In this video, we want to talk about policy assumptions. We always discuss this, but we want to focus on doing a policy assumption or transfer for a deceased insured.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

Policy assumption is one of the greatest tools in flood insurance. This can help people who are buying a house find an easier means to flood insurance by adopting the one that the seller already has.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

The federal-backed National Flood Insurance Program (NFIP) has a unique system wherein you can actually get the existing flood policy from the seller of the house that you're buying. This is called a policy assumption.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

If you've been following us, you know that we've already discussed what a flood insurance transfer means. In this video, we help you understand what a flood insurance policy rollover means.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

We've talked about how assuming a policy when buying a house can be a great tool for a homeowner. For this one, we want to go in-depth and really understand how policy assumptions work.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

When buying a home, you want to lessen the costs as much as possible without cutting corners. This is especially true when it comes to flood insurance.

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

In this video, let's do a little storytime on our experience here at Flood Insurance Guru on policy assumption and answer the question: Is doing a policy transfer really the best thing to do?

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com