Our flood insurance policies offer the public an alternative to the National Flood Insurance Program, or NFIP. Part of the Federal Emergency Management Agency, (FEMA) the NFIP serves an important role, but is plagued by debt and continually rising premium costs. So, why choose Save Flood Insurance Agency Inc?
- Our underwriter is one of the oldest names in the insurance industry, dating back to 1688. Learn more about Lloyd’s of London
- They have a financial strength rating of A+ with Standard & Poor’s
- A rating with AM Best
- AA+ rating with Fitch
- Assets in excess of $120 billion
- Our policies cover basements, unlike the NFIP’s limited basement coverage. This includes contents!
- We do not require an elevation certificate, even if the property is a post FIRM construction.
- Our policies have loss of use coverage.
- Our policies have a 15 day waiting period, in contrast to the 30 day waiting period of the NFIP. If the policy is sought in conjunction with a loan closing, then there is no waiting period.
- Our policies cover decks of any size, along with carports.
- Our policies include the added perils of earthquake and Volcanic Eruption (Please check as these added perils are restricted in some states) the NFIP only covers flood.
- Grandfathering does not apply.
- Our policy jacket includes the 6 FEMA requirements for banks.
- Our policies can be up to 50% less expensive than NFIP policies.
