What you pay for NFIP flood insurance often has a lot to do with how much flood risk is associated with your property. Mitigating your flood risk not only protects your property against flood damage but can also help lower insurance costs. Common flood mitigation options include:

• Elevating utilities

• Installing flood openings/vents

• Elevating your building

• Filling in a basement

• Relocating your building

Choosing a higher deductible will also lower your premium, but it means you will need to cover more of the cost to rebuild out of pocket (or out of savings).