SuperMoney
  FedNat Insurance
FedNat Insurance
in Flood Insurance from FedNat Insurance Company
Unaffiliated

FedNat Insurance

Unaffiliated
in Flood Insurance from FedNat Insurance Company
Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend FedNat Insurance to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Financial Strength Rating A

FedNat Insurance Review

FedNat Insurance is an insurance carrier based in Ft Lauderdale, FL. The company was founded in 1992 and offers flood insurance in 6 states in the USA. Flooding is the number one natural disaster in the United States. According to FEMA floods cost Americans more than a billion dollars a year. However, standard homeowners insurance policies don't cover flood damage. 

FedNat Insurance FAQ

What types of coverage does FedNat Insurance offer?

Flood insurance includes a variety of coverages. One of the best ways to saving money on your home insurance is to only pay for the coverage you need. There are two main types of flood insurance: policies offered by the National Flood Insurance Program (NFIP) and those provided by private companies, also known as excess flood coverage. FedNat Insurance only offers federal flood insurance policies..

NFIP Flood Coverage: Flood insurance through the National Flood Insurance Progam has two basic policies. One that covers the building property up to $250,000 and one that covers personal property up to $100,000.

  • Dwelling Coverage: Also called dwelling insurance. This is the part of your flood insurance policy that helps pay for the rebuilding or the repair of the physical structure of your home. Federal flood insurance has a maximum coverage of $250,000. If you have a mortgage, your lender may require you to apply for excess flood coverage.

  • Personal Property Protection: This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them. Federal flood insurance through the National Flood Insurance Progam maxes out at $100,000. If that doesn't cover the value of your personal property, consider buying excess flood coverage.

FedNat Insurance customers can also add the following riders or endorsements to their home insurance policies:

How can you save money on a FedNat Insurance home insurance policy?

When you ask for a quote with FedNat Insurance, make sure you ask for all the discounts you qualify for. These are the property-specific discounts currently available. 

  • Flood Zone Designation: The Federal Emergency Management Agency (FEMA) creates flood zone maps that estimate the risk of flooding.
  • Freeboard (Property Elevation Above BFE): Homewoners who elevate their homes above the base flood elevations (BFEs) pay lower premiums. For example, adding a 2-foot elevation to a home could reduce your flood insurance premiums by more than $1,000 a year.
  •  

    Want more discounts? Check the discounts tab for a full list of general policy discounts you can qualify for with FedNat Insurance.

    What additional benefits does FedNat Insurance offer?

    FedNat Insurance offers the following benefits to its customers:

    • Local Agents: Perfect for people who prefer the personal touch of a local insurance agent.

    What is the financial strength rating of FedNat Insurance?

    The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies.  SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

    FedNat Insurance scores an A or excellent, which is SuperMoney's second highest available score.

     

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Message From FedNat Insurance

    Most homeowners insurance policies do not cover flood damage to your home or personal property. However, many people fail to secure flood insurance even when they are located in flood-prone areas such as Florida where loss from flood damage is 26 times more likely to occur than from fire. FedNat’s homeowners and flood insurance professionals can assist you with determining the optimum amount of flood coverage you need to remain high and dry. Don’t get soaked without flood insurance from fednat insurance company.

    Contact

    Hours of Operation

    • Sunday Closed
    • Monday 8:00am - 6:00pm
    • Tuesday 8:00am - 6:00pm
    • Wednesday 8:00am - 6:00pm
    • Thursday 8:00am - 6:00pm
    • Friday 8:00am - 6:00pm
    • Saturday 9:00am - 3:00pm

    About FedNat Insurance

    Availability

      Available in 6 states
    • Alabama
    • Florida
    • Georgia
    • Louisiana
    • South Carolina
    • Texas

    Feature Breakdown

    Property Discounts
    • Flood Zone Designation
    • Freeboard (Property Elevation Above BFE)
    Home and Renters Insurance
    • Personal Property Protection
    • Dwelling Coverage
    Home and Renters Insurance Riders Flood Coverage (Federal)
    Financial Strength Rating A
    Carrier Features Locally Available Agents

    Be the first to rate

     

    Would you recommend FedNat Insurance to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    (will require moderator approval)