Is Your Florida Home Covered by Flood Insurance?

While your house in Florida can be your most important asset, sometimes it can also be a huge liability.  Therefore, you should take care of it by providing long-term safety and upkeep.  At times, it can be hard to understand if there’s a separate policy for flood insurance, or whether your homeowner’s insurance covers these damages or not.

Why is a Florida home at risk?

There are many misconceptions about flood and home insurance in Florida, but with this post, you’ll understand when to have the right insurance that covers calamities.  Here’s a quick guide that helps determine the need of flood insurance coverage for your home.  Some important points will ensure the security of your property.

  1. Homeowner’s insurance covers flood damage. This is a big misconception most people think is true all the time.  But the truth is, most Florida insurance carriers don’t cover a home with flood damage.
  2. I don’t live in a flood-zone area, therefore there’s no need to get covered by flood insurance. Depending on Florida’s and other state’s geographic location, the level of flooding is connected with the ground foundation of a constructed home. But Florida is a flood-zone state according to Federal Emergency Management Agency (FEMA).
  3. It’s really costly to have flood insurance. It can be, depending on where your house is located. Also, there are specific locations where flood insurance can be more expensive. But for the people in Florida, who don’t have mansions on the beach, typically flood insurance is obtainable with an affordable and reasonable rate.

Is Your Florida Home Covered by Flood Insurance

NFIP – National Flood Insurance Program

In 1974, the Federal government started NFIP to secure Florida houses from flood damages brought about by heavy rains, tropical storms and hurricanes. To be able to buy flood insurance, it is required that the city you live in is a member of NFIP which supports the flood management guidelines.

  1. Low-to-moderate flood risk zones. Homeowners in Florida can even save money from their flood insurance if their house is within the FEMA Preferred Risk Policy (PRP) Zone.  With this, homeowners can buy flood insurance with low rates if they belong to the low-to-moderate flood risk communities.
  2. High-risk zones. There are high-risk areas of flood in Florida. The rates for these zones rely much on factors like how homes got constructed and the sea level relationship with the houses.  Flood insurance can be obtained for the content and structure—or even both.

What really covers flood insurance?

The flood insurance rates of your home property are determined by some essential factors. These include the risk level of your home, how it was constructed and the year it was built.  Below are some things covered (but not limited to) by flood insurance coverage:

Personal property content coverage

  1. personal items – clothes, furniture, electronics
  2. portable and window AC units
  3. carpet
  4. dryer & washing machine
  5. freezer and its content
  6. microwave and dishwashers
  7. other related things that can be considered

Building and property coverage

  1. structural and foundation
  2. electrical system and plumbing
  3. heaters for water & furnace and central air condition unit
  4. appliances like ovens, refrigerators and dishwashers
  5. other related items that can be considered

Things not covered

  1. moisture and mold damage that can be prevented by the homeowner
  2. money, metals, valuable papers (e.g. Stock Certificate, etc.)
  3. outside property: wells, trees, walkways, septic tanks, decks, etc.
  4. expenses incurred because of hotel stays
  5. financial loss due to company interruption

Is Your Florida Home Covered by Flood Insurance

In Florida there are tons of insurance providers everywhere, but only few provide a personalized service delivered to clients each day.

To learn more about flood insurance in Florida, please contact us at DMG Insurance and Financial Services, Inc. ( at 543 N State Road 7, STE 106, Royal Palm Beach EL, 33411, phone 561 422 7071, Fax 561 422 7072.

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