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FLOOD NERDS will do the Flood Insurance Shopping for you.

There are 40+ different flood private insurance options. You don’t have the time or expertise to figure out what will work best for you. Let the flood Nerds do all your shopping.  

Importance of Private flood insurance 

To date, the majority of flood insurance coverage in our country is provided by the government through a program called the NFIP (National Flood Insurance Program founded 1968), which is administered by FEMA (Federal Emergency Management Agency). 

The NFIP is going to expire as the multiple extensions run out. This is due to the program costing taxpayers well over $25B in a deficit.

This deficit was caused by a poorly managed program that allured developers to build in areas at high risk of flooding, thinking the government would bale out. 

The NFIP must periodically be renewed, and if it were able to lapse, there could be claims that may never get paid. 


Private Flood Insurance History

Since late 2013, the private flood insurance markets have been growing.

The NFIP is vastly overcharging 50% of the flood insurance property owners and under-charging the other 50%.

It is expected that the NFIP will charge $205 million for its flood insurance policy this year. 

It is no wonder that the private flood insurance market is becoming a widely accepted option as an alternative to the FEMA flood insurance.

New – Private flood insurance

Better Flood Insurance is the best shopper for you.
Let us to the flood insurance shopping for you – Save time.

The private flood insurance Market has brought innovation to help people like you afford flood insurance.

Although the technology has been around for a long time, the NFIP was a monopoly until 2012 and didn’t progress with getting a product that would benefit the flood insurance-buying public. 

Since the NFiP solely relied on flood insurance maps created by the Corps Of Engineers to come up with their flood insurance rates. And many of them are more than 50 years old. The NFIP program was created to be a one size fits all plan, and out of that, you got a rate (usually too high), and there wasn’t much you could do about it. 

FEMA did institute that a property owner could “pay for” and get a document called an Elevation Certificate, and sometimes this document could get you a better rate. However, it was at an additional cost. 

The critical point of differentiation from what the private flood insurance markets are innovation. 

Yes, Please Shop My Flood Insurance.

The Private Flood insurance Technology 

The private flood insurance market has thrown out the paper flood maps that FEMA exclusively uses for digital flood maps created with modern technology. 

Now the real fun begins. 

Using technology maps created by satellites and aircraft, we now have a more accurate understanding of our counties’ topographic land. 

Furthermore, using these maps, we can use computers to create multiple flooding events giving us the most exact picture of how an area would flood. This is called Risk modeling—really cool stuff. 

We can now see exactly where the water is going to go and which properties are most likely to flood.

Better Flood Data Leads to Better Flood Savings

The result is the private flood insurance market can now get the real cost of your insurance and save millions of homeowners and businesses money for years to come. 

This is real data and really important, mostly because it can save you significant money on your flood insurance.

Saving Money with Private Flood Insurance. Lower prices that we can get you with the private flood insurance markets isn’t the only benefit of moving to the private flood insurance market. 

The private market can be tailored to meet your unique properties needs. 

An easy result of the private flood insurance market is you can cover more of your assets. And anyone who understands insurance should CYA (protect your assets) =)

Other options not offered through the NFIP are getting coverage at replacement cost, temporary living expense coverage, basement contents, some options provide pool repair/refill, and higher coverage limits on detached structures. 

Once we have shopped all the private flood insurance options for you and found the best fit, ask us specifics about the coverage. 

Private flood insurance can offer higher coverage limits if you desire up to $2,000,000 for your home and $500,000 for your personal items. The government option will limit you to $250,000/$100,000.

One of the most important is the private flood insurance options waiting periods can be as short at 10 days, 15 days, and some have no waiting period. Just in case you didn’t know, NFIP has 30 days. 

For loan closings, both policies will allow you to get the flood insurance on the closing date. 

Flood Nerds do all your private flood insurance shopping.

Flood Nerds will do all the private flood insurance markets shopping for you (there are something like 75 options), and we will also shop the NFIP to guarantee that you will get the best option. 

Private Flood Insurance Calculator

Private flood insurance for Commercial Properties

As with a homeowner’s policy, most business insurance policies do not cover flooding. 

So the only way to get this coverage is with a stand-alone commercial flood insurance policy.

Commercial Private Flood InsuranceAnd you have two options 

  1. Buy the government’s flood coverage, and the policy is limited at $500,000 for the building and $500,000 for its contents. 

