The NFIP's new Risk Rating 2.0 insurance modeling is set to begin tomorrow, October 1st. There's one problem, a government shutdown is looming today.
We've seen this before. Every 1-2 years the NFIP is in jeopardy and the viability of the program is at the mercy of the U.S. Congress to pass legislation.
It's possible that property closings could be halted if Congress does not pass today's infrastructure bill. With this in mind, we recommend you consider your options for coverage in the Private Flood market.
We offer Private Flood coverage from multiple carriers. We're ready to work on your submission and provide a quote for your insured's that is not reliant on the federal backing of the NFIP. While our coverage can mirror the NFIP, we go beyond what is offered by the federal program to create more comprehensive policies for your clients.