Better Flood


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 plays in providing flood insurance.

And if you’re looking to buy flood insurance, you may be wondering which option is right for you.

Here’s a look at the key differences between these two types of providers and what they can offer buyers.

One of the primary advantages of the National Flood Insurance Program (NFIP) is that the United States government backs it.

The United States government backs the NFIP.

That means that even if it runs out of money (which it has multiple times), people in the US (aka taxpayers) are forced to help pay for the program’s mismanagement.

This has happened multiple times since 2005.

NFIP is flood insurance of last resort, but it will cost you.

Regarding flood insurance, the NFIP has had a monopoly for over 50 years.

So they have a lot of data on your property’s risk of flooding. (That is if they can find it.)

They also have a history on your property’s past flood again if it is correct.

The NFIP helps pay for floods, but if your home has had an expensive claim or been flooded more than once, it can cost a lot of money.

But the NFIP will still cover you, but they might just charge a lot.

Is the NFIP max of $250,000 for building coverage enough?

Coverage is available in more than 20,000 communities across the United States and can provide up to $250,000 of building coverage per policyholder and $100,000 of personal property coverage.

For those concerned about natural disasters, NFIP coverage is there to give you a sense of financial security – up to $250,000 in building coverage per policyholder!

But be warned: for many cases, the NFIP might not cut it.

Sure, when that next disastrous flood comes rolling around it’s still better than nothing and can somewhat help you bounce back, but would you really want to risk replacing your beloved property with anything less?

If you’re looking for peace of mind, turn to private flood writers, who take flood insurance coverage one step further by offering higher limits while still remaining affordable.

NFIP insurance might be enough for a few properties –but it pays to have the extra protection just in case.

NFIP premiums are going up, that is guaranteed.

Of course, you know that rising sea levels due to climate change would come with rising costs – but did you know that the National Flood Insurance Program (NFIP) is about to make it more expensive to insure your property?

Risk rating 2.0 means every policy within the NFIP will now increase by 16% until your property reaches what the NFIP defines as “full rate risk”, and while you may never understand why they made such an illogical decision, one thing is for sure – expect rising costs of flood insurance premiums if you’re in this program!

Remember how I said the program is in debt?

Well, the treasury does want its money back (even though it wrote many billions off to make the NFIP program appears more favorable to congress).

One of the strategies that the NFIP has to pay back its debt is to raise its premiums which will affect you.

NFIP hasn’t told you the whole truth about your real flood risk.

It’s no surprise that so many NFIP flood maps are obsolete – they are, after all, based on information up to forty years old!

This is especially concerning given the rapid changes climate change and development have brought to our environment; this means NFIP flood maps don’t reflect actual risk, leading homeowners and business owners to forgo buying flood insurance.

If they had a flood nerd shop their options could choose private flood writers for their security and at an affordable price.

NFIP will not be fixed by doing what they have done for over 50 years.

They have overcharged half of the policy owners (usually in lower-income communities) and undercharged the other half (usually beachfront properties and second or third homes for its owners).

Private flood insurance has long been proposed as the ultimate solution to resolve the flaws in the National Flood Insurance Program (NFIP).

Operational reforms and minor changes with the program can’t remedy a program that was designed to be financially unsound.

Private flood will provide buyers with advantages regular NFIP insurance policies do not offer, such as more coverage options, better customization, and lower cost of premiums – making it the perfect choice for customers looking for peace of mind when it comes to their property and finances.

Private companies can respond quickly to new challenges or different needs in the market so buyers can feel sure that they are getting an optimal policy for their particular situation.

The National Flood Insurance Program (NFIP) is a program designed to provide financial security to those at risk of natural disasters, offering up to $250,000 in building coverage per policyholder. However, this protection may not be enough for some cases, and the premiums are set to rise due to the NFIP being in debt.

Additionally, private flood insurance options can be much more affordable, offer broader coverages and give you peace of mind.

Scroll to Top


Enter to Win the Ultimate Emergency Preparedness Radio!

  1. Shop Your Flood Coverage: Provide us with the opportunity to shop for your flood insurance coverage.
  2. Get a Free Quote: Receive a personalized flood insurance quote.
  3. Automatic Entry: Once you confirm you have receive your quote, you’ll be automatically entered into our drawing.
Promotion Emergency Radio

About the Prize:

Ultimate Emergency Preparedness Radio:

  • Hand Crank and Solar Powered: Never worry about running out of battery with multiple power sources.
  • 2000mAh Power Bank: Keep your phone charged during emergencies.
  • AM/FM/NOAA Weather Radio: Stay informed with up-to-date weather alerts.
  • 3 LED Flashlight: Illuminate your surroundings in low-light conditions.
  • Compact and Portable: Perfect for camping, survival kits, and emergency preparedness.


Why Shop Your Flood Coverage with Us?

  • Expert Guidance: Our Flood Nerds are here to help you find the best coverage at the most affordable rates.
  • Free Services: Take advantage of our complimentary flood zone determination.
  • No Obligation: Getting a quote doesn’t commit you to purchase.

Terms and Conditions:

  • The promotion runs from 7/1/2024 to 7/30/2024.

  • One entry per household.

  • Property must require flood insurance and or you must intend to purchase a policy.

  • The winner will be selected randomly and notified via email.

  • No need to purchase from us to win.