Blog

  1. Flood Maps

    Is Lloyds of London pulling out of markets like Kentucky or Ilinois? August 13, 2020

    The following is a call I got from two of the most fantastic FEMA representatives asking if Lloyds was pulling out of the Flood insurance markets. Spoiler Alert (they are here to stay sorry FEMA). | Lloyds of London Flood insurance  | Private Flood insurance | Alternative to FEMA flood insurance. | Alternative to NFIP Hi FLOOD NERD - Robert I trust you are well, I was reading this article in th…Read More

  2. How do I get a LOMA?

    Shawn Ziegaus Rental Property Investor from Lake City, FL Just getting into my first rental. However the flood insurance we are having to pay is a pretty hefty payment each month. I have been looking into petitioning for removal of the requirement just solely to be able to increase monthly cash flow. If anyone has any tips on how to go go through this process or the best way to increase your o…Read More

  3. Do I need to buy flood insurance on a ground unit condo?

    This post is from a post on bigger pockets a real estate investment site.  I worte on anwering a question about flood insruance. Flood Nerd responce to question on buying flood insurance @Aaron K. and @Claire Rosenberg all properties are in a flood zone the only differentiator with the flood zones is the "high-risk" flood zones is your lender will require flood insurance in order to get the funds…Read More

  4. Dialogue with Flood Nerd about Low-risk flood zone vs High-risk flood zone

    Olé at Lely Resort Condo Association (LOMA) Dialogue with Flood Nerd about Low-risk flood zone vs High-risk flood zone Hello, Doris, thanks for letting us look at your property what an honor.  Beautiful condo community It is looking like you are shopping to replace an existing condo unit policy that is written with the NFIP (National Flood Insurance Program) You also noted that your condo unit i…Read More

  5. Cheap Flood Insurance

    How to get cheap flood insurance and better coverage in 3 min Flood Insurance is probably one of the most misunderstood types of property insurance. Most insurance agents don’t understand the policies and many refuse to write flood insurance. The problem is most homeowners think that flooding is covered by their property policy. On quick review you will find out that flood insurance isn’t cove…Read More

  6. Private Flood Insurance Client in Colorado, Arvada, Wheat Ridge, Boulder and more.

    Colorado Flood Insurance Today I got a call from a client who is looking to buy a home in Jefferson County, CO. The property is in Wheatridge, and in an area that is considered a High-risk or Special Hazard Flood Area (SHFA). Zone AE flood insurance, Colorado Zone AE doesn't mean that her new home has flooded before or will flood; it means it has a higher chance of it, and it also means that her l…Read More

  7. Trouble selling 2 of my homes. Flood land

    Question: I am having trouble selling 2 of my homes. Erik L Pittsfield MA I'm selling both of my rental houses in town so I can invest out of state. Both are in a flood area so I need extra insurance and home buyers run away once they hear that. In both situations what can I do to help the buyer not freak out and actually want to acquire the property? Answer: Flood Nerd I idea on selling a propert…Read More

  8. Do I buy a home in a flood plain?

    Home in Flood Plain - Deal breaker? Brax P in Phoenix, Az - Hey flood nerds! I am currently under contract to buy a home in Arizona. The home within close distance to a street that is designated as a flood plain AE which has a 1% of flood annually and is high- risk. How do I get a quote for flood insurance? I am asking my current ins agent to provide but have heard quotes as low as $500 annually o…Read More

  9. FAQ – Diologue with a Client about RCV vs ACV

    We often get asked if the flood policy we quote is Replacement cost or Actual cash. This post will hopefully clear up the question. If you have further questions or want to speak with a flood nerd feel free to call us at 1-866-990-7482. And if you want to save money on your flood insurance let us do your shopping. Flood Nerd to Lisa F (OR): Hi Lisa, Thanks for reaching out, I have exciting news, y…Read More