Demand for private flood insurance may increase as the cost of government-subsidized insurance rises, but Fitch Ratings is doubtful that coverage offered by either insurers or capital markets investors would be affordable.

The private insurance market does currently provide coverage for flood risk, but it is generally limited to commercial flood policies and excess homeowners flood coverage above the maximum $350,000 of building and contents coverage provided by the National Flood Insurance Program (NFIP).

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.