“Shortly after the 1st of the New Year FEMA is widely anticipated to increase flood insurance premiums a whopping 25% and add an additional $250 surcharge for non-primary residences and commercial properties”, says Evan Hecht, coverholder for the Lloyd’s of London Private Market Flood program.


“Private Market Flood targets older pre-FIRM properties with premiums lower than FEMA and is especially competitive on non-primary residences and commercial properties even before the impending FEMA rate increases, at which time, the premium discrepancy will become even greater.” This is very good news for property owners in the 26 States Private Market Flood now offers policies and the 10 additional states Hecht says will be added before October 1st.

Pleased call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life & Financial products as well. Please enjoy the full article below.