This video provides a quick overview about the payment options available for an NFIP flood insurance policy.
What Payment Options Are There?
If this is the first time you are purchasing a flood insurance policy, the premium must first be paid in full for submission to the insurance company with the application to request for coverage. The NFIP doesn’t currently offer payment plans.
If you live in a high-risk flood area, your mortgage lender may require that your flood insurance premiums be included as part of your escrow account.