Updated almost 8 years ago on . Most recent reply
NFIP Flood Insurance
Anyone have a recommended source for Flood Insurance for a SFH?
Getting quotes for one of my Indianapolis properties in the $3k+ range, which is outrageous. I could insure it myself at that rate.
Most Popular Reply
John Mocker
#1 Insurance Contributor
#1 Insurance Contributor
- Insurance Agent
- Norwalk, CT
Todd,
There are several non-NFIP (National Flood Insurance program from FEMA) flood insurance providers out there now. Check with your mortgage co. to see if they will accept the Non-NFIP policy. Some banks will not accept the Non-NFIP policies.
Also, find out if the property is grandfathered in for any lower rates in NFIP. If you get at Non-NFIP policy and then have to go back to NFIP you probably would lose the grandfathered rate.