Mid-Term Cancellations With The NFIP – How It Benefits You

Mid-Term Cancellations With The NFIP – How It Benefits You   Imagine this scenario: you’re a homeowner located in Flood Zone A or V, which means your mortgage company requires you to have flood insurance. For years you’ve had your policy through The National Flood Insurance Program (NFIP) and paid your premiums through your monthly […]

The NFIP is increasing rates soon. Is TypTap too? (Hint: we’re not!)

  Not a prank, the NFIP is raising rates on  April 1st   Spring has officially begun! We can expect warmer weather, fresh flowers, and annual premium rate increases by the National Flood Insurance Program (NFIP). Beginning April 1, 2018 policyholders will see an average rate increase of 8% if their policy is with the […]

Loss of Use: Do I have it on my flood policy?

What is Loss of Use? Loss of Use, or Additional Living Expense, may sound familiar from your homeowners insurance policy, but it can also be found on some flood insurance policies. Loss of use coverage covers any additional living expenses, meaning any necessary expense that exceeds what you normally spend. Today we are going to take […]

Are You Prepared for Hurricane Season?

As you know, hurricane season officially begins on June 1st each year. While that may seem like a long time from now it is never too early to begin your hurricane preparations. And, in the wise words of Benjamin Franklin, “an ounce of prevention is worth a pound of cure.” So, today we’ll take Ben’s […]

What is an Elevation Certificate?

Let me start with some great news! TypTap does not require an elevation certificate to purchase a flood policy. We can do this not because we think the information provided on an elevation certificate isn’t important (it is), but we can lift this burden from the client and partner agencies because of the proprietary software […]

What is a flood insurance deductible and how does it work?

Like most other insurance products, your flood insurance has a deductible as part of the policy. But what exactly is a deductible? According to the Insurance Information Institute a deductible is defined as:              “An amount of money that you yourself are responsible for paying toward an insured loss. When a disaster strikes your home […]

What is a Flood?

TypTap is based in Florida so as you might imagine Hurricane Irma has been a big topic of conversation over the last few months; and most of these conversations are discussing claims.  According to the Florida OIR (Office of Insurance Regulation) just under half of those claims have been closed without payment. Many policyholders, not […]

What Does Private Market Flood and Admitted Mean?

Flood insurance can be a complex subject for those who don’t have experience in the industry. To make it more confusing carriers use words like “Private Market” and “Admitted” as a selling point for their products. But are these words just fancy sales tactics to try and lure you in or do they actually have […]

Who is TypTap?

So, who is TypTap you’re wondering? TypTap is Florida’s FIRST admitted, Private Market stand-alone flood insurance carrier. It’s a mouthful, we know. It’s fancy words for: TypTap is the first admitted alternative to the National Flood Insurance Program (NFIP) for flood insurance. TypTap believes in providing quality flood insurance without the hassle. Simplicity. Fairness. Choice. These […]

HCI Group Appoints Former E.W. Blanch CEO, Ted Blanch, as President of TypTap

ISSUER DIRECT: TAMPA, Fla., June 06, 2016 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has appointed insurance industry veteran Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. Blanch brings years of industry experience to TypTap, […]