Florida Flood Insurance

Even though flood insurance is relatively inexpensive, most homeowners
do not choose to purchase the insurance protection available. According
to the Federal Insurance Administration, less than one-quarter of the
homes in areas most vulnerable are insured against flood loss. In those
areas, flooding is 24 times more likely to occur than a fire during the
course of a typical 30 year mortgage.

A standard homeowners insurance policy will not cover damages caused
by flooding. You must have flood insurance from an insurer that writes for
the National Flood Insurance Program. If your community participates in a
floodplain management program, you should be eligible to buy the coverage
no matter if your flood risk is low, medium or high. Residents of "coastal
barrier areas" and communities that do not participate in floodplain
management programs may have trouble finding flood insurance coverage.
Florida flood insurance is also available to renters, condominium
owners, and co-op owners.

Flood Perils Include:

A general and temporary condition of partial or complete inundation of
two or more acres of normally dry land area or of two or more
properties at least one of which is yours from:

Collapse or subsidence of land along the shore of a lake or similar body
of water as a result of erosion or undermining caused by waves or
currents of water exceeding anticipated cyclical levels that result in flood
as defined above

Unusual & rapid accumulation of runoff or surface waters from any
source that result in a flood as defined above

Overflow of inland or tidal waters that result in a flood as defined above

Mudflow defined as a river of liquid and flowing mud on the surfaces of
normally dry land areas, as when earth is carried by a current of water that
result in a flood as defined above

Outside of fire, flooding is the most widespread natural disaster. According
to the National Flood Insurance Program, two adjacent properties have to
be under water to call the situation a flood. In a rural area, at least 2 acres
must be submerged.

The two primary types of Florida Flood Insurance Policies are listed below.

Actual Cash Value Policy

The value of property as figured by determining the cost to replace the damaged or
destroyed property and adjusting the replacement value by subtracting an amount
that reflects depreciation. Or in other words, replacement cost minus
depreciation. Homeowners are entitled to a replacement cost value if they live in
their homes at least 80% of the time and have flood insurance coverage for at least
80% of their home's market value.

Commercial and apartment buildings will be covered only for actual cash value.

Replacement Value Policy

The amount it costs to replace or rebuild a damaged property. Replacement cost
coverage is available only for the building portion of a condominium insurance
policy. Owners of single-family homes may be able to buy replacement cost
coverage on the building portions of their flood insurance policies. A Florida flood
insurance replacement value policy will pay only the replacement value up to the
coverage limit providing the following conditions are met:

1. the insured building is a single-family dwelling

2. the insured dwelling is your primary residence, meaning you live there at
least 80% of the year

3. the insured dwelling coverage is at least 80% of the current full
replacement cost of the dwelling, or the dwelling limit is the maximum
allowed for the dwelling under the current NFIP guidelines

For example, if rebuilding your home will cost $250,000, but you only purchased
$200,000 in coverage, your insurance policy will pay you only $200,000.

Southeast Florida in particular has special flood insurance concerns from tropical
storms and hurricanes. Be prepared! Click on the link below to fill out a secure
quote request form for a Florida Flood Insurance policy that will provide excellent
personal insurance coverage at an affordable cost. Or you can speak with our
Florida Flood Insurance specialist toll free at 888-487-1445 to discuss the policy
features in more detail.

Click here to fill out a

Florida Flood Insurance

quote request form

We are an independent Boca Raton, Florida insurance agency offering low cost flood insurance
policy premiums in the following towns, cities and counties in south Florida: Boynton Beach,
Gulf Stream, Delray Beach, Lantana, Rainbow Lakes, Atlantis, Lake Worth, South Palm
Beach, Palm Springs, Greenacres, Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera
Beach, Glen Ridge, West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Coral Springs,
Fort Lauderdale, Parkland, Coconut Creek, Margate, North Lauderdale, Lighthouse Point,
Hillsboro Beach, Deerfield Beach, The Hamptons, Highland Beach, Weston, Plantation,
Playland Isles, Melrose Park, Lauderhill, Sunrise, Tamarac, Wilton Manors, Oakland Park,
Lauderdale Lakes, Sea Ranch Lakes, Villages of Oriole, Pompano Beach, Lauderdale-by-the-
Sea, Boca West, Boca Pointe, Juno Beach, North Palm Beach, Loxahatchee, Belle Glade,
Palm Beach Shores, South Miami, Cutler Ridge, Princeton, Perrine, Naranja, Homestead,
Florida City, Leisure City, Richmond Heights, Pinecrest, Howard, Coral Way Village,
Westchester, Westwood Lakes, Brownsville, Sweetwater, Key Biscayne, North Bay Village,
Miami Beach, Miami Springs, Virginia Gardens, Hialeah, El Portal, Miami Shores, Medley,
Indian Creek, Surfside, Bal Harbour, North Miami, Biscayne Park, Pinewood Park, Opa Locka,
Bunche Park, Hialeah Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami Lakes,
Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach, Aventura, Uleta, Miramar,
Pembroke Pines, North Miami Beach, Hallandale Beach, Ives Estates, Pembroke Park, Coral
Gables, Kendall, Dania Beach, Cooper City, Davie, West Miami, Hollywood, Broward County,
Martin County, Miami-Dade County, and Palm Beach County, FL. We can also offer low cost
Florida flood insurance policy coverage services throughout the Sunshine state, including in
Winter Haven, Lakeland, Miami, Orlando, Tampa, St. Petersburg, and Jacksonville, FL.

To review the Federal Emergency Management Agency's
Flood Maps for your property...click HERE!

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.

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