Flood Insurance in Des Moines Iowa
National Flood Insurance Program
- Flood insurance is through federal government
- Government controls rates
- Rates generally are much higher
- Claims are handled through government
- Dwelling coverage only goers to $250k
- Contents coverage only goes to $100k
- Replacement cost is an additional cost
- Required on government loans
Private Flood Insurance
- Flood insurance is through private insurance company
- Insurance company controls rates
- Claims are handled through government
- Dwelling coverage goes to $10 million
- Contents coverage goes t0 $1 million
- Replacement cost is included
- Available on non traditional loans and properties with no mortgage