Getting Flood Insurance For The Right Price

Flood insurance is offered to those homeowners who live in areas that are subject to periodic flooding. Flood insurance is offered through the National Flood Insurance Program managed by the Federal Emergency Management Agency (FEMA).

FEMA maintains a list of insurance companies that are authorized to offer flood insurance on its behalf. There are steps you should take to make sure that you find the right coverage at a price that is affordable.

Step 1: Compare Prices Between Carriers

Use the FEMA website to get a list of insurance companies that provide flood insurance as part of the National Flood Insurance Program. This information will help you determine which carriers are operating in your state and offer insurance plans for your area. You should go directly to the websites of these insurance companies to request quotes based on your needs.

Step 2: Determine the Appropriate Amount of Coverage

The insurance companies that you contact should be able to provide you with quotes that are based on the type of home you have and your needs for flood insurance protection. You should inquire about the appropriate amount of flood insurance coverage, both the minimum amount required and the maximum or norm that is purchased. This range will give you an ideal about what the variance is in pricing and can be used in your comparison of costs.

Step 3: Get 3 Quotes

Obtain at least 3 quotes from the approved insurance companies. This will give you a broad basis for comparison and allow you to choose the best level of flood insurance protection. If you are unable to find 3 insurance companies that operate in your area, look at different types of policies with the 1 or 2 companies that are offering flood insurance through FEMA.

Getting the best price is more than just choosing the policy that is the cheapest. You should look at the benefits being offered and how they stack up with each other. Obtaining several quotes among different carriers will give you an ideal of the range of prices relative to the benefits being offered.


These steps should be useful in helping you find the best priced coverage that helps you meet your needs for flood insurance protection. The information provided through FEMA is a good starting point to learn about the National Flood Insurance Program and its requirements prior to selecting an insurance provider. Asking questions of residents in your area may also be helpful in determining the different types of coverage that is being sold and help you understand the coverage you are going to purchase.

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