MyFloodInsurance.com has been expanded to allow for real estate agents and homebuyers to receive instant flood insurance quotes from multiple flood insurance companies, as well as the National Flood Insurance Program (NFIP).
The My Flood Insurance widget can be added to any website to allow for direct access to the quoting system.
The Flood Disaster Protection Act of 1973 made flood coverage mandatory for federal mortgages on properties in high-risk flood zones. Aurora Insurance Technologies and National Flood Insurance developed My Flood Insurance to assist homebuyers and real estate agents in quoting and securing the necessary coverage, thereby avoiding flood insurance-related closing delays.
According to recent studies, 41 million Americans live in high-risk flood zones, but manny homebuyers don’t discover their flood insurance requirement during the loan process, leading to closing delays or canceled contracts due to the uncovered additional expense, the company said.
My Flood Insurance was developed by Aurora Insurance Technologies, a partnership between Shoothill Software, Inc and National Flood Insurance, LLC (NFI). NFI is a flood-only insurance agency.
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