The National Flood Insurance Program (NFIP) is sometimes thought of as the primary option for flood insurance. However, it comes with limitations, such as lower limits, fewer coverage options, and a longer waiting period, which can leave clients exposed.
There’s a better option: the National Catastrophe Insurance Program (NCIP) from CATcoverage.com. NCIP typically offers access to broader coverage options than the NFIP, often at a lower price. CATcoverage.com’s platform shops the private flood insurance marketplace in search of the best value by analyzing a wide range of coverage options and comparing rates across multiple carriers. One app shops multiple carriers, saving you time and your clients' money.
The sign-up process is fast, easy, and entirely online! You can start quoting NCIP in minutes and take advantage of the many benefits of one of the largest private flood insurance companies in the U.S.
VS.
NATIONAL FLOOD
INSURANCE PROGRAM
FEATURES | NCIP | NFIP | COMMENTS |
|---|---|---|---|
Broad Definition of Flood | ✓ | NFIP - Requires inundation of at least 2 acres or 2 structures to trigger coverage. NCIP has no such limitation. | |
Rental Property Coverage Available | ✓ | ✓ | |
RCV on Secondary Dwellings Available | ✓ | ||
Decks Covered | ✓ | ||
Multiple Buildings Covered Under One Policy | ✓ | NFIP - You must acquire a separate policy for every structure, often creating unnecessary expense for the consumer. | |
Carports Covered | ✓ |
*Not all policies available through CATcoverage.com use the NCIP policy form.