2019 was an important year for the flood insurance industry. The National Flood Insurance Program (NFIP) underwent multiple short-term extensions, new regulations were put in place regarding lender’s acceptance of private flood options, and a new wave of technology (hello, drones) transformed the industry with new rating possibilities and modeling capabilities. We’ve had natural disaster after natural disaster throughout our nation and people still wonder Do I really need flood insurance?
The answer, now more than ever, is yes!
There are many misconceptions about flood insurance but it’s too serious of an issue to brush off any longer. Here are some of the tops myths about flood insurance that many people are misinformed about from one of our companies, Neptune Flood. We are happy to provide you with a quote after consulting all of our companies that will cover you, your family, and your possessions. Contact us today.