re: Anyone use Private Flood Insurance, eg Neptune Flood Insurance?

One thing to consider is that private flood insurance is typically thru a surplus lines company. If a surplus lines company becomes insolvent and can’t meet their claim obligations, policyholders are pretty much shite out of luck. Admitted carriers have a secondary backing through their state’s insurance guaranty association (up to $500k per claim in Louisiana thru LIGA) if they become insolvent but surplus lines carriers do not.

You wouldn’t have to worry about NFIP being unable to pay claims after a catastrophe….the feds will just borrow (print) more money.

ETA: you can look into an excess flood policy too. Carry a max limit $250k building and $100k contents NFIP policy then the excess policy provides the additional coverage once your NFIP policy pays out policy limits on a claim.