  2. Or you can buy a private flood insurance commercial policy. 

    1. Get broader coverage with higher limits. 

    2. Get the option to have business income or business interruption coverage. Historically when flooding events happen, most businesses are shut down for 64 days causing many to never come back, and your dreams are gone. 

The most unsettling fact is that about 25% of small businesses never reopen following a natural disaster.

Protect your business and inventory.

Call for a flood insurance quote today!

1-866-990-7482

What is “rate-lock,” and why is it a good idea for me? 

Currently, there is only one private flood insurance option that uses the Rate-lock, and this is an option that may work for some properties. However, we find that we can get a better premium by shopping for the flood insurance market. 

That being repeated, the rate lock option might be something that you could consider. If you have been in the flood insurance market (AKA buying your policy for many years), you are used to FEMA annual increases, and sometimes these increases can be surprising to say the lease. 

With the Lexington Rate lock option, you will lock the rate for 1, 3, or 5 years to help your budget, especially if your home is a short or long term rental. 

One interesting fact to consider is that if you are looking to sell your home and buy a rate-lock policy, you can transfer that policy to the new owner, thus taking the issue for some buyer of flood insurance cost off the table. 

Let us know if you want to discuss this further. 

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Will my lender accept a private flood insurance policy? Yes! 

Private flood insurance is an alternative to the federal government’s flood insurance program. When you get private flood insurance offered through Better Flood, you will know that it is an excellent policy at a great price. 

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Flood Nerd approved

All our carriers are ‘A’ rated. Meaning you will be getting an excellent policy and at a great price.

The private flood insurance market has been around since 2012 but really took hold in 2013 when the BW-12 Flood Insurance Reform Act was in effect. At that time, the private flood markets started now years later. The market is growing, so if you got a private market flood insurance early on, it might be time to shop for a better rate.

Private Flood Insurance complies with the government and FEMA guidelines, so your lenders will approve our policies.

Private Flood Insurance is lender approved and recommended.

Our private flood insurance options meet all the requirements that your lender will complete to close your loan.

And with the savings, we can help you as well as your team CLOSE THE LOAN.

We work fast and can issue a policy the same day we have payment making the process of buying a property that requires flood insurance cost-effective and straightforward.

Private Flood Insurance does not require Elevation Certificates to rate.

The private Flood Insurance market uses some of the most advanced technology to assess the risk and rate properties’ actual flood insurance cost.

Through this technology, millions of NFIP policyholders can save significantly by finding a BETTER PRIVATE FLOOD INSURANCE policy.

There are many options in the private flood insurance market, and we are here to help you find the best flood insurance quote for your property.

Is Private Flood Insurance Cheap flood insurance?

Private Flood Insurance offers better and broader coverage than the one-size-fits-all NFIP policy and is often cheaper than the NFIP with better coverage.

The NFIP was created in 1968 to help mitigate flood losses in the U.S. During this time, there was a lack of research, risk mapping, and private insurance companies that could handle a catastrophic event such as flooding.

This created a monopoly for the NFIP, which they have used to drive up premiums and reduce what the policy will cover. Private flood insurance policies are covering properties better and saving money while doing so.

Can I cover more than one property on a private flood insurance policy?

Some Private flood Insurance policies will allow you to cover multiple structures on one system, saving on fees and taxes.

Imagine having only one document that covers all the properties you own.See if you can benefit from one of these private flood insurance policies.

Private flood insurance Quote

The Private Flood Insurance Market can offer higher limits than the NFIP’s standard coverage of $250,000 for residential and $500,000 commercial properties.

As property values continue to increase, the cost of rebuilding has gone up as well, this will affect your flood insurance quote.

If you have an NFIP policy that is maxed out at $250,000 and your property is worth way more in the past, you had to buy Excess Flood coverage, Now with a private flood insurance policy, you can cover your property fully on one system.

Private Flood Insurance can save up to 50% on the premium over the NFIP in certain situations. Making it Cheaper than the NFIP policy, especially in the A and V flood zones.

Since we shop all the private flood insurance options nationally, we see a positive trend of significant savings for homeowners and commercial property owners.

The private flood insurance policy savings can be significant. On average, we see $250 – $2,500 residential and unheard-of savings on commercial properties.

