Why work with a non-NFIP flood insurance company?
Updated: 7 days ago
Flood insurance is critical for consumers – particularly during hurricane season. Experts forecast an active season this year, potentially increasing flood risks for homes and businesses across the country. For many consumers, buying flood insurance means going through the National Flood Insurance Program (NFIP). However, a non-NFIP flood insurance company in the private flood insurance market may better fit the needs and circumstances of many homeowners.
Today, there is still a surprising number of people that are not aware that quality, reliable private flood insurance even exists. The NFIP's flood insurance rates and coverages may not be adequate for all homeowners; in some cases, homeowners may pay too much for too little coverage. By working with a non-NFIP flood insurance company in the private insurance market, consumers can secure affordable, comprehensive coverage to protect their homes from the peril of flood.
Private flood insurance policies can offer a number of benefits, such as competitive rates, additional coverage options and hands-on customer service. Many private flood insurers also offer higher coverage limits, and some do not require elevation certificates, which may help cut costs for homeowners and save them time.
Working with a private flood insurance company provides consumers with convenient and cost-effective flood insurance options. That said, shop around - if you are purchasing a flood insurance policy, compare the NFIP to private insurance available through providers like FloodPrice.