Q: Does anyone here care about the current flood insurance coverage system (USA), the contractors burden and process of obtaining the policy, the needed order of procurement papers, zones? elevation certificate? April 1st 2016 NFIP changes? For icebreakers, construction flood insurance changing market news and conversation #floodinsurance.
That’s very interesting, Joe. I am assuming that this change only affects contractors who complete FEMA projects. Does this also affect companies working with local municipalities or governing bodies? And, what about restoration contractors? They are required to hold pollution insurance. Will restoration contractors be required to hold flood insurance as well? And finally, does this vary in locations in the US?