Florida Flood Insurance Quotes

Florida is no stranger to major storms and floodwaters can quickly damage your home. If you are not carrying a flood insurance policy, the cost to repair or rebuild your home can fall to you.

If you live in a moderate to high-risk flood zone and have a mortgage on your home, there is a good chance that your mortgage lender will require you to carry flood insurance to protect their investment in your home. Even if your lender doesn’t require it, due to Florida’s risk of hurricanes and low elevation, you should consider a flood insurance policy.

Homeowners and renters insurance policies always exclude flood and surge damage so if you are not carrying a separate flood insurance policy you will be on the hook for the cost to repair your home.

For homeowners living in the state of Florida that simply need to compare the best rates and coverages for their home, click here to shop the best Florida home insurance rate quotes online. Or give us a call now at 888-620-1954.

Flood Insurance in Florida

In Florida, you can purchase a flood insurance policy from the National Flood Insurance Program (NFIP) or a private insurer. In some areas of the state an NFIP policy may be your only choice as private insurers are no longer writing policies in that specific area.

NFIP policies do come with coverage limits of $250,000 in dwelling coverage and $100,000 in contents coverage. If these coverage levels do not meet your needs, you may need to purchase supplemental flood coverage in the private market. NFIP policies also exclude loss of use coverage.

Flood insurance from the NFIP requires a 30-day waiting period before coverage becomes actives so don’t wait until a storm is on the way before shopping for coverage

Private flood insurance in Florida will typically offer higher coverage limits, up to $5 million in dwelling coverage as well as much higher contents coverage limits. In addition, private flood insurance policies usually offer loss of use coverage which will help cover everyday expenses if you are unable to live in your home while it is being repaired.

Cost of flood insurance in Florida

According to NFIP data, the average cost of a NFIP flood insurance policy in Florida is $562 a year. Private flood insurance may cost less but it often depends on the location of your home as well as the coverage levels you are needing.

The cost of flood insurance can vary dramatically depending on the details of your home’s location, size, elevation and where you fall on a flood risk map. Rates can range from as little as $200 a year to well into the thousands of dollars for a large ocean front home.

One other factor that can push up your flood insurance cost is if you use your home as a rental or if the house sits empty part of the year, both of which are common in Florida. In addition to a higher premium, NFIP charges an annual $250 surcharge for homes used as rentals or homes that are not your primary residence.

Private flood insurance may be cheaper than a NFIP policy, so it is always a good idea to shop both NFIP coverage as well as a private policy when looking for flood insurance.

Do I need flood insurance in Florida?

Flood insurance is not required by Florida (or any other state for that matter) but your mortgage lender may require you carry it, particularly if your mortgage is backed by the federal government.

In many cases, if your home falls into a flood zone that starts with an A or V on FEMA’s flood maps, your lender will often require that you carry a flood insurance policy. If your home is located in an X, C or B flood zone, your risk is lower, and you may not be required to carry flood coverage but it’s important to remember that according to NFIP data, properties that fall into the medium and even low risk categories end up filing more than 20 percent of all NFIP claims.

The NFIP recently revised their flood maps and the process for determining which homes need to carry flood insurance with their Risk Rating 2.0 program. The new requirements go into effect October 2021.

Water is a big part of Florida life and many of us live waterfront or close to a beach, river or lake, increasing our risk of flooding.

Where to buy flood insurance in Florida

NFIP policies must be purchased from regular insurance agents and companies. The policies cannot be purchased from the NFIP or FEMA. While private flood insurance has been difficult to find in the past, many insurance companies have started writing flood insurance policies in the Sunshine State again.

When shopping for flood insurance, we recommend getting quotes from both the NFIP and private insurance companies. If you are ready to put a flood insurance policy in place, we can help.

We work with the following flood insurance providers:

NFIP Policies
National Flood Insurance, LLC
National Flood Insurance, LLC, is one of the nation's leading flood insurance agencies. As a flood-only agency, we provide the experience and expertise you need to find a flood insurance policy that best fits your property and budget. All quotes through My Flood Insurance are sent to a flood expert at National Flood Insurance, LLC for processing.

National Flood Insurance Program (NFIP)
The National Flood Insurance Program (NFIP) is administered by The Federal Emergency Management Agency (FEMA) (a government backed program). The NFIP’s goal is to reduce the impact of flooding on private and commercial buildings by providing flood insurance to participating communities nationwide.

Wright Flood
Wright Flood has been writing federal flood insurance for 30+ years and is the largest provider of NFIP policies in the United States. Wright Flood prides itself on excellent customer service and claims handling as well, as the flood expertise of its team.

Private Flood Insurance

AON Edge
Aon Edge is a division of Aon. Our colleagues help deliver superior policy administration, claims processing, customer service and agency support for our clients. We are the leading provider of customizable private flood insurance, dedicated to making flood insurance accessible to all insurance agents and property owners.

Flood Risk Solutions
Flood Risk Solutions offers home and business owners access to multiple flood insurance options. Using advanced flood modeling technology, our system quotes a unique flood insurance package for each property through multiple flood insurance underwriting companies.

Sterling Surplus
Sterling Surplus Underwriters has been the industry leader for Private Flood placement since 2008. Dedicated to solving problems for flood related issues Sterling Surplus Underwriters creatively packaged a program offering bank accepted coverage for risks throughout the Atlantic and Gulf Coasts. We’re relentless in providing our customers with a first-class experience by offering flood solutions through multiple markets managed by our dedicated staff of Flood Underwriters and Claim Professionals.

Hiscox FloodPlus (non-admitted)
Available exclusively for the US market, Hiscox FloodPlus builds on Hiscox’s decades of experience in protecting homeowners from the devastating effects of flood. With a wider scope of cover and a choice of higher limits, Hiscox FloodPlus offers more comprehensive protection than alternative flood products currently available. Hiscox can trace its Lloyd’s roots back to 1901 and underwrites through Syndicate 33, one of the oldest and most respected syndicates in Lloyd’s. All syndicates benefit from the security of Lloyd’s high-quality A+ financial rating (S&P), as well as its Central Fund.

Wright Flood Residential Private Flood Program (admitted)
Wright Flood Residential Private Flood Insurance combines all the financial security offered by financially secure AM Best A- (Excellent) VII or better rated carriers with Wright’s more than 30 years’ flood claims service and experience. Together, they deliver the first personal and customizable, private flood insurance that is admitted and approved by your state’s Department of Insurance.

Wright Flood Residential Private Flood Program (non-admitted)
Wright Flood Residential Private Flood Program combines all the financial security offered by a financially secure AM Best A+ (Superior) XV rated carrier with Wright’s more than 30 years’ flood claims service and experience. Together, they deliver the first personal and customizable, private flood insurance that provides the flexibility and security needed by today’s sophisticated property owners to protect their most valuable asset.