Would you recommend purchasing flood insurance through the National Flood Insurance Program (NFIP)? | | Yes | 44% | | In most cases | 22% | | In some cases | 10% | | No | 2% | | Not sure | 20% | | | | | Question: Would you recommend purchasing flood insurance through the National Flood Insurance Program (NFIP)? Top Answer (44% of 49 votes): Yes.
Answer: Not sure
Explanation: don't know enough about it | | Total Mortgage Services LLC | Answer: Yes
Explanation: Regardless of what company you purchase flood insurance from, the rating system was developed by FEMA using flood maps and the NFIP was created to rate locations based on those maps. | | Lockhart's Insurance Services | Answer: Yes
Explanation: https://www.houselogic.com/finances-taxes/home-insurance/what-does-flood-insurance-cover/
What the Federal Flood Insurance Program Covers
NFIP’s building property policy covers the cost to rebuild or the actual value of your home (whichever is less). That includes:
Your home and its foundation
Electrical and plumbing systems
HVAC equipment like air conditioning, furnaces, and water heaters
Kitchen appliances, including your refrigerator, stove, and built-ins such as your dishwasher
Permanently installed carpeting over an unfinished floor
Permanently installed wallboard, paneling, bookcases, and cabinets
Window blinds
Detached garages (limited to 10% of your home policy)
Debris removal
Water heater
The NFIP policy that covers your personal property will cover stuff like:
Clothing, furniture, and electronic equipment
Curtains
Window AC units
Portable microwaves and dishwashers
Carpets not covered by your building policy
Washer/dryers
Your freezer and frozen food
Up to $2,500 in valuables, such as art and furs
Note: Personal possessions claims are paid based on actual cash value — not what you paid for them. | | Authorized Progressive Insurance Agent/Russell G. Lewis | | | ProMatcher | Answer: Yes
Explanation: The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners. | | Amerifirst Home Mortgage | Answer: In most cases
Explanation: They provide insurance resources but you can find other agencies with lower pricing or better policy coverage if you do your research. | | Florida Central Credit Union | Answer: In most cases
Explanation: Yes, in most cases, I would recommend it. | | nofeelendersubmit4u.com | | | ProMatcher | Answer: In most cases
Explanation: I recommend getting quotes from at least 3 sources | | Gulf Coast Community Bank | Answer: In some cases
Explanation: Depending on the flood plane you inhabit it may be cheaper to go with a private company for a better price. | | G.L. Anderson Insurance Services, Inc | Answer: Not sure
Explanation: Seems like the right thing to do | | AMR CompaniesLtd. |
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