Category Archives: Flood Insurance

11 Questions about Florida Flood Insurance

CoFlood Insurance

Why Consider Florida Flood Insurance?

Floods are the top natural disaster in the United States. You don’t need to live near a lake, river or the coast to experience a flood. In fact, 25 percent of flood losses come from low- to moderate-risk areas in Florida.

Did you know that eight of the most significant flood events in our nation’s history have occurred in the past two years? And, on average, only two inches of water in your home can cause $7,800.00 or more in damage!

That’s why it’s important to protect your home and valuables with Flood Insurance.

In some flood zones, flood insurance is affordable at about $1.40 per day (average is $503 a year) and is 100% guaranteed by the U.S. government.

Don’t delay: Flood insurance requires a 30-day waiting period on most new policies.

Flood insurance policies are issued by First Community Insurance Company, which is authorized by the Federal Emergency Management Agency (FEMA) to sell flood insurance.

Common Questions about Florida Flood Insurance

Losses due to flooding are not typically covered under most homeowners policies, so it may be wise to consider adding a Florida Flood Insurance policy for complete protection

Q: Doesn’t my homeowners insurance policy cover flooding?

No. Flood damage is not typically covered by a homeowners insurance policy.

Q: What is covered by flood insurance?

Your flood policy is intended to cover physical damage to your building or personal property “directly” caused by a flood. Please download the attached Summary of Coverage brochure created by the Federal Emergency Management Agency (FEMA).

Q: I live in a low-risk flood zone. Do I really need flood insurance?

Most likely, yes. It’s a good idea to buy flood insurance even if you live in a moderate-to-low risk area. About 25 percent of all flood insurance claims come from areas with low-to-moderate flood risk.

You may qualify for the Preferred Risk Policy, (a lower-cost flood insurance policy) that provides contents coverage beginning at $109 per year and building plus contents coverage beginning at $209 a year.

Q: Why do I need flood insurance, even though my community has never been flooded?

Flooding occurs in moderate-to-low risk areas as well as in high-risk areas. Poor drainage systems, rapid accumulation of rainfall, snowmelt, and broken water mains can all result in flood. Properties on a hillside can be damaged by mudflow, a covered peril under the Standard Flood Insurance Policy.

Structures located in high-risk flood areas have a significant chance (26%) of suffering flood damage during the term of a 30-year mortgage. A home mapped in a high-risk area is 2-1/2 times more likely to suffer damage from a flood than a fire in the lifetime of a typical mortgage! For these reasons, flood insurance is required by law for buildings in high-risk flood areas as a condition of receiving a mortgage from a federally regulated or insured lender.

Q: Why does my mortgage lender require me to buy flood insurance?

Under federal law, the purchase of flood insurance is mandatory for all federal or federally related financial assistance for the acquisition and/or construction of buildings in high-risk flood areas (Special Flood Hazard Areas or SFHAs).

The amount of flood insurance coverage required by the Flood Disaster Protection Act of 1973, as amended by the National Flood Insurance Reform Act of 1994, is the lesser of the following:

  • The maximum amount of NFIP coverage available for the particular property type,
  • The outstanding principal balance of the loan, or
  • The insurable value of the structure.

If the property is not in a high-risk area, but instead in a moderate-to-low risk area, federal law does not require flood insurance; however, a lender can still require it. It is also recommended since historically about one-in-four flood claims come from these moderate-to-low risk areas.

Q: Does flood insurance cover flood damage caused by hurricanes, rivers, or tidal waters?

Yes, providing that, if confined to your property, the flood water covers at least two acres. A general condition of flood also exists if two adjacent properties are inundated, one of which is yours.

Q: If my home is flooded, won’t federal disaster assistance pay for my damages?

Not necessarily. Federal disaster assistance typically comes in the form of a low interest loan to help cover flood damage, not compensation for your losses. Even then, those loans are only available if the president formally declares a disaster and must be repaid along with any existing mortgage.

Q: When will my flood insurance go into effect?

Typically there is a 30-day waiting period before a flood insurance policy becomes effective.

Note: The information above was obtained from the Federal Emergency Management Agency (FEMA). View the Federal Emergency Management Agency’s (FEMA) website at Flood facts source:



11 How can I pay less for flood insurance in Florida

Your insurance premium is based on a number of factors but there are a few key actions you can take to pay less for flood insurance each year:

Lower your flood risk.

What you pay for National Flood Insurance Program (NFIP) flood insurance often has a lot to do with how much flood risk is associated with your property.

