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Florida Flood Insurance

A potentially catastrophic exposure for many insureds in Florida is flooding.  Yet, as you might have noticed or heard, all Florida property policies routinely exclude flood from coverage.  The major provider of flood insurance thus, is the Federal government through the National Flood Insurance Program (NFIP).  Many private insurance companies provide this coverage through a “write your own” program that is backed by the NFIP.

Flood, as used here means:

  1. 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 from overflow of inland or tidal waters, unusual and rapid accumulation of runoff of surface waters, or mudflow.
  2. Collapse of land along the shore of a lake or similar body as a result of erosion or a similar phenomenon.

Not every community is eligible for the NFIP.  First they must apply for the program and so on.  To be an eligible building it must be a normal building or structure that is a certain level above the ground.

Replacement cost applies to single family building losses for an individual insured’s principal residence.  All other loses are valued at actual cash value.

If you want to get a Florida flood insurance quote or plan, East Coats Homeowners Insurance will gladly write the policy or click here for a flood quote.  Currently we offer flood policies through Tower Hill or Federated and can include the coverage in your current homeowners policy.