Private flood insurance is an alternative flood insurance policy to replace the typical FEMA flood insurance policy written through the National Flood Insurance Program or NFIP for short. NFIP insurance policies have set rates and encompass a whole area whereas Private Flood programs rate the actual risk. If your home is in a flood zone and you have not suffered any flood losses private flood insurance is typically less expensive and offers better coverage.
Private Flood Insurance Is Better
The NFIP was created in 1978 to offer affordable flood insurance coverage to homeowners and businesses located in flood zones. However, in reality, policyholders are seeing disproportionate rate increases every year, insurance rates are no longer reflecting the actual risk especially for homes in California that don’t flood. It’s also important to mention that homeowners insurance policies do not cover floods, home’s can be damaged by flooding anywhere even if your home is not in a flood zone.
What to do.
We have multiple insurance companies wanting to write flood insurance in our state, we may save you hundreds possibly thousands of dollars, please contact us for a free quote in less than 5 minutes will know if we can save you money or not. Private Flood Insurance is available offering better coverage and more insurance options along with very competitive rates that vary depending on the area and risk, premiums can be up to 70% lower.
Does my lender accept Private Flood Insurance?
The most common question we get, does my lender accept the policy? Yes, we have yet to find a lender that doesn’t accept private flood insurance, private flood insurance is simply a flood insurance policy written through an insurance company. Every single flood insurer we represent has an “A” rating or better.
OK, I want a quote!
Please contact our office at 949-450-1822 or e-mail us at firstname.lastname@example.org.