FEMA has made some big changes to flood insurance. Mark Rafail of the Rafail INsurance Agency is here to help you understand how those changes affect your flood coverage.

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We're back for another Minute Monday. Folks, today, we're going to talk about how to switch your insurance. Don't overthink it, guys. The first step is call or email us, and we're going to give you proposals. And if it makes sense, you can switch any time. Let's say, for example, you pay monthly and you switch in the middle of the month. Legally you have to get a prorated refund from the carrier. Or if you want to time it, where you switch over when your monthly drafts are, totally fine. But in my opinion, don't wait till the renewal. Because if you have bad insurance and something happens, it wasn't worth the wait. So, appreciate the opportunity to work with you. If you don't have a good relationship with an insurance agent, we'd love to be the guy. Take care, guys.

Hey guys. Welcome back to another Minute Monday. I'm here to talk about FEMA flood insurance 2.0. What does that mean? For the first time in 50 years, FEMA is changing their flood insurance rates. In the past it was pretty black and white. If you're in a high risk flood zone, you got to get a survey, an elevation certificate and your rate can vary based on your elevation. If you were in a low risk zone, then you had a standard rate. It was the same for everybody. The problem was a lot of people in those low risk zones had six feet of water during Harvey so they really weren't low risk. So now FEMA is actually rating every property individually for its own flood insurance rate, which is fair because that's why FEMA is so behind on claims. They were underpaying and paying out a large amount of claims. But my point is we're in Houston, flood insurance is really important. If you don't have a relationship with your insurance agent, give us a shout.

Hey, everyone. Mark Rafail here. Another Minute Monday. Thanks for tuning in. This week, I want to talk about what's the difference between us and those 1-800 number insurance companies and going online. The difference is you're talking to somebody in a different state. It's an employee, and you're the insurance agent. They're asking you, "Well, what do you want?" And then when you go on online, you're plugging what you think is good insurance. Well, I'm here to tell you, having an insurance agent is really valuable, because the one time you get in a real accident, somebody goes to the hospital, and you're on the hook for a couple hundred thousand or millions, if God forbid, somebody passed away. Those 1-800 numbers are going to say, "Here's your check for 30 grand, because you picked the state minimum liability." So I'm here to tell you, give us an opportunity to review your insurance, even if it's not with us. We look forward to hearing from you. Thanks, and tune in next week.