Private Market Flood Insurance
Most people that purchase flood insurance do so because their home is located in a FEMA flood map zone – making the insurance mandatory for them to obtain a home mortgage. But did you know that there are private market flood insurance alternatives? That’s where Save Flood Insurance Agency Inc comes in.
Many people that are mandated to buy flood insurance find the maximum limits provided by the NFIP, or National Flood Insurance program, are well under the amounts it would require for them to cover the replacement cost of their home. The NFIP provides for a maximum of $250,000 in coverage, with a maximum of $100,000 in contents covered. However, the NFIP has some drawbacks. Namely, the policies of the NFIP do not cover any contents that may reside in a basement – so if you have a basement full of personal property you may be out of luck. That’s where our private market flood insurance can make a huge difference.
Save Flood Insurance Agency Inc Private Market Flood Insurance
What makes our policies different? Here’s a few examples:
- Our waiting period is 15 days, whereas the NFIP program has a 30 day waiting period
- our policies are A rated – you know you will have a solid policy
- Our policies follow all required guidelines for lenders
- You will save anywhere from 20% – 50% on your annual premium
- We don’t require an elevation certificate, which can be difficult and time consuming to acquire.
We strive to make obtaining flood insurance an easy process – and we hope that you seek out Save Flood Insurance Agency Inc for your private market flood insurance needs. If you are looking to get a quote for flood insurance, please fill out the information form below.