Uncategorized Archives - National Flood Insurance

How Risk Rating 2.0 is Changing Flood Insurance Rates

How Risk Rating 2.0 is Changing Flood Insurance RatesFlood insurance has been a misunderstood sector of the insurance industry since long before its creation as a monoline product. Before the creation of the National Flood Insurance Program (NFIP) in 1968, flooding...
The Flood Policy Assumption Process

The Flood Policy Assumption Process

Did you know that National Flood Insurance Program (NFIP) policies can be transferred from one property owner to the next? If you are selling your home let the buyer know that you have an existing NFIP policy that can be transferred to them. This process is called...
Dispelling the Most Common Flood Myths

Dispelling the Most Common Flood Myths

Throughout many decades of working in flood insurance, our team has heard almost every myth out there surrounding this valuable coverage. We have also seen many fall victim to some of these misconceptions by opting out of flood protection and later experiencing a...
The Flood Insurance Rating Process

The Flood Insurance Rating Process

The flood insurance market has grown substantially over the past few years, with more private carriers emerging and offering competitive premiums and additional coverage options. You might be wondering why there is a price difference among these companies and the...
Preparing for Hurricane Season Flooding

Preparing for Hurricane Season Flooding

Hurricane season is upon us and with these storms comes the threat of flooding. Unfortunately, tropical storms can also be unpredictable and their path, intensity, and possible damages are hard to determine ahead of time. The best thing you can do if you are in a...
Flood Insurance Options: The NFIP VS. Private Flood

Flood Insurance Options: The NFIP VS. Private Flood

When it comes to flood insurance, consumers now have more options than before. The National Flood Insurance Program (NFIP) has been the main source of flood insurance policies since the program began in 1968. There is little room for customization of NFIP coverages...