Tag: private flood insurance

Does FHA now allow private flood insurance?

Answer: No. The FHA policy requiring an NFIP coverage has not changed. See the official statement from FHA below from their FHA FAQ Database. Reference: FHA FAQ Database Can I purchase private flood insurance instead of an NFIP policy? No, private flood insurance will not satisfy FHA’s National Flood Insurance Program (NFIP) flood insurance coverage […]

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