If you are ready to let us shop to save you money, we are awaiting your request. GET A FLOOD INSURANCE QUOTE

Cost of Private flood insurance

Private flood insurance does not penalize you for a second home. The NFIP policy has higher rates and added fees for a second home investment property.

We all want to help create wealth for our family.

It is the American dream, and most of us try the rental route by keeping our first home when we outgrow it.

If this property is in a flood zone, then the NFIP policy automatically slaps on a $250 fee on top of the already high premium. This is not fair.

Private Flood Insurance companies are best for properties that are in A & V flood zone maps.

Private flood insurance is best for properties that are in high-risk flood zone maps such as (A & V flood zone maps).

If your property has never had a flood loss before and the NFIP policy you have is getting prices.

Flood Insurance Quotes – We Shop For You.

Better Flood insurance offers multiple deductible options, and we have prequalified all private flood options that meet our high standards. Get a flood insurance quote today.

Private flood insurance can offer additional coverages such as Loss of Use for residential or Business Interruption for commercial.

Better Flood Insurance can promptly quote and bind coverage with a private flood insurance policy the same day (in most cases) and provide policy documents to make the experience as seamless as possible.

Better Flood insurance, private flood insurance policies can offer flexible payment options.

Better Flood Insurance offers private flood insurance policies that can be an online purchase.

We have policies that have been with us for 20 years. Check out our reviews. 

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Lloyds of London Flood Insurance Jumping in

Private flood insurance vs. NFIP insurance

There are basically two general options for your flood insurance. 

  1. The government flood insurance option, which is called the NFIP or FEMA policy. 

  2. And the private flood insurance markets, most of which are Lloyds of London syndicates. 

One of the most significant differences for some people paying far too much for flood insurance is that the private flood insurance market is a lot less in most cases—20% to 50% and sometimes way more. 

One key thing that we look for when shopping for flood insurance is if we can take advantage of the government-subsidized policy. Which sometimes is far less than the private flood market. 

Unfortunately, since the bar (that is very low) was the NFIP policy, which had a monopoly for nearly 5 decades, the coverage got whittled down over the years, and there are gaps in coverage. 

Some private flood insurance policies are me-too policies, which basically are the same coverages as the NFIP.

The ones we find most interesting are the coverages that are trying to close the gaps. But there is so far not any flood insurance coverage on the NFIP or the private flood market that doesn’t have coverage gaps.

The NFIP and Private flood insurance coverage definitions of a flood differ as well on some policies. For instance, the NFIP is very clear that the water has to inundated 2 or more properties or 2 or more acres to activate the coverage. This could be a big problem if your home is the only place that the flood water goes. 

Yes, Please Shop My Flood Insurance.

Some Private flood insurance policies have a more straightforward definition of flooding. Resulting in a description of coverage much clearer when it comes to what would activate a claim and will leave little to no space between the homeowner’s policies exclusion and the stand-alone flood insurance policy would pick up. 

Another coverage that the private flood markets can do is that the NFIP doesn’t come out in the content coverage where you can choose to get replacement cost rather than the standard depreciation that is the only option with the NFIP policy. Some private flood insurance policies offer coverage for personal items in the basement.

Most private flood insurance policies will pay out on Replacement cost for repairs rather than the depreciation for a second home for those who have second homes. This is a big miss on the NFIP policy because second home policies with the NFIP and commercial policies are often more expensive for less coverage. 

So in the flood nerds option, the private market is the best for commercial properties and second homes.  

Disadvantages of Private Flood Insurance 

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FEMA Flood Insurance Rate Maps

Deductibles often are higher on the private flood policies than the NFIP. And some may consider this a negative however you have to understand that you do not want to turn in small claims for flood insurance. If you do, you will lose the option of having a private flood insurance policy for up to 5 years. And if you have to go back to the NFIP, it could end up costing you a lot over the years. 

Sometimes Private flood insurance underwriters will Non renew due to underwriting parameters changing. In this case, you would be left to shop for other coverage if we have placed your policy, and we will find the other option for you. 

The NFIP may get a better price than the private flood market. If your policy is grandfathered for a prior flood zone, then the NFIP will subsidize the insurance policy. Another significant reason to stay with the NFIP has to do with Map changes from time to time, properties will move in and out of the high-risk flood zone; however, the trend is that fewer properties are carrying out. In this case, if you get the policy before the map change, keep it. And transfer it if you sell your property to the new owner. 

What’s covered on a Private Flood Insurance policy. 

