Private Market Flood Insurance

09/15/2025

We added a new flood market with rates so low it blows our minds! We have NEVER seen rates this low. This market is exclusive to our agency. It is available in MA, RI, CT, NH & ME. Call us today!

10/08/2024

FEMA Advisory 10/08/2024

Biden-Harris Administration Provides More Than $45 Million to Hurricane Helene Survivors, Continues Addressing Critical Needs Across Southeast

FEMA Administrator Criswell Remains in North Carolina Along with FEMA Senior Leaders to Bolster Response Efforts

As response efforts continue in North Carolina and the Southeast, FEMA remains focused on getting help to people and areas that need it the most. More than 5,600 personnel from across the federal workforce are deployed, including more than 1,500 from FEMA. To date, FEMA has shipped over 11.5 million meals, more than 12.6 million liters of water, 150 generators, and more than 400,000 tarps to the region. FEMA has already helped thousands of Hurricane Helene survivors jumpstart their recoveries with more than $45 million in flexible, upfront funding.

Administrator Criswell remains in North Carolina and is actively working with local and state officials on ongoing response efforts. On the ground with Administrator Criswell are FEMA’s top senior leaders from around the country including Federal Coordinating Officer Thomas McCool, Region 4 Regional Administrator Robert Samaan, Region 3 Regional Administrator MaryAnn Tierney, Region 7 Regional Administrator Andrea Spillars, and Chief Financial Officer Mary Comans to help oversee response operations.

Disaster survivors in certain areas of Georgia, Florida, North Carolina, South Carolina, Tennessee, and Virginia can begin their recovery process by applying for federal assistance through FEMA. People with damage to their homes or personal property who live in the designated areas should apply for assistance, which may include upfront funds to help with essential items like food, water, baby formula, and other emergency supplies. Funds may also be available to repair storm-related damage to homes and personal property, as well as assistance to find a temporary place to stay. Homeowners and renters with damage to their home or personal property from previous disasters, whether they received FEMA funds or not, are still eligible to apply for and receive assistance for Hurricane Helene.

Disaster survivors in declared areas can begin their recovery process by applying for federal assistance through FEMA. People with damage to their homes or personal property who live in the designated counties or independent cities should apply for assistance, which may include upfront funds to help with essential items like food, water, baby formula and other emergency supplies. Funds may also be available to repair storm-related damage to homes and personal property, as well as assistance to find a temporary place to stay.

05/11/2022

This is why you need flood insurance - even if you are on stilts.

01/26/2022

Attention Realtors: Click here to attend this class.
https://members.rasem.realtor/event-calendar/Details/understanding-flood-zones-in-real-estate-535162?sourceTypeId=Website

09/24/2021

The cost to insure coastal homes is about to skyrocket!

FEMA has completely revamped the rating system for the National Flood Insurance Program (NFIP). Starting October 1st, 2021, the rates for new NFIP policies take effect. Policies will renew on the new system starting 4/1/22. The new rates will better reflect the true risk of flooding. Some coastal premiums will sharply increase! The current NFIP program subsidizes many risky coastal homes. So, homeowners have all been paying much more than they probably should have to subsidize coastal or high-risk homes in other parts of the country. Florida, Louisiana, and Texas for example will see huge increases. Policies that once cost 800 are jumping up to over $7,000+!

Up here in New England, we should expect to see modest decreases in many cases. Some coastal communities and more expensive homes will see some increases, but nothing like the pain being felt in the southern states.

The new program takes into account distance to a water source, elevation, prior flood claims, size of the home and the cost to rebuild. So large homes near the ocean could see higher jumps in rates. FEMA’s goal is fairness. They aim to educate homeowners to better understand their flood risk. The days of subsidized rates are GONE!

We have rated several properties in the new system already and vast majority of them are seeing a reduction in rate. According to FEMA, 39% of Massachusetts homeowners will see a decrease, 49% will see modest increases and 12% will see substantial increases.
FEMA will also be “phasing-out” grandfathering. This means that your policy will increase to the “full risk rate” over a period of years. The rate increases are capped at 18% per year.

Under the new program, elevation certificates are no longer required. FEMA is able to get fairly accurate elevations via satellite. Sometimes an elevation certificate can help if there is a discrepancy in your elevation. It gives the agent an exact picture of your home and its potential flood risk.

Our agency has over 21 flood carriers that we write with. FEMA or NFIP is just one of our markets. If you are better off in the Private Market vs. FEMA, we will give you the best quote. Remember that a policy in the Private Market is the same, if not better than an NFIP policy.

Let us know if you have any questions or if you would like a quote.
https://coastalinsurancema.com/

09/14/2021

We are very excited to announce the addition of 7 NEW Private Market Flood carriers! With over 20 flood markets, we continue to provide competitive rates for our clients while retaining our high service standards.

08/20/2021

Get ready NOW!

Hurricane Preparedness Guide - https://mailchi.mp/hccinsuranceagency/hurricane-preparedness-guide

07/23/2021

Quoted a seasonal home on Cape Cod. They are currently paying over $5,800 for their flood insurance. Our quote was $1,401! How much can we save you? Share this with your friends near the coast!

07/23/2021

What an honor to be named 2021 Best of the SouthCoast! Thank you South Coast Almanac, Marlissa Briggett & Rebecca Hemsley Gakidis.