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FEMA is the only provider of flood insurance in the United States.

True
24%
False
63%
Not sure
12%
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Question: FEMA is the only provider of flood insurance in the United States.
Top Answer (63% of 66 votes): False.

Answer: False
Explanation: There is FEMA and also private flood insurance Carriers.
Total Mortgage Services LLC
Answer: False
Explanation: Check with your local insurance providers for professional advice.
Union Savings Bank
Answer: True
Explanation: Yeso
Belocura Cabinetry
ProMatcher
Answer: False
Explanation: Unfortunately, in flood insurance, the numbers of claimants is larger than the available number of persons interested in protecting their property from the peril, which means that most private insurers view the probability of generating a profit from providing flood insurance as being remote. However, there are insurers such as PURE, Chubb, AIG/Chartis, and Fireman's Fund that do provide privately written primary flood insurance for high value homes and The Natural Catastrophe Insurance Program underwritten by Certain Underwriters at Lloyd's which provides private primary flood insurance on both low value and high value buildings.
Nexa Mortgage, LLC ( NobodyBeatsMyRates.com )
Answer: False
Explanation: FEMA helped to develop the National Flood Insurance Program and provides Maps of flood zones, however, you can purchase flood insurance from most if not all insurance providers.
Amerifirst Home Mortgage
Answer: False
Explanation: FEMA is the primary provider of the government insurance (NFIP). There are private companies that provide flood insurance as well.
Farmers Insurance-Chris Faverty Agency
ProMatcher
Answer: True
Explanation: In general, flood insurance is only available through the National Flood Insurance Program (NFIP) administered by the Federal Emergency Management Agency (FEMA). A few private insurers offer excess flood insurance.
Atlantic Mortgage and Finance Corporation
Answer: True
Explanation: Various companies are authorized to write flood insurance, but the rules and guidelines are developed by FEMA.
Lockhart's Insurance Services
Answer: False
Explanation: Flood insurance may be purchased through a variety of carriers.
Santander Bank
ProMatcher
Answer: False
Explanation: Flood insurance can be provided through private insurance providers. It is just traditional that it be provided by FEMA.
Beddard Mortgage Team
Answer: False
Explanation: Many private carriers offer flood insurance.
G.L. Anderson Insurance Services, Inc
Answer: Not sure
Explanation: I would not know this
AMR CompaniesLtd.
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Free Insurance - Flood Cost Estimates

Related Questions

My house has flooded in the past. Can I still purchase flood insurance? Top answer: Yes

Can a mortgage lender require me to buy flood insurance?Top answer: Yes

Can I still buy flood insurance if I don't live in a high-risk flood zone?Top answer: Yes

Does flood insurance typically cover earthquake-related flooding?Top answer: No

Can renters purchase flood insurance?Top answer: Yes



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