Flood Insurance

About Flood Insurance

Flood insurance policies are backed by the U.S. government’s National Flood Insurance Program, the NFIP.  According to FloodSmart.gov, flooding is defined by the NFIP as “a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows.” Most Homeowners policies do not cover damage due to flooding. Yet Flood insurance is required by mortgage companies if you are in a flood zone.  If you have no mortgage, flood insurance is optional, although 25% of all Flood claims in Florida happen outside of flood zones. 


Flood insurance typically costs around $500 or less for one year depending on the home, and is a good coverage to have in Florida due to the possibilities of a “wet” hurricane and Florida’s low elevation.

It is good information to know that Flood insurance covers for “rising water” coming from the ground up.  If a hurricane blows out your windows and water comes in through the window, or if a pipe bursts in your home and floods your house, those are not covered by a flood policy.  You would look to your homeowners policy for such events.

Also, it may be beneficial to you to have an Elevation Certificate done, if you don’t have one already, it may save over 50% off the cost of your flood policy.  Find out if having an “EC” done will be beneficial to you.