The Lender-Placed Flood Insurance Market for Residential Properties

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This report attempts to more precisely quantify private insurers’ role in underwriting flood insurance on residential structures and condominium units, focusing on policies placed by lenders to comply with the NFIP’s mandatory purchase requirement (MPR). This information will help FEMA staff more fully understand and quantify the percentage of homes financially protected by flood insurance. This report also analyzes how lender-placed flood insurance policies compare with those offered by the NFIP and examines the structure and buyer perceptions of the private market. This information will help FEMA staff assess the extent to which such private policies meet the MPR’s insurance standards and help Congress, FEMA, and other stakeholders develop and evaluate proposals to improve the public and private mechanisms in place to provide insurance against flood risk.
SizePublication Date
Icon for file of type text/plainThe Lender-Placed Flood Insurance Market for Residential Properties
136.14KMay 1, 2007
Icon for file of type application/pdfThe Lender-Placed Flood Insurance Market for Residential Properties
404.66KMay 1, 2007
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