With the National Flood Insurance Premiums significantly increasing year after year “with no end in sight” and as new flood risk data is being developed across the Nation (including the issues of global warming), private insurers are starting to enter the U.S. flood insurance market place.

First on the scene is Lloyds of London, the most respected specialty insurance market place in the world.

Lloyds has created several private flood insurance markets in the U.S. with wide-ranging appetites for risk. Private flood insurance serves as an alternative to the governments National Flood Insurance Program and almost always offers better coverage’s for much lower premiums.

Every private market in our exchange is lender approved and meets the mandatory flood insurance purchase requirements of the 1994 National Flood Insurance Reform Act. Private flood insurance policies are fully compliant with Federal Law, and meet the stringent requirements of “Private Placement Insurance” imposed on them by the National Flood Insurance Program.

Private Flood Insurance programs can provide primary flood coverage for residential and commercial properties located in communities which do not participate in the National Flood Insurance Program as well as those in CBRA designated areas.


Private flood insurance carriers are “For Profit Companies”.

That said, the carrier underwriter’s will very carefully examine your risk. Having the ability to pick and choose the properties they insure will result in much lower premiums than the “One Size Fits All” National Flood Insurance Program offered by the government. You will not be subsidizing those extreme high risk areas that seem to pop up in the news every year.

FloodSmart Insurance will develop an initial application and an indication of premium based on your coverage request. Our preliminary underwriting team will examine your potential risk and shop the available private markets for you. We will find you the best coverage’s for the most reasonable premiums possible. If your risk meets their guidelines they will make you an offer to purchase their policy. The offer is good for 30 days and generally can be extended if necessary.

All of our private carriers are rated A to A+ and all are lender approved.

Private carriers reserve the right to increase the premium or decline the submission based on their underwriting and examination of risk.