No. We use computer scoring and underwriters
who evaluate properties on an individual
basis.

Yes, thousands of banks, mortgage companies and
credit unions accept alternative flood policies as
an alternative to a FEMA flood policy.

Yes, purchasing an alternative flood policy from
FloodSimple is quick and easy. Simply provide a
small amount of information about the property and
an underwriter will evaluate it within 24 hours.
If the property is approved you can purchase a policy
by mailing a check or paying online with a credit card
or electronic check.

The difference between what is covered under the
homeowner's insurance and what is covered under this
policy really depends on the source of flooding. If the
flooding is an accumulation of surface water from
outside your property a flood policy is meant to cover
this. If it is natural water entering from an opening
in the roof, walls, or windows or if the water is
processed tap water that leaks from your water pipes
or appliances (water heater, washer), it should be
covered under most homeowners’ policies.

Lenders are mandated under the Flood Disaster
Protection Act of 1973 and the National Flood Insurance
Reform Act of 1994 to require the purchase of flood
insurance by property owners who acquire loans from
federally regulated, supervised, or insured financial
institutions for the acquisition or improvement of land,
facilities, or structures located within or to be located
within an special flood hazard zone.