Flood Insurance

Private flood insurance and FEMA flood insurance both provide coverage for flood damage, but there are some key differences between the two.

Note: Private Flood Insurance is now accepted for FHA Mortgages

Here are some potential benefits of private flood insurance over FEMA flood insurance:

1 / More comprehensive coverage: Private flood insurance policies may offer more comprehensive coverage than FEMA policies, which may have more limited coverage and exclude certain types of damage. Private policies may also offer higher limits of coverage.

2 / Faster claims processing: Private insurance companies may be able to process claims more quickly than FEMA, which can be slow to respond in the aftermath of a flood.

3 / More personalized service: Private insurers may offer more personalized service and better customer support than FEMA, which is a government agency and may not provide the same level of individual attention.

4 / More flexibility: Private flood insurance policies may offer more flexibility in terms of coverage options and pricing, allowing policyholders to customize their coverage to better meet their needs and budget.

5 / Protection for properties in high-risk areas: Private flood insurance may be more accessible for properties in high-risk flood zones, which may have limited options for FEMA coverage.

It's important to note that private flood insurance policies can vary widely in terms of coverage, pricing, and quality, so it's important to do your research and compare options carefully before choosing a policy.

When it comes to comparing FEMA and Private Flood Insurance what should I do next?

The best next step is to speak to an independent Trusted Advisor (like the Client Advisors at Mappus Insurance).

I would encourage you to reach out via the Start A Quote Now button below.

We look forward to assisting you soon!