Unfortunately, if you’re currently covered by NFIP, the answer is no—and believe us, we wish it wasn’t this way. Because NFIP is a government-backed program, they set the rules—and one of those rules is that you can only switch at renewal. (Don’t shoot the messenger!)

But here’s what Flood Nerds will do: if we find you a better, lower-priced private option but can’t switch you immediately, we’ll note your renewal date, proactively follow up, and make sure you lock in the savings at that time. You won’t have to lift a finger—we’ll handle everything smoothly when the time comes.

You definitely can—but why would you? Seriously, try it. Run a quick Google search for private flood insurance. You’ll probably land on familiar names like Hartford, State Farm, Farmers, Progressive, or Geico. The problem? They don’t actually offer private flood insurance. Due to agreements signed years ago, they’re locked into selling NFIP policies only—leaving you stuck in the same overpriced cycle.

Beyond that, if you dig deeper, you’ll discover a maze of cheap, flimsy “private” policies that barely cover anything. And the worst part? Most homeowners don’t find out until floodwaters hit their living rooms. We refuse to work with these sub-par options because your home deserves serious coverage.

Easy—we handle this situation regularly. If your lender has already paid for your current policy, we can still switch you into the lower-priced option right away. You may initially pay the first year of your new (lower) policy out-of-pocket, but don’t worry—you’ll quickly get a prorated refund from your previous insurer for the unused premium.

You might need to settle the refunded amount with your lender or deposit it back into your escrow account, but that’s straightforward—and we’re here to help you navigate every step, making it seamless and stress-free.

Absolutely. One cancellation doesn’t disqualify you. The Lloyd’s marketplace has many different underwriters, each with their own criteria. If one Lloyd’s underwriter non-renews or cancels your policy, we’ll simply shop your coverage across our 40+ private carriers—often finding another Lloyd’s underwriter willing to cover your property.

Absolutely. We only work with A-rated, rock-solid insurers who have proven track records of handling and paying claims smoothly. Your peace of mind is our top priority. And the best part? Claims in the private market are usually settled much faster than with NFIP, meaning you’ll get back into your home quicker and with fewer headaches.

If we match your existing premium exactly, that doesn’t qualify for the emergency kit—but you’ll still receive a detailed, free policy audit to clearly understand why your rate is what it is. And here’s the best part: there’s still hope. The Flood Nerds stay on top of every new insurer that enters the market, actively negotiating better coverage and pricing for homeowners just like you. Our underwriters listen closely to us, which means your best deal might still be ahead.

None. Zero. Zip. You either save money or walk away better educated about your flood insurance—knowing exactly why your premium is what it is, and hopeful that Flood Nerds can help you save big, either now or down the road. You have nothing to lose.