Florida Flood Policy to be Offered in Six Additional States

A Florida insurance agency that stepped forward last month to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The Gainesville, Fla.-based Flood Insurance Agency began offering the private policy as an alternative to the National Flood Insurance Program, whose rates are scheduled to significantly increase as of January 1 due to the Biggert-Waters Insurance Reform Act of 2013. Now, the agency is making the policy available in six other states including, Louisiana, South Carolina, Virginia, Connecticut, New Jersey and Pennsylvania.