Do You Have Private Market Flood Insurance in Baton Rouge?

[Robert Leonard]

I have private market flood insurance on one of my properties, but it did not flood in what many are referring to as "The Great Flood of 2016." I switched from a FEMA policy because the rate was nearly 50% less than FEMA's annual rate. I am curious to hear what others' experiences were with private market flood insurance? If you or anyone you know had private market flood insurance, how have the private insurers been to work with? Have they paid claims competitively with FEMA in regard to timeliness of payment and reasonable amounts paid for damages? What is the "word on the street" about whether or not it's a good idea to have private market flood insurance in our market after this recent event?