Flood Insurance Changes: What You Need To Know With Lisa Hast

In this episode of Power Women In Insurance, Teresa Kitchens sits down with Lisa Hast, Agency Principal at Iron Rock Insurance. Lisa talks about the new flood insurance rates and what to expect beginning October 1st. Episode Highlights: Lisa shares her background story. (1:25) Lisa discusses what's going on in the flood insurance industry that we need to know about. (2:43) What will the flood insurance policy be like in the future and how will premiums be affected? (3:55) Are there any alternative options Lisa can think of for people to avoid these flood challenges? (6:52) Is there a difference between private flood and FEMA-oriented flood programs in terms of what lenders will accept? (14:13) Lisa discusses what they've done to get the information out about the flood insurance updates. (18:20) What advice can Lisa provide to members of her community team? (20:04) Does Lisa have any idea what the process is to get somebody grandfathered in? (21:48) Key Quotes: “I can tell you, as long as we have the ability to be able to put the homeowners and the flood together under one carrier, the new stuff will be okay, because a lot of these carriers will do the home insurance with a flood insurance endorsement on them.” - Lisa Hast “So we're just trying to get the message out to the realtors, to the consumers, you know, to our county commissioners, to our governor, or to our state representatives that we need some help.” - Lisa Hast “Property in Florida overall is hard. Now, flood is going to be hard....People are not going to be able to afford to purchase a home.” - Lisa Hast Resources Mentioned: Lisa Hast Iron Rock Insurance Contact Teresa Kitchens Sterling Insurance Group