Whether from the government or the private flood insurance market, a standard flood insurance policy covers damage caused by rising water.

Standard flood coverages. 

  • The building, which is listed on the home/building policy

  • Personal contents, which protects the property or possession inside your property.  

All this coverage may sound like your standard homeowner policy and something that is covered by your homeowners. 

Flooding is Excluded on your Homeowners Policy 

The only way to get coverage is to buy a stand-alone flood policy. 

Homeowners policies do have coverage from water damage, but the way you can distinguish that the different from a homeowners claim and flood claim is the word “rising”

Every property could flood. 

Many homeowners believe that they only need flood coverage because the montage companies or banks are asking for it. 

Your lender will require flood insurance if the structure is located in a “high risk” flood zone (flood zone AE, A, or flood zone VE, V).

Wherever it rains, it can flood, and you don’t even need to be close to a lake, ocean, river, or creek. 

Do not risk change or be lured into a false sense of security because your structure is outside of the “high risk” area, and if your lender isn’t asking for it, this property won’t flood. 

Wherever it rains, it can flood. In fact, when Hurricane Harvey hit, 70% of the structures that flooded were outside of the “high-risk flood zone,” Also, every year, 25% of all claims come in areas that are not in the “high-risk flood zone” (A or V zones). 

Protect your business and inventory.

Protect your home and personal property. 

Most people can’t afford to be Uninsured or Underinsured for Flooding.

The average flood insurance claim is $46,000. You might be well off and able to rebound if so give me a call because you understand insurance and want to keep your money to wisely buy a policy. 

However, if you are like me and 99% of the population, we tend to forgo coverages to buy the new iPhone. 

Flooding is the most common and costly natural disaster.   

Below is a chart of significant flooding that has occurred recently:



HURRICANE KATRINA 2005
Number of Claims Paid 166,790
How much the average claim was $97,474

HURRICANE HARVEY 2017
Number of Claims Paid 76,257
How much the average claim was $116,823

SUPERSTORM SANDY 2012
Number of Claims Paid 132,360
How much the average claim was $66,517

HURRICANE IKE 2008
Number of Claims Paid 46,701
How much the average claim was $57,866

TORRENTIAL RAIN LOUISIANA 2016
Number of Claims Paid 26,976
How much the average claim was $91,507

HURRICANE IVAN 2004
Number of Claims Paid 28,154
How much the average claim was $57,097

HURRICANE IRENE 2011
Number of Claims Paid 44,314
How much the average claim was $30,369

TROPICAL STORM ALLISON 2001
Number of Claims Paid 30,671
How much the average claim was $36,028

HURRICANE IRMA 2017
Number of Claims Paid 21,920
How much the average claim was $48,095

HURRICANE MATTHEW 2016
Number of Claims Paid 16,586
How much the average claim was $39,455

TEXAS FLOODING MAY-JUN 2015
Number of Claims Paid 6,709
How much the average claim was $67,463

TORRENTIAL RAIN SEPT 2009 GEORGIA
Number of Claims Paid 2,067
How much the average claim was $60,107 

TORRENTIAL RAIN TENNESSEE 2010
Number of Claims Paid 4,114
How much the average claim was $55,974

LATE SPRING STORMS JUNE 2011
Number of Claims Paid 2,433
How much the average claim was $55,326

FLORIDA FLOODING APRIL 2014
Number of Claims Paid 2,134
How much the average claim was $51,703

TORRENTIAL RAIN TEXAS 2016
Number of Claims Paid 4,748
How much the average claim was $50,392 

LATE WINTER SEVERE STORMS 2016
Number of Claims Paid 4,751
How much the average claim was $48,869

MIDWEST WINTER STORMS 2015
Number of Claims Paid 2,169
How much the average claim was $40,552

COLORADO FLOODING SEPT 2013
Number of Claims Paid 1,734
How much the average claim was $39,625

PA, NJ, NY FLOODS JUNE 2006
Number of Claims Paid 6,428
How much the average claim was $35,671

SOUTH CAROLINA FLOODING OCT 2015
Number of Claims Paid 3,876
How much the average claim was $48,869

REMEMBER THAT 25% OF ALL FLOOD CLAIMS ARE LOCATED OUTSIDE OF “HIGH RISK” A AND V FLOOD ZONES!

Yes, Please Shop My Flood Insurance.