Read the fine print on private flood insurance

RIGHT FIT: Sarah Lassor and Howard Thorp, of Thorp & Trainer Insurance, are on a deck on Atlantic Avenue in the Misquamicut section of Westerly. Thorp says private flood insurance isn’t right for ­everyone.
 / PBN PHOTO/
BRIAN MCDONALD
RIGHT FIT: Sarah Lassor and Howard Thorp, of Thorp & Trainer Insurance, are on a deck on Atlantic Avenue in the Misquamicut section of Westerly. Thorp says private flood insurance isn’t right for ­everyone.
 / PBN PHOTO/
BRIAN MCDONALD
The flood-insurance market for Rhode Island has opened up in recent years, with more private options now available. But before businesses and homeowners try to switch from the national flood-insurance program, and secure a lower rate, agents offer some cautionary advice. For starters, there is no way really to lock in a rate. The federal…

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