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Lakewood Financial Services, Inc. Blog: private flood insurance

View the latest blog posts from Lakewood Financial Services, Inc..

Monday, December 5, 2022

Do You Need Flood Insurance Even if You Don’t Live in a Flood Zone?

You know waterfront living carries risk of flooding, but did you know that about 25 percent of all flood claims come from moderate- to low-risk areas? Every year, thousands of homes flood that aren’t in a designated flood zone. READ MORE >>

Monday, October 25, 2021

With NFIP Flood Insurance Prices Rising, Is It Time to Consider Private Flood Insurance?

Insuring a home in a flood zone has just become more expensive. Recent changes to the National Flood Insurance Program (NFIP) went into effect Oct. 1, 2021 for all new flood insurance policies, and will begin affecting existing flood policies at renewal. Under the new program, called Risk Rating 2. READ MORE >>

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