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…
Flood Insurance Articles
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...
Flood Insurance: Expect the unexpected with both a policy and plan
Amidst historic flooding in California from the Atmospheric River, Coastal CEO David W. Clausen joined the team at Fox Weather to offer critical tips to homeowners on flood insurance and what homeowners should do before and after the flooding. KEY Takeaways...
Neptune Flood Insurance (Private) vs. FEMA’s National Flood Insurance Program (Public)
When most people think of flood insurance, they think of the National Flood Insurance Program (NFIP) offered by the Federal Emergency Management Agency (FEMA). However, there is another option - private flood insurance. Private flood insurance is offered by insurance...
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
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
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
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
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...