How can I get Florida flood insurance?


Buying Florida flood insurance is easy - it is readily available through the National Flood Insurance Program (NFIP) and is offered by almost all insurance providers operating in the state.

Why Buy Florida Flood Insurance

Florida is one of the states that are traditionally not spared by storms and floods during the hurricane season. Sometimes Floridians have to live through several hurricanes every summer - very often suffering the devastating consequences of the natural disasters and incurring property losses for hundreds of thousands of dollars.

Being exposed to so many hazards, residents of Florida flood zones are urged to 'arm' themselves for the worst case scenario. The pity is that few people are aware that their homeowners policies do not cover the hazard of flood. They need to purchase separate flood insurance offered by the National Flood Insurance Program. The good news is that the coverage is relatively inexpensive, with the average flood insurance being around $450 per annum.

Not only the people living on the coast of Florida are exposed to the hazard of flooding: there are some inland areas hundreds of miles from the coast, which are subject to torrential rainfalls. People in Florida's high-risk flood zones usually pay the highest flood insurance premiums, whereas individuals living in low-risk or moderate risk areas are offered flood insurance at low rates.

Florida Flood Insurance - Special Considerations

  • The maximum flood insurance coverage that can be purchased by property owners is $250,000, with an extra coverage of $100,000 for the dwelling's contents.
  • Flood insurance is renewable every year.
  • Business owners can also obtain flood insurance but the coverage amount cannot be in excess of $500,000 for the commercial buildings and $500,000 for contents protection.
  • In order for a flood policy to come into force, there is a waiting period of 30 days from the purchasing of the insurance.
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