Mitigating your flood risk not only protects your property against flood damage but can also help lower insurance costs. For more information, check out the Homeowner’s Guide to Retrofitting.

Common flood mitigation options include:

  • Elevating utilities
  • Installing flood openings
  • Filling in basements
  • Elevating your property
  • Relocating your home or business

Choose a higher deductible.

Choosing a flood insurance deductible amount is an important decision.

Choosing a higher deductible will lower your premium, but it means you will need to cover more of the cost to rebuild out of pocket (or out of savings).

You may choose different deductibles for building and contents coverage, and the deductibles will apply separately to building and contents claims.

Increasing the deductible on your flood insurance policy to the $10,000 maximum could reduce your annual premium by up to 40 percent. However, using the maximum deductible might not be appropriate or allowable for everyone.

Check with your insurance agent to confirm your deductible coverage amounts and ensure you understand your specific risks and opportunities.

Provide an elevation certificate.

While Elevation Certificates (ECs) will no longer be required to purchase coverage under Risk Rating 2.0: Equity in Action, a property owner may choose to provide an EC and submit it to their agent to determine if it will lower their cost of insurance. ECs will also continue to be used for floodplain management building requirements, which can affect eligibility for Community Rating System discounts.

Your community may receive a discount from the NFIP.

If your community is enrolled in the Community Rating System (CRS), you may receive a discount on your flood insurance.

The discount is calculated based on the community’s efforts to reduce the risk of flooding. If you have questions about the CRS, call your insurance agent or company.

You can also encourage your community officials to take part in the CRS.

Did you know?

The NFIP may provide funding to help elevate or relocate your home or business – up to $30,000. Ask your insurance agent or company about Increased Cost of Compliance grants.


11 Florida Flood Insurance

Based on what Florida Flood Insurance has learned over the years, we know that floods can happen at anytime in the Sunshine State.

In fact, about 25% of all flood claims come from moderate- to low-risk areas, which means you don’t have to live in a high-risk zone to be affected.

Flood insurance in Florida ensures you’re covered if groundwater rises and floods your home or business – something that isn’t usually covered by your general home insurance policy. Just think of what a few inches of floodwater in your home could do. That’s more than enough to destroy flooring, walls, and trigger other damages – costing you thousands if you don’t carry flood insurance

Keep these facts in mind if you own a home or business in Florida:

1) There are currently more than 2.1 million flood insurance policies in force in Florida. Many of the state’s households, however, remain at risk. (Source: National Flood Insurance Program)

2) With 11 million households in Florida, only 13% of the state’s households are covered with flood insurance. That means 8 out of 10 households are not protected by flood insurance. (Source: National Flood Insurance Program)

3) Due to the relatively flat terrain across Florida, it is complicated to drain accumulated water. When rivers rise, water tends to spread out far from riverbanks.

4) Nearly two-thirds of all NFIP required policies nationwide are in Florida.

5) Between 2000 and 2019, there were 81 hurricanes and tropical storms across Florida (many requiring assistance from FEMA).

6) Because of the potential for flooding, Florida has more flood insurance policies required by the National Flood Insurance Program (NFIP) than any other state.

7) Since 1851, the top three states for hurricane landfalls are Florida, Texas, and Louisiana (according to data from the Atlantic Oceanographic and Meteorological Laboratory in Miami).

8) Tropical Storm Fay in 2008 produced a storm surge of around 5 feet, which devastated the historic coastal fishing and tourist town of Everglades City.

9) Over the last few years, Miami has experienced major flooding, not from a hurricane, but from normal patterns of high tides. A steady rise in the ocean level the past several years (created by effects of climate change) is altering life around the coastal edges of south Florida’s metropolis.

10) The Great Okeechobee Flood is one of the most tragic events to strike South Florida, which was detailed in dramatic fashion by classic American author Zora Neale Hurston in her famous novel “Their Eyes Were Watching God.” Between 1,800 and 3,500 rural Floridians who lived around the lake are said to have perished when 150mph hurricane winds sent water out of the lake and into surrounding communities.

11) Florida faces more risk than any other state that private, insurable property could be inundated by high tide, storm surge and sea level rise (Source: Risky Business Project).

12} In Florida, up to $69 billion of coastal properties currently not at risk will likely be at risk of flood at high tide by 2030. By 2050, the value of at-risk property below local high tide levels will rise to roughly $152 billion.

