Author name: betterflo

Private Flood Insurance Are you a property or business owner considering flood insurance but must decide whether to sign up for a policy from the National Flood Insurance Program (NFIP) or explore private flood insurance coverage options?  We’ve got good news; as former FEMA/NFIP leader W. Craig Fugate once said, “Flood insurance is not one size fits all… […]

The advantages and disadvantages of the National Flood Insurance Program (NFIP) Advantages of NFIP: NFIP policy vs private flood insurance NFIP has a bailout plan (it costs all of us). Do you know the difference between the NFIP and private flood writers? If you’re a property owner, it’s important to understand the distinct roles each

How much does flood insurance cost in the United States annually? The cost of flood insurance in the United States depends upon several factors, including location, flood risk, and coverage level. On average, across the country, flood insurance costs around $500 – $1,500 per year for standard coverage. Location can cause this to rise significantly-

Can you get flood insurance if you are not in a floodplain? One of the most misunderstood ideas about flood insurance is that you can only get flood insurance if you are in a high-risk flood zone. But you can and should consider getting flood insurance even if your lender doesn’t require it. If your

Can you get flood insurance? https://dta0yqvfnusiq.cloudfront.net/betterflood/2022/07/Can-you-get-flood-insurance-630e68c9f0a96.mp4 Can you get flood insurance? The answer for 99% of you is yes. We can shop for your flood insurance on your area’s NFIP and the private flood insurance market. Or you can use a Flood Nerd’s knowledge to do the shopping for you here. There are some acceptions specifically

If you have a flood insurance policy through the National Flood Insurance Program (NFIP), you are used to paying all sorts of fees in addition to your premium. FEMA is making sweeping changes to the NFIP, but they aren’t sweeping away fees and surcharges. Fees for Flood Insurance Each policy issued by the NFIP comes

Like floodwaters crashing down the hillside or turning a dry creek bed into a raging river, FEMA 2.0 will completely wipe away certain flood policies and programs that are a part of the National Flood Insurance Program. What does this mean for you? Well, if you aren’t affected, it means nothing (except as a taxpayer, your money

It’s been a long time coming, but reform to the National Flood Insurance Program (NFIP) is on the way. It looks like the government is following the lead of private flood insurers and making some changes to the way they rate flood policies. That’s a good thing. The existing NFIP is broken and broke. It

Olé at Lely Resort Condo Association (LOMA) Dialogue with Flood Nerd about Low-risk flood zone vs High-risk flood zone Hello, Doris, thanks for letting us look at your property what an honor.  Beautiful condo community It is looking like you are shopping to replace an existing condo unit policy that is written with the NFIP