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What are Mirrored Flood Insurance Policies?

November 17th, 2020

1 min read

By Chris Greene

 

 

Ever looked into a mirror?

Of course you have who hasn't. Maybe you liked what you saw or maybe you didn't.

Thats a whole different issue.

More than likely whatever was in front of the mirror is exactly what you saw.

In this video we look at mirrored flood insurance policies.

We discuss how certain things have to be exactly the same as the standard flood insurance policy with the National Flood Insurance Program.

It's important to understand that not everything has to be the same.

In the video we also look at how flood insurance claims are paid on a mirrored flood insurance policy.

One thing we don't discuss in the video is pricing. While many things have to mirror a National Flood Insurance Program standard flood policy price is not one of them.

It's important to understand that pricing could be a big difference between National Flood Insurance Program policies and private flood insurance policies.

 

In this video we also discuss the private flood insurance clause.

What is the private flood insurance clause?

This the clause almost all banks look for on a private flood insurance policy. It list the things that are required to match what is on a National Flood Insurance Program policy.

The video below list what some of these things are and what to look for.

 

So maybe you have further questions about making sure your flood insurance policy meets these requirements. The click here so we can do a flood review for you.

Also if you want to learn more make sure to visit our YouTube channel or our podcast where we put out daily flood education information.

Remember we have an educational background in flood mitigation. Which means we can help you understand your flood risks, flood insurance, and mitigating your property long term.

 

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Chris Greene