Where can you learn more about flood risk and flood insurance options?

There are a couple of options available for purchasing flood insurance. Flood insurance can be purchased through the National Flood Insurance Program (“NFIP”), a federal program established to provide flood insurance coverage for homeowners, renters, and business owners located in high-risk areas. Alternatively, flood insurance coverage may be purchased through the private market (i.e., insurance companies) that may offer higher maximum coverage limits than policies provided through the NFIP. However, it is important to carefully consider the terms and conditions of any flood insurance policy available through the private market, as their terms, conditions, and exclusions can vary (sometimes significantly) from one insurance company to another.

Additionally, while flood insurance may be available through the private market in some areas, it might not be accessible or affordable in high-risk flood zones. Individuals should therefore weigh the benefits and considerations and consult with an insurance professional to help make an informed decision about whether private flood insurance is a good risk management solution for them.

It would be helpful to seek out an insurance agent who truly understands flood risk and flood insurance. Acrisure has some of the insurance industry’s leading flood insurance agents who understand flood risk and flood insurance, leveraging industry-leading technologies to provide personalized flood insurance options from the some of best flood insurance companies in the marketplace.

Reach out to Acrisure to learn more about your flood risk and what options are available to help you protect against losses from potentially devastating flood damage to your home or business. Acrisure’s experienced team of flood professional can answer your questions and help you find the right flood insurance solution for you. Or request a flood insurance quote online now!

Stay tuned for more valuable information about flood risk and flood insurance.

Stay tuned to Acrisure Insights because we share more information about flood insurance, including why you should consider purchasing it, what flood insurance covers, and why some people are required to purchase flood insurance while others are not.