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Monday, April 28, 2014

Private Flood Insurance Beats NFIP Pricing in Florida

Bankrate reported last week that private insurers from Florida have tested other alternatives to the National Flood Insurance Program (NFIP) and found the rates from other companies' rates were cheaper. The Senate passed a bill in March that gave Florida homeowners the option to not participate in the NFIP in order to encourage private coverage.

Read the article on Bankrate.com. Search for "Lower-cost flood options flow in."