Flood Insurance Secrets NFIP vs Private Advantage Revealed
The Rise of Private Flood Insurance
Private flood insurance is gaining traction due to its flexibility and potential cost savings. Unlike the NFIP, private insurers can offer higher coverage limits and more tailored policies. For example, some private insurers provide coverage up to $1 million or more, catering to homeowners with valuable properties2. Additionally, private policies often include additional living expenses and faster claims processing, which can be crucial during recovery.