Private Flood Insurance or NFIP?
When most people think of flood insurance, they think of the National Flood Insurance Program (NFIP). The NFIP is a long-standing, government-backed option managed by FEMA whose policies provide reliable protection and are often the right solution for many property owners, but NFIP isn’t the only choice.
At Secure Flood, we also offer Private Flood Insurance policies through several top-rated carriers. These policies can either complement or, in some cases, provide an alternative to NFIP coverage—often offering broader coverage options and, in some cases, lower premiums—depending on your property and your coverage needs.
NFIP Flood Insurance
- Backed by FEMA
- Nationwide availability and consistent coverage terms
- Standardized rates for all policyholders in the same zone
- Coverage limits up to $250,000 for residential buildings and $500,000 for commercial, plus contents coverage
- Well-established claims process and compliance with lending requirements
Private Flood Insurance
- Offered by private carriers with flexible coverage options
- Higher coverage limits often available
- Broader benefits may include items not covered by NFIP (such as additional living expenses or business interruption)
- Competitive, market-driven rates that may be lower—or higher—depending on property specifics
- In some cases, shorter waiting periods and fewer documentation requirements
Which Option Is Right for You?
For some property owners, NFIP provides exactly the right level of protection at a fair rate. For others with specific coverage needs, Private Flood Insurance can offer greater flexibility and broader benefits, and better prices.
That’s why we don’t believe in a one-size-fits-all approach. Our specialists review your property details, compare both NFIP and private options, and help you choose the policy that gives you the best combination of coverage, cost, and peace of mind.