NFLP flood insurance rates work the same as private insurance rates. You will pay less if you live in a low-risk area than in areas at a higher risk for flooding. The state you live in will also determine how much you will pay. Only the costs are slightly cheaper when compared to private insurers.
When it comes to flood insurance, there are two categories of coverage. Building and contents. If you own your home or building, you must have both. But if you're a renter, you only need content insurance to protect your belongings. There are some things that flood insurance will not cover, such as fences, swimming pools, decks, patios and other landscaping, septic systems, and seawalls. Flood insurance may not cover damages from a backup septic system that was not a result of flooding.
If you need help understanding NFLP flood insurance rates and want to compare them with private insurers. Holt flood insurance works with the NFLP and private insurance companies. We can compare the NFLP rates with their rates and see which one works best for your situation. Then once you've made a decision, we can help you through the application process. Already have flood insurance but want to look at something different? No problem, we can help you with that too.
For more information on NFLP flood insurance rates, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.