AFR Services

Business Owners, Don’t Wait Until It’s Too Late! ????? Most businesses don’t realize NFIP flood insurance alone isn’t enough—and by the time they do, it’s too late. ?? Here’s how agents can help their clients stay protected: ?? Excess Coverage bridges the financial gap when rebuilding costs exceed NFIP’s $500K cap ?? Business Income Insurance covers lost revenue, fixed expenses, and payroll during downtime ?? Customizable policies ensure businesses can recover faster and reopen sooner Without these critical coverages, businesses face devastating financial gaps. Don’t let your clients be caught off guard! ?? Get a competitive quote with AFR Insurance Services today or save the link for later. ?? https://hubs.ly/Q03bvhp20 #FloodPreparedness #BusinessContinuity #ExcessCoverage #FloodRiskManagement

Concerned about the future of FEMA with a looming government shutdown? Our compliance experts have gathered all the information you need to know about operating should FEMA and the NFIP suspend operations. Read our blog for all the details: https://hubs.ly/Q03bvhfz0

Flood Insurance Update for NY Lenders ?? New York Senate Bill S2670 updates Assembly Bill A5073, making minor adjustments to flood insurance guidelines for lenders. ?? Key Updates: ? Clarification on coverage limits - Lenders cannot require flood insurance above the lesser of the loan balance or property’s replacement cost value. ? A revised borrower disclosure reminding homeowners they may need additional coverage for full protection Read our full breakdown here: https://hubs.ly/Q03bjNd50 #FloodInsurance #NYLegislation #HomeownersRights

NFIP vs. Private Flood Insurance – What’s Right for Your Clients? ?? Flood insurance premiums are surging, leaving many property owners with sticker shock. But did you know there are alternatives to NFIP coverage? AFR Services gives agents access to private flood insurance markets with: ?? Competitive rates ?? ?? Expanded coverage options ?? ?? Flexible policies tailored to client needs ?? Don’t settle for NFIP’s one-size-fits-all approach. Explore better flood insurance solutions with AFR today! https://lnkd.in/gxBs5CgE #FloodRisk #InsuranceSolutions #PrivateFloodCoverage #AFRServices

?? Did you know? Over 300,000 structures were affected by storms and floods during the 2024 hurricane season—200,000 of them are estimated to be uninsured. Lenders, don’t let your portfolio be part of this statistic. Managing insurance risk starts with adequate coverage at origination and robust tracking systems. ?? Learn how to reduce financial risk and ensure compliance: https://lnkd.in/gBV7VWPN #InsuranceRisk #FloodInsurance #LenderProtection #RiskManagement

Don’t Let Insurance Tracking Become a Liability! ?? Lenders – Are you unknowingly increasing risk? Many insurance tracking programs prioritize force-placed insurance—leading to borrower dissatisfaction & compliance issues. AFR Services does things differently! ? First and foremost, we track insurance ? We minimize force-placed insurance use ? We keep lenders compliant & in control Find out how AFR helps lenders strike the right balance. https://hubs.ly/Q0376KMW0 #LenderCompliance #RiskMitigation #ForcePlacedInsurance #AFRServices

?? Lenders – Are you relying on flood determinations that could be inaccurate? With flooding on the rise and compliance scrutiny increasing, many flood vendors over-automate their research, leading to errors and poor customer service. ?? AFR does it differently. We combine cutting-edge technology with Certified Floodplain Managers & expert researchers to ensure: ? Consistently accurate flood determinations ? Quick issue resolution & dedicated customer support ? Reliable compliance guidance for lenders Don’t risk unreliable determinations. Partner with AFR for accuracy & speed. Learn more: https://lnkd.in/gYAscuS3 #FloodCompliance #RiskManagement #LenderSolutions #AFRServices

The $500K Problem: Why NFIP Coverage Isn’t Enough ?? ?? 2024 flood losses for the NFIP alone exceed $10 billion – and rebuilding costs are soaring. Yet, NFIP policies cap coverage at $500,000 for buildings and $500,000 for contents—often far less than what’s needed for full recovery. ?? What’s the solution? Excess Coverage & Business Income Insurance ?? ? Covers high-value properties beyond NFIP limits ? Helps businesses stay afloat during closures ? Covers fixed expenses like rent & payroll Protect your business before the next flood hits! Learn more: https://hubs.ly/Q038c01S0 #FloodInsurance #BusinessProtection #RiskManagement #NFIPLimits

?? Case Study: AFR Insurance Services assisted an agent reduce their client's annual flood insurance premium from $110,000 to under $70,000 by identifying a discrepancy in the number of floors listed on their policy. Why Partner with AFR? ?? Expertise: Over 30 years of experience in flood insurance ?? Personalized Service: Hands-on approach to understanding client needs ?? Broad Market Access: Extensive network of private flood markets Join AFR today and deliver outstanding service to your clients! Get appointed now https://lnkd.in/gZV9N-GD #InsuranceAgents #ClientSavings #FloodInsurance #AFRServices

AFR Services is Tracking A5073—Are You? New York’s flood insurance law A5073 is in effect, but enforcement is on hold as regulatory guidance is pending. ?? Key takeaways: ?? Conflicts exist between A5073 and federal flood insurance regulations ?? Lenders must update loan documents & disclosures ?? Future amendments may significantly alter the law At AFR Services, we’re closely monitoring compliance challenges and legislative updates to keep you ahead of the curve. Subscribe to our blog for the latest insights! https://hubs.ly/Q0376Mth0 #FloodInsurance #A5073 #RegulatoryUpdate #AFRServices