Changes that became effective October 1st, 2018 (updated April 2019), are still in effect and provide flood insurance customers with greater freedom to choose their own Private Flood Insurance Provider. If certain conditions are met, customers are eligible to cancel/nullify their NFIP flood insurance policy.
Prior to NFIP’s 2018 changes, canceling an NFIP flood insurance policy was price prohibitive in many cases because no refunds were available. Now, flood insurance customers can choose to cancel their NFIP policy using Reason Code 26 (duplicate coverage) if they meet NFIP requirements.
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Well-known national insurers dominate the home insurance market but specialty insurers that cover high-value homes service a segment of the market that broad-market insurers...
Ah, summertime. Long days, warm sunshine, and afternoons in the pool or relaxing as the kids and their friends take turns doing tricks off...
