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re: Flood insurance premiums in parts of Louisiana are about to skyrocket

Posted on 2/7/22 at 3:56 pm to
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 2/7/22 at 3:56 pm to
Is there a private company that offers flood insurance? Maybe you can get a cheaper quote from them.

The government has no business in the flood insurance business. FEMA has greatly overstated their original purpose. I feel for anyone who loses their home or has damage because of a flood. However I see a lot of homes being built at grade that realistically should be elevated.
Posted by Chad504boy
4 posts
Member since Feb 2005
167137 posts
Posted on 2/7/22 at 3:58 pm to
quote:

Is there a private company that offers flood insurance? Maybe you can get a cheaper quote from them.

Posted by cyogi
Member since Feb 2009
5142 posts
Posted on 2/7/22 at 4:04 pm to
quote:

Is there a private company that offers flood insurance?

Look up the history of private flood insurance and why the govt./FEMA took it over.
Posted by Cymry Teigr
Member since Sep 2012
2110 posts
Posted on 2/7/22 at 4:11 pm to
quote:

Is there a private company that offers flood insurance? Maybe you can get a cheaper quote from them.


Depending on where your house is and valuation, yes there are options besides FEMA/NFIP. Talk to a reputable independent insurance agent.
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