Flood insurance through private flood insurance companies is different than insurance through the NFIP. For a while, property owners and renters could only purchase insurance through the NFIP. But once insurance companies started selling flood insurance, everything changed, and buyers had more options when it came to protecting their homes and businesses.
With over 30 years of flood insurance experience, Holt Flood Insurance can help you with your flood insurance needs. If you're new to flood insurance, we will help answer any flood-related questions, as well as find a company that works for you. If you have years of experience but are looking for a better rate, we can help you too. Whatever your needs are, Holt Flood Insurance is here to help.
The difference in coverage between private flood insurance companies and the NFIP is that private flood insurance companies offer greater coverage than federally backed insurance plans. Private companies may provide up to one million dollars in building protection. They can even provide additional coverage such as extra living expenses, pool repair, lost business income, and more. The other difference is the waiting period. With private flood insurance, you only have to wait 15 days or less for your policy to affect.
For more information on private insurance companies, visit our website or give us a call at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.