Presently,
most flood insurance is provided by the National Flood Insurance Program
(NFIP). This program is administered by
The Federal Emergency Management Agency (FEMA) and underwritten by many
insurance companies on behalf of FEMA.
In addition to the NFIP, there are also private flood insurers.
Flood
insurance is pretty simple. You can
insure a home (building) up to $250,000 – this is the maximum under the
NFIP. The maximum for contents is
$100,000. These cap amounts can be
exceeded with private flood insurance.
The NFIP
charges an additional $250 annually for non-residents (secondary/seasonal)
homeowners.
If you
require flood insurance, give me a call so that I can provide you with the
optimal quote for your home. As always,
my goal is the best coverage for the least amount!
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