5 Reasons Why Private Flood Insurance Is a Better Option than NFIP for You
1.Stability. The NFIP (The National Flood Insurance Program) for years has had significant financial issues and has yet to solve them, with legislators “kicking the can down the road” every time proposed reforms come up. The NFIP is fiscally not sustainable and, despite billions of dollars in prior bailouts, according to the U.S. Government Accountability Office, it owes $20+ billion to U.S. taxpayers. Private insurers offer the stability and financial strength insureds are looking for in a flood program. 2. More Coverage. NFIP offers a maximum of $250,000 of flood coverage for a structure and $100,000 maximum for contents coverage whereas with… Read More »5 Reasons Why Private Flood Insurance Is a Better Option than NFIP for You