What is the Preferred Risk Policy™ (PRP™)?
The Preferred Risk Policy™ is a private flood insurance program designed specifically for homes and rental properties in low- to moderate-risk flood zones (Zone X, B, or C). It offers affordable premiums, simplified underwriting, and coverage equal to or better than the National Flood Insurance Program (NFIP).
Who is eligible for this policy?
To qualify, the property must:
- Have a maximum building value (TIV) of $500,000
- Be located in Flood Zone X, B, or C
- Have no prior flood losses
How much does it cost?
Premiums start as low as $50 and range up to $200, depending on the building and contents coverage selected. Total cost including fees may vary slightly by state.
Is this backed by a reputable insurer?
Yes. The policy is underwritten by Lloyd’s of London, rated A (Excellent) by AM Best—offering strong financial backing and claims confidence.
How is this different from NFIP coverage?
The PRP™ offers:
- Lower premiums for qualifying properties
- Replacement cost coverage (vs. NFIP’s actual cash value in many cases)
- Instant online binding
- More flexible payment options
How do I get a quote?
Just click “Get Quote” on our site. You’ll be redirected to our partner platform at Flood Risk Solutions (FRS) to complete a quick form. You’ll receive a quote instantly and can bind coverage within minutes.
Is it safe to buy through GetFloodQuote?
Absolutely. GetFloodQuote is a trusted affiliate partner of Flood Risk Solutions, a tech-driven MGA specializing in flood insurance. All quoting, binding, and payments are processed directly through their secure system.
Can I get this insurance if I’m renting?
Yes! Renters can get contents-only coverage starting at $50/year. It’s a great way to protect your personal belongings from flood damage, even if you don’t own the building.
Can insurance agents offer this product too?
Yes. Licensed agents can register with FRS and earn 20% commission on each PRP™ policy. If you’re an agent, click Login/Signup at the top of the FRS page to get started.
How long does it take to get covered?
The quoting and binding process typically takes under 1 minute. There’s no waiting period once the policy is bound and paid—your coverage starts immediately.