Flood Insurance Articles

The COMPLETE Guide to Private Flood Insurance

The COMPLETE Guide to Private Flood Insurance

When considering flood insurance, many people first think of the National Flood Insurance Program (NFIP) offered by the Federal Emergency Management Agency (FEMA). However, there is another option – private flood insurance. With innovative and data driven approaches to rating, private flood insurance…

Why You Need Excess Flood Insurance: Protect Your Legacy

Why You Need Excess Flood Insurance: Protect Your Legacy

Flood insurance is a must-have coverage in many areas, but some insured homes might not have enough protection. That’s where excess flood insurance comes into the picture. What is excess flood insurance and who needs it? Let’s explore the details. What is Excess Flood...

National Flood Insurance Rate Changes for 2022

National Flood Insurance Rate Changes for 2022

The flood insurance market saw significant changes in 2021, with the two-phase rollout of Risk Rating 2.0 from the National Flood Insurance Program (NFIP) setting the stage for flood insurance rates in 2022. Most homeowners who carry flood coverage insure for flood...

NFIP Flood Risk Rating 2.0 – What it Means for You

NFIP Flood Risk Rating 2.0 – What it Means for You

4 min read. September, 29, 2021 – by David Clausen Although several new private market flood insurers have entered the market in recent years, FEMA’s National Flood Insurance Program (NFIP) still serves as the base policy for most homes insured for flooding. The...

National Flood Insurance Rate Changes for 2021

National Flood Insurance Rate Changes for 2021

Flood insurance rates are increasing soon for some homeowners, but there’s still time to act. Many homeowners carry flood insurance through the National Flood Insurance Program (NFIP). But private market insurers now offer an attractive choice when buying flood...

5 Best Private Flood Insurance Companies

5 Best Private Flood Insurance Companies

Many homeowners overlook flood insurance or opt not to include it in home insurance package. Yet, the National Flood Insurance Program (NFIP) annually settles around 25% of its claims from properties considered to be in low-risk zones. Given the unpredictability of...

Flood Insurance Rules and Changes for 2020

Flood Insurance Rules and Changes for 2020

FEMA’s new rules for 2020 still provide consumers with more freedom to manage their coverage and choose their preferred provider for flood insurance. A number of new changes accompany an increase in the average cost of flood insurance for consumers covered through the...