Private Flood Insurance v/s NFIP

According to a comprehensive federal evaluation of the damage caused by storm-induced floods, Florida emerged as one of the most precarious regions along the southern coast of the U.S.

Floods are natural disasters that can cause catastrophic damage to homes and businesses. The National Flood Insurance Program (NFIP) is a federal program that was created to provide flood insurance to those who live in high-risk flood zones. However, in recent years, private flood insurance options have gained huge popularity.

In this blog, we will compare private flood insurance to the NFIP, highlighting their differences and similarities.

What is NFIP?

The NFIP was created by the U.S. Congress in 1968 to provide flood insurance to homeowners, renters, and business owners. The NFIP program is administered by the Federal Emergency Management Agency (FEMA). It is designed to cover damages caused by floods, which are not covered by most homeowners’ insurance policies.

The NFIP offers both building and contents coverage. Building coverage covers the structure of the building, including the foundation, walls, floors, and roof. Contents coverage covers personal property such as furniture, clothing, and electronics.

What is Private Flood Insurance?

Private flood insurance policies are not backed by the federal government, unlike NFIP policies. They are designed by private insurance carriers. The insurance company is entirely responsible for paying out claims and managing risks. Private flood insurance can cover a lot more than the NFIP.

They can be purchased by individuals and businesses in all areas, including high-risk flood zones.

Differences between Private Flood Insurance and NFIP:

Coverage Options:

A typical private flood insurance policy offers more extensive coverage options than the NFIP. It can cover damages caused by groundwater, sewer backup, and other types of water damage that are not covered by NFIP policies.

Private flood insurance policies can also offer higher coverage limits than the NFIP. Thus, providing better protection for homes and businesses. NFIP only covers $250,000 on homesand $100,000 on the inside contents. For Commercial properties it is capped at $500,000 for the building and $250,000 on inside content.


Private flood insurance policies can cover much more than NFIP policies,the only limitation is someone’s finances. Moreover, the cost of private flood insurance policies depends on several factors such as the location of the property, the type of coverage, and the insurance company providing the policy.

Advantages of Private Flood Insurance:

Broader Coverage Options:

Since private flood insurance operates independently from government flood coverage, insurers have the freedom to provide coverage options that may not be accessible through the NFIP.

This includes coverage for expenses related to temporary living arrangements, such as hotel accommodations and dining expenses. It also provides coverage for personal possessions stored in your basement.

Moreover, private flood insurance frequently offers elevated protection limits for your home and belongings. It may also include add-ons that can minimize your financial responsibility in the event of a flood-related loss.


Private insurance companies can customize policies to meet the specific needs of homeowners and businesses. This flexibility allows residents to get the coverage they need without paying for unnecessary benefits.

Lesser Waiting Period:

Private flood insurance comes with the advantage of a reduced waiting period, which can be up to 25 days. This can be the difference between coverage when it matters and not It means that the interval between the approval of your coverage and the commencement of your policy will be comparatively shorter. 

This feature makes it a sought-after choice among those Florida residents who require immediate coverage during the hurricane season.

Competitive Pricing:

Private flood insurance companies can offer lower premiums because they have more flexibility in underwriting and pricing policies. Since they take into account various factors, they can create policies that are tailored to each property. This results in a more accurate and cost-effective pricing.

Overall, private flood insurance offers property owners a viable alternative to the NFIP.

At Rosier Insurance, we offer reliable flood insurance in Bonita Springs, FL. It provides comprehensive coverage against flood damage, including damage caused by storm surges, flash floods, and other rising water-related incidents.

Moreover, your policy will be backed by a team of agents who are available to guide you through the claims process seamlessly.

Sign up for our flood insurance in Bonita Springs today!


How does hurricane coverage work with multiple storms?

Hurricanes are among the most devastating natural disasters globally, causing extensive damage to properties and communities. As such, it is vital to have insurance coverage that shields you from the financial fallout of a storm when a hurricane is approaching. However, what occurs when an area is hit by multiple storms simultaneously, or one storm occurs right after another? 

This article elucidates the workings of hurricane coverage when multiple storms occur, concentrating on flood and hurricane insurance in Bonita Springs.

Understanding Hurricane and Flood Insurance

Homeowners can choose to purchase two distinct insurance policies to safeguard their property against damage caused by hurricanes and floods. One policy is hurricane insurance, which offers coverage for structural damages to the home such as windows, doors, and roof damage. On the other hand, flood insurance covers damages to both personal belongings and the home caused by flooding from any source, including hurricanes.

Multiple Storms and Insurance Claims

Identifying the exact storm that caused property damage can be a daunting task when an area is struck by multiple storms. To resolve such cases, insurance adjusters conduct thorough investigations of the damages to determine the specific storm that caused the destruction. In situations where there are overlapping claims, adjusters coordinate with each other to ensure that the claims are handled and processed correctly.

It is noteworthy that some insurance policies may have separate deductibles that apply to each claim. Therefore, if your home suffers damages from two different storms, you will be required to pay two deductibles. However, many homeowners insurance policies have a calendar year deductible and therefore only one deductible would apply.

How Insurance Companies Respond to Multiple Storms

Insurance companies are prepared to handle multiple storms hitting the same area through their disaster response plans. They have specialized teams of adjusters who are always on standby to respond to claims as quickly as possible. However, during times when multiple storms occur concurrently, the volume of claims can be overwhelming, leading to processing delays.

Living in a hurricane-prone area demands a preparedness plan in case of home damage caused by a storm. Such a plan should encompass a list of emergency contacts, knowledge of evacuation routes and shelters, and keeping essential documents like insurance policies safe.

Flood Insurance and Multiple Storms

In hurricane coverage, flood insurance plays a crucial role as flooding often causes much damage during hurricanes. However, it is worth noting that flood insurance policies have a waiting period of 30 days before they take effect. Therefore, it is essential to purchase flood insurance well ahead of time, even before any predictions of an impending storm.

In case of flooding caused by multiple storms damaging your home, your flood insurance policy will provide coverage irrespective of which storm caused the damage. Nevertheless, you will have to pay a separate deductible for each claim similar to hurricane insurance.

Hurricane coverage is multifaceted, particularly when an area is hit by multiple storms. Thus, it is crucial to have comprehensive hurricane and flood insurance coverage to alleviate the financial impact of storms. If you reside in Bonita Springs, it is crucial to brace yourself for hurricane season and formulate an action plan for potential storm damage to your property.

Bonita Springs is a beautiful city in Southwest Florida, but it’s also vulnerable to hurricanes and floods. As such, homeowners in Bonita Springs need to have comprehensive hurricane and flood insurance coverage.

Rosier Insurance is committed to helping homeowners find the most appropriate flood insurance and hurricane insurance in Bonita Springs. As a team, we recognize the unique risks associated with owning a home in this beautiful city and have customized our insurance policies to cater to those specific needs.

Our agency has enabled numerous clients in Florida to find the ideal insurance policy that meets their specific requirements and financial constraints. Our agents are enthusiastic about assisting you in identifying the most suitable coverage for you and your loved ones.
Do not leave yourself vulnerable to unexpected events – choose our comprehensive hurricane insurance in Bonita Springs and safeguard your future now!