Private or Gov't Flood Insurance

[Geetch]

I know the differences between what they cover but until today, I'd not considered private flood insurance.

Any thoughts on this from the brain trust?

I'm looking at Neptune Flood.

[Mars Bluff]

Private typically has lower premiums & no waiting period.

[mhogancu]

Private.

[YoungBuckTX]

We have it on a rental property w/ Allstate. But, I thought it was still regulated by the gov (cost, coverage, etc)

[Saltydog235]

You checked Geovera? I know on our wind and named storm coverage they were considerably less.

[tprice]

We have it on a rental property w/ Allstate. But, I thought it was still regulated by the gov (cost, coverage, etc)

Got ours through State Farm for IOP house, thought same thing it was all backed by FEMA. $250K limit if I am correct

[Geetch]

there is insurance backed by FEMA and then private that is a private company like your homeowners insurance. More benefits in private over the FEMA. Temp living expenses, etc.

[b35w]

I’ll quote it for you if you want something to compare


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[Geetch]

I think I'm ok with flood but do need homeowners.

[b35w]

I think I'm ok with flood but do need homeowners.

Holler at me 8036080185 if you want one
Bobby


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[Geetch]

Call you tomorrow. thanks.

[DUX]

I think the only private company is Lloyd's of London. I'm pretty sure all the rest is fema . Some other companies may underwrite but it's still through fema.

[Geetch]

Neptune flood.