Flood Insurance in Florida: What You Need to Know

Living in Florida means enjoying year-round sunshine, beautiful beaches, and a laid-back lifestyle. But it also means being at risk for flooding, especially during hurricane season. In fact, Florida is one of the most flood-prone states in the country, with more than 3.5 million properties at risk.

If you own a home or business in Florida, it’s important to protect yourself from the financial devastation of a flood. That’s where flood insurance comes in. Here’s what you need to know.

What Is Flood Insurance?

Flood insurance is a type of insurance that covers damage to your property caused by flooding. This can include damage from storms, hurricanes, heavy rains, and even burst pipes. Flood insurance is not included in a standard homeowners or renters insurance policy, so it’s important to purchase it separately.

In Florida, flood insurance is available through the National Flood Insurance Program (NFIP), which is run by the Federal Emergency Management Agency (FEMA). You can also purchase flood insurance through private insurance companies, although these policies may have different terms and coverage limits.

Do You Need Flood Insurance in Florida?

If you live in a high-risk flood zone in Florida, you are required by law to have flood insurance if you have a mortgage on your property. Even if you don’t live in a high-risk zone, it’s still a good idea to have flood insurance, as more than 20% of flood claims come from properties outside these zones.

How Much Does Flood Insurance Cost in Florida?

The cost of flood insurance in Florida depends on a variety of factors, including your property’s location, elevation, and construction type. Premiums can range from a few hundred dollars to a few thousand dollars depending on the characteristics. Reaching out to your local insurance agent to compare prices is a good place to start and learn about your flood insurance options.

It’s important to note that there is a 30-day waiting period before your flood insurance policy takes effect unless it is for a loan closing. So if you’re thinking about purchasing flood insurance, don’t wait until a storm is on the horizon.

Protect Yourself from Flood Damage

As a Florida resident, it’s important to take steps to protect your property from flooding. This can include installing flood-resistant materials and elevating your home or business. But even with these measures in place, there’s always a risk of flooding in Florida. That’s why flood insurance is a crucial part of your overall insurance plan.At Floodwiser,, we can help you find the right flood insurance policy for your needs and budget. Contact us today at (305) 452-0587 or visit our website at www.floodwiser.com for a flood insurance quote in under 5 minutes.

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