We are continuing to cover the price of paradise and the state of insurance with the top insurance headlines for the week.
1. Private flood insurance vs. National Flood Insurance Program: What’s the difference?
Private flood insurance vs. National Flood Insurance Program: What’s the difference?
Neptune insurance has over 200,000 flood insurance policies across the nation, but most of them are here in Florida.
ABC Action News Anchor Nadeen Yanes spoke with Neptune’s CEO Trevor Burgess about the difference between private flood insurance, which only about 12 companies in the nation writes, verses public flood insurance through FEMA’s national flood insurance program.
The NFIP writes about 90% of the nation’s flood insurance policies, but Burgess says private flood insurers could give you the option to shop around.
At Neptune, they use an I-technology to determine your individual home’s risk versus a neighborhood flood map and says on average, you could save 10-20%