be able to pay the carrier directly. Are you sure it's not already bound and that you haven't paid for it?

If it's unbound, no, you are completely out of luck. Universally, carriers prohibit binding of weather-related catastrophe policies in an area under a current watch or warning.
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Old Yesterday, 04:20 PM
 
54 posts, read 6,495 times
Reputation: 79
Quote:
Originally Posted by B555 View Post
I have ready flood policy from 8/9/19 in docusign the agent told me then that i dont need to wait 30 days its start in same moment the question if ill pay in the company website today and send them the policy number and the recipt ill be covered? The agenct is closed due to the hurricane
Help the house is in fire, I need to bind my homeowners policy! Where do these idiots come from?
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Old Yesterday, 05:28 PM
 
34 posts, read 2,482 times
Reputation: 35
Quote:
Originally Posted by Spokaneinvestor View Post
Help the house is in fire, I need to bind my homeowners policy! Where do these idiots come from?
This had nothing to do or contribute to the original question posed. What value did you seek to find in your response?

Incidentally, the wild misunderstandings about flood, earthquake, etc. coverage is what led to this. Perhaps name calling isn't the best option to take first.
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Old Yesterday, 05:47 PM
 
54 posts, read 6,495 times
Reputation: 79
Quote:
Originally Posted by Skipito View Post
This had nothing to do or contribute to the original question posed. What value did you seek to find in your response?

Incidentally, the wild misunderstandings about flood, earthquake, etc. coverage is what led to this. Perhaps name calling isn't the best option to take first.
See last paragraph of response #3 .. using fire insurance as an analogy.

Last edited by Spokaneinvestor; Yesterday at 05:59 PM..
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Old Yesterday, 05:51 PM
 
4,094 posts, read 1,632,942 times
Reputation: 8094
we cannot understand the exact question asked by this original post.
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Old Yesterday, 05:57 PM
 
940 posts, read 638,162 times
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I think he is trying to ask if he pays for the flood insurance now , can he give his agent the policy number. Flood insurance is thru the federal government normally. Anyway if a hurricane is coming you wont be able to get a policy to cover it. Once its a states hurricane coming to your area no policy can be issued. You will have to wait and pray. Get insurance after this hurricane there is still plenty of time for another hurricane. Hurricane season doesn't end until October.
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Old Today, 12:53 PM
 
34 posts, read 2,482 times
Reputation: 35
Quote:
Originally Posted by cp102 View Post
I think he is trying to ask if he pays for the flood insurance now , can he give his agent the policy number. Flood insurance is thru the federal government normally. Anyway if a hurricane is coming you wont be able to get a policy to cover it. Once its a states hurricane coming to your area no policy can be issued. You will have to wait and pray. Get insurance after this hurricane there is still plenty of time for another hurricane. Hurricane season doesn't end until October.
Again. There is no policy number or way for the insured to make a direct payment to NFIP without an agentís involvement.
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Old Today, 01:45 PM
 
Location: Sarasota/ Bradenton - University Pkwy area
3,288 posts, read 4,690,117 times
Reputation: 2927
Flood insurance does require a 30 day wait period once the policy has been purchased, unless you meet one of the exceptions, such as:

If the initial purchase of flood insurance is in connection with the making, increasing, extending, or renewing of a loan, there is no waiting period. The coverage becomes effective at the time of the loan, provided the application and presentment of premium are made at or prior to loan closing.

If the initial purchase of flood insurance is made during the 13-month period following the revision or update of a Flood Insurance Rate Map for the community, there is a 1-day waiting period.



No clue as to whether the OP criteria meets one of the exceptions. If the OP was merely freaking out over Dorian and looking for instant flood insurance coverage, it's extremely doubtful that would happen as FEMA normally does require the 30 day waiting period for national flood insurance for just that reason.

Perhaps the OP was purchasing private flood insurance? Even that usually has a 10 - 14 day waiting period.
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