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NFIP flood insurance is backed by the federal government, whereas private flood insurance isn't federally backed but often comes with higher coverage limits. 🌊 NFIP vs Private Flood Insurance 💰 Better Coverage & Savings Explained | My Insurance People While private flood insurance and the NFIP offer similar policies, a private insurance company can typically provide more flexibility in coverage limits and
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Increasing private insurance, however, may have some downsides compared to the NFIP. Private coverage would not be guaranteed to be Private Flood Insurance vs NFIP: Key Differences Explained What I'm seeing is NFIP policies are costing around $1000/year for paltry (maximum) $250k coverage. However, providers like Beyond Floods and
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