The NFIP is required to be reauthorized by the government every so often. Most recently, the program was extended through September 2020. If the NFIP were to expire, no policies through the program could be written or renewed.
On the other hand, Private flood carriers do not have to follow FEMA regulations, their rates can fluctuate when necessary However, since there are multiple carriers you always have the option to shop your flood coverage with other companies should your renewal increase. Private flood policies also do not have surcharges that are added on for those insured under the NFIP.
Whether you are interested in an NFIP policy or private flood, Dan Burghardt’s team of professionals are here for all of your flood insurance needs. Our flood experts can make sure you have the best coverage and are receiving any available discounts to save you the most money. Contact our team with any questions you may have regarding your flood coverage. 504-441-7283 today or visit one of our 6 locations and Now on the Northshore.