In this podcast we are discussing flood ways. Are they creating a one way street for flood insurance.
We briefly discuss the two types of flood insurance
What impact does floodways have on flood insurance? Does it impact a NFIP and private flood policy the same way?
Remember NFIP and private flood insurance look at underwriting differently when it comes to determining flood insurance rates.
When a flood map is changed it can also change the flood way. As a result it can impact flood insurance. We discuss what can happen when these flood ways change.