DISCOUNTED FLOOD INSURANCE PROGRAM (DFIP)
Effective October 1, 2012, the Federal Emergency Management Association (FEMA) no longer authorizes the ability for an agency to rebate commissions on any National Flood Insurance Program’s (NFIP) policies. Statewide Condominium Insurance, who has been the leader in rebating in the State of Florida, has developed a new discounted flood insurance program that continues the savings offered by the rebating.
Our Discounted Flood Insurance Program (DFIP) can save an association up to 20% off the current NFIP rates. The DFIP is written through an A+ XV rated carrier and by the new statute must be accepted by all lenders as qualified coverage. The DFIP also offers better coverage than the NFIP by eliminating the Co-Insurance Clause.
If you currently have flood coverage in place, please consider allowing us to show you the potential savings that can be achieved by our Discounted Flood Insurance Program. Please call or email us today for a no obligation quote.
We are constantly searching for ways to reduce your insurance costs, allowing us to remain one step ahead of our competition. We offer creative financing including low down payments and lowest interest rates in the market.
Statewide Condominium Insurance, with our new Discounted Flood Insurance Program, continues to remain the leader in offering the best ways to cover Community Associations throughout the State of Florida.