FloodPrice.com – the first consumer flood insurance marketplace
Who We Are: YOUR Flood Insurance Agency
FloodPrice.com is an online platform designed to offer you a simple, convenient, cost-effective online solution for purchasing flood insurance.
Administered by INX Insurance Services, LLC, a pioneer in using technology to deliver consumer solutions, FloodPrice.com is a flood insurance agency created to address a need in the flood insurance marketplace. Simply put, consumers did not have convenient and affordable access to non NFIP flood insurance through the private flood insurance marketplace. FloodPrice.com addresses that void, providing consumers with direct access to the affordable rates and expanded coverage options of dozens of private flood insurance companies.
The Problem: Unfair and incomplete policies
For years, consumers have been steered to purchase national flood insurance services through the National Flood Insurance Program, commonly known as the NFIP. In fact, many consumers still do not know they can buy non NFIP flood insurance from private flood insurance companies.
Unfortunately, that lack of competition has let NFIP rates and coverage options go largely unchecked, resulting in unfair premiums and gaps in insurance coverage — leaving homeowners to suffer.
The Solution: Accessible and affordable coverage
We’ve introduced FloodPrice.com to provide you with an accessible and affordable alternative to purchasing an NFIP policy. We are a flood insurance agency that has combined industry expertise, carrier relationships and the latest technology to bring you the best of what private flood insurance has to offer:
Better coverage options
Superior customer service
Looking for residential flood insurance, commercial flood insurance or excess flood insurance? We’ve got you covered.
Our quoting process is fast, simple and designed to help you obtain the coverage you need! Complete a flood insurance application today or use our online flood insurance cost estimator to get an online quote in about the time it takes to brush your teeth.
How We Save You Money
1. We offer fair rates based on true risk analysis.
Is flood insurance expensive?
We believe it doesn’t have to be.
We think your flood insurance rate should reflect your property's real risk. Our advanced mapping technology analyzes multiple data points specific to your property. This allows us to offer more accurate rates, and prevents you from overpaying for your policy.
The NFIP uses outdated flood maps and generalized historical flood data to calculate premiums, making government policies unnecessarily expensive for too many policyholders. Their oversimplified and outdated methods of risk and premium calculation too often lump properties into overgeneralized categories, assigning some properties to unfair rates that don’t reflect their actual risk exposure.
2. We don't require costly elevation certificates for flood insurance.
You may have heard that you must have an elevation certificate to purchase flood insurance if you are living in a high-risk flood zone. These can run anywhere from $600 to $2,000.
Homeowners looking to purchase flood insurance through FloodPrice.com are not required to produce an elevation certificate for flood insurance — unlike those looking to obtain an NFIP policy. FloodPrice.com technology allows us to evaluate and price most properties within minutes, and eliminates the need for property owners to wait days for an engineer or surveyor to visit a home to create an expensive elevation certificate.
3. You only pay for the risk attached to your property.
Unlike the NFIP, we don't subsidize rates. That means you don't spend more to offset the costs associated with other people’s risky properties.
The NFIP offers non-need-based subsidies to approximately 20 percent of its policyholders. While this would be reasonable if NFIP subsidies were used to support low-income households, they are not.
Nearly 80 percent of households that receive NFIP subsidies – paid for by NFIP policyholders and taxpayers – live in counties that rank among the wealthiest in the United States. In other words, If you aren't lucky enough to be on the receiving end of these subsidies, you are likely being overcharged to benefit those that are.
We Know Flood Insurance
We eat, sleep and breath flood insurance, while most agencies divide their focus among multiple insurance products to sell you all that they can. They sell flood insurance on occasion and only the limited policy options provided by the NFIP.
The team at FloodPrice.com is so passionate about flood insurance that it's all we do. We have the relationships, knowledge and expertise to find you comprehensive coverage and superior customer service at a price you’ll like.
Let us get you a flood insurance premium estimate today or try our flood insurance calculator.