However, as you have seen in your state there are few private flood insurance option (Superior Flood being one) but they have pulled out or scaled back.
We have many private flood Insurance options and many Lloyds of London flood Insurance options nationwide and we shop all options for any given property.
Kentucky is a tricky state for private flood insurance and I think that this is because the tax code for KY is not standard with the rest of the country, because of this I haven’t seen many private flood insurance options brave enough to enter KY (YET).
I do expect them to soon.
That being said the only option I am seeing is the NFIP option and that is what is driving the premium for the option we found you.
It was good to speak with you. Here are the options we discussed. I adjusted the option to $77,000 of building coverage only (no contents coverage).
If we do a $5K deductible then the premium would be $835.00 annually
If we do a $10K deductible (lender would have to approve) premium would be $712
If we get an Elevation certificate (EC) that show the property as higher then the BFE then our premium could be $529.
I did look at your property an in regards to your son’s property and its relationship to the flood zone also called (BFE)
1) you can get a surveyor out to give you an Elevation certificate. I can order it for you or you can google search for your area and elevation certificate. If I order for you I am seeing the cost of $749.
I do think an Elevation Certificate would help your property with the rating. But want to see if we can get ideas on the rating.
If you have a smartphone go to your lower area and ask it if Apple (hey seri what is my elevation) if Google (Hey Alexia,…). or just type into your phone what is my current elevation.