A Private Solution: Wading Through the Flood Insurance Marketplace
Flood insurance is often overlooked by agents and consumers alike. Now is the perfect time to educate clients about private market flood insurance options.

Flood insurance is often overlooked by agents and consumers alike. Now is the perfect time to educate clients about private market flood insurance options.
As long as a client buys a flood policy, there are plenty of ways that agents can be the trusted advisor and support their clients in the event of a flood. Here are three ways to expedite a flood claim.
“Don’t assume your area won’t flood,” says independent agent Danny Cook, who guided his community through catastrophic flooding twice in 23 months. “Flooding is increasing in frequency and severity.”
In response to the coronavirus crisis, FEMA will extend the grace period to renew flood insurance policies from 30 to 120 days, and the USDA has announced flexibilities to help with policies, claims, reporting and payments.
Key victories include a huge win giving independent agencies tax relief and a trifecta of Big “I” priorities made into law.
Today, the U.S. Senate passed a legislative package that includes three key priorities for independent agents: Reauthorizing the Terrorism Risk Insurance Act, extending the National Flood Insurance Program and repealing the “Cadillac tax.”
The Big “I” supports and continues to advocate for the House to pass legislation to reauthorize the NFIP for five years with reforms.
A response to recent devastating hurricanes, FloodFLEX is designed specifically to provide coverage for many unexpected expenses that insureds face in the aftermath of a flood.
Earlier today, the U.S. Senate passed government funding legislation that extends the NFIP through Nov. 21. The legislation now heads to the president’s desk where it is expected to be signed into law.
The Big “I” submitted comments to FEMA on its Advanced Notice of Proposed Rulemaking entitled: Revisions to Methodology for Payments to Write Your Own Companies.