Question 1

How do I get a policy?

Accepted Answer

Easy! Simply visit our quote page for a private flood insurance quote. Enter your address and foundation type to discover your new low rate.  You can choose your coverage options and find a flood policy that meets your needs. If you like your rate, complete the remainder of the flood application, make your online payment, and a copy of your new flood policy will be emailed to you. This process usually takes less than 5 minutes. If you're looking for an NFIP policy quote, give us a call at 866-503-5663.

Question 2

Can you bill my mortgage company?

Accepted Answer

Yes. However, similar to the NFIP, the first year's premium must be paid at the time of policy creation. Upon renewal, we can bill your mortgage company so that subsequent  premium payments are funded directly from your escrow.

Question 3

What is the waiting period for the policy to be in effect?

Accepted Answer

Both the National Flood Insurance Program (NFIP) and the private insurance market have waiting periods in place. NFIP policyholders must wait 30 days for their policy to take effect, while private market waiting periods can be as short as 10 to 15 days, providing peace of mind in half the time.

Question 4

I have a force placed flood insurance policy! How do I get rid of it?

Accepted Answer

That's a great question! You'll need to show your lender proof of replacement coverage. Watch our video, or check out our blog post to learn more: https://www.floodprice.com/post/how-to-deal-with-force-placed-flood-insurance.

Question 5

I am currently an NFIP customer and want a private flood policy. How do I cancel my NFIP policy?

Accepted Answer

Contact us 60 days before the renewal of your policy, and we'll walk you through it! 866-503-5663

Question 6

What is covered by a policy at FloodPrice.com?

Accepted Answer

The two basic elements of a flood insurance policy are the structure (the building itself), and the contents (the things inside of the building). We offer Private Flood and NFIP options. For a comparison, visit: https://www.floodprice.com/nfip-vs-private-flood-insurance

Question 7

If I have a rental property that does not have a mortgage, do I need flood insurance?

Accepted Answer

The lender is the one that requires you to carry flood insurance if you are in a "mandatory" flood zone. If there is no mortgage, then there is no one that requires you to carry it. However, if you are in a flood zone (if you're unsure, you can use our tool here to find out: https://www.floodprice.com/fema-flood-zone-map) we would recommend you get flood insurance regardless. If your home were to flood, and you are not insured, you would be on the hook to pay for all repairs out of your own pocket. For more information: https://www.floodprice.com/post/how-much-flood-insurance-coverage-do-i-really-need

Question 8

How do I file a claim?

Accepted Answer

Since we offer private flood insurance policies and policies through the NFIP, claim filing may be slightly different depending on your policy. The best thing to do is to give us a call at 866-503-5663.

Question 9

I don't understand the FEMA flood zone map or if I'm required to get flood insurance?

Accepted Answer

Use our FEMA flood zone lookup tool (https://www.floodprice.com/fema-flood-zone-map) to figure out if you are in a flood zone. Certain zones require flood insurance, and others do not. We still recommend getting flood insurance, even if it's not required. We have a post here breaking down the different flood zones and what they mean (https://www.floodprice.com/post/understanding-the-fema-flood-zone-map).

Question 10

Can independent agents write for this program or is it only available to the consumer directly?

Accepted Answer

We often work on a referral basis for independent insurance agents. If you don't specialize in flood, we recommend letting us handle it for you! We only offer flood and earthquake, so you won’t have to worry about us quoting other lines of business you may offer. If you plan on making flood insurance a big part of your portfolio and want to earn commission, we recommend becoming a producer for this company: https://www.catcoverage.com

Question 11

Am I in a Flood Zone?

Accepted Answer

Enter your address into our flood zone map to determine if you're in a flood zone: https://www.floodprice.com/fema-flood-zone-map

Flood Insurance FAQs

Frequently asked questions

How do I pay for my policy?

Why is FloodPrice's quote lower than others?

How do I get a flood insurance policy?

Can you bill my mortgage company?

What is the waiting period for the policy to be in effect?

I have a force placed flood insurance policy! How do I get rid of it?

I am currently an NFIP customer and want a private flood policy. How do I cancel my NFIP policy?