13) Because Florida has the longest seacoast in the continental U.S., the most expensive coastal real estate, and low elevation and high water table, the state is at one of the greatest risks of property damage due to flooding.

14) A report by the Risky Business Project notes Miami Beach is set to build a $300 million storm water project (beginning in 2017 with $100 million used to raise roads, install pumps and water mains and redo sewer connections across a swath of single-family homes Mid-Beach) to protect its $27 billion in coastal real estate.

Consider these nationwide flood facts when considering a flood insurance policy – especially in low-risk areas:

  • Floods are the most common type of natural disaster worldwide – about40% of all natural catastrophes involves flooding.
  • Homeowners Insurance typical does not damage due to flooding.
  • 75% of all Presidential disaster declarations are related to flooding.
  • Only 12% of U.S. homeowners have flood insurance, based on a 2016 poll conducted by the Insurance Information Institute.
  • Flood insurance policies may take up to 30 days to take effect.
  • In a 30-year mortgage, a home or property has a 26% chance of being involved in a flood compared to a 9% chance of being involved in a fire.
  • Heavy afternoon showers, winter storms, and snowmelt are common (yet often overlooked) causes of flooding.
  • New land development can increase flood risk (especially if construction changes natural runoff paths) and possibly affect your flood zone.

11 Protect Your Florida Home from These 10 Modern Plagues

Florida Insurance Plagues. The Truth You NEED To Know

Locusts, blood, darkness … While Floridians don’t exactly have to deal with the same plagues faced by the Ancient Egyptians, Florida’s unique environment presents homeowners with their own set of challenges. 

What modern day plagues do Florida homeowners face and what can we do to protect our homes and families against them?

Plague #1: Flooding

For Floridians, summer months are often associated with afternoon rainstorms. Over time, these heavy rains can cause flooding, especially in low-elevation and coastal regions. The water probably won’t turn to blood like in Ancient Egypt, but it can certainly darken as clogged storm drains cause dirt and debris to float through your neighborhood.

How to Protect Your Home: recommends taking the following steps to prepare your home for a flood:

  • Clear debris from gutters and downspouts
  • Anchor fuel tanks
  • Elevate all electrical components (switches, sockets, circuit breakers, wiring) and appliances at least one foot above your home’s estimated flood elevation
  • Move furniture, valuables and other important documents to a safe, secure place
  • .

Is your Florida home located in a flood zone? Click here to learn more about flood maps.

Plague #2: Bufo Toads

Originally brought to Florida to help eliminate pests in sugar cane fields, Bufo toads are usually found in yards where pets run around freely. These exotic amphibians are highly poisonous and deadly to pets and even small children if the secreted toxin comes in contact with the mouth.

How to Protect Your Home: Watch small children carefully while they are in the backyard to prevent the risk of them touching a Bufo toad or other dangerous item, and then putting their hands in their mouth. Don’t keep pet food outside – it attracts Bufo toads as well as other bothersome animals and pests.

Plague #3: Termites

Termites are pesky wood-destroying insects that cause damage to both structural and non-structural timbers of a home. The most common species of damage-causing termites found in Florida are Drywood termites and Subterranean termites.

In addition, there are a variety of termite species that are unique to Florida, including the Asian subterranean termite, the Nose termite and the Florida Dampwood termite.

Common Signs of Termite Damage:

  • Discolored or sagging sheetrock on ceilings or walls
  • Buckling or sagging floors 
  • Loose tiles
  • Hardwood floor slats that pop up
  • Bubbling or sagging laminate flooring
  • Tiny pinpoint holes in the drywall
  • Bubbling or peeling paint
  • Wood that crumbles easily
  • Jammed doors or windows
  • Wood that sounds hollow when tapped

How to Protect Your Home: Have a qualified expert inspect your home for termites on a regular basis, usually once a year. Consult with a pest control what conditions in your home may be promoting termite activity. Determine what treatments will be most effective in preventing termites based on your home’s construction and signs of nearby activity.

Plague #4: Lovebugs

One of the most annoying pests to plague Florida is the lovebug. If you’ve ever driven on the highway during lovebug season, you know exactly what we mean…

Unfortunately for Floridians, lovebug season is about to begin… lovebug flights typically occur in the spring and fall, between April and September. Since lovebug pairs are weak fliers, they tend to stay near emergence sites when there is little or no wind, and are most abundant in moist, grassy habitats.

Legend has it that the explosive appearance of lovebugs in Florida is the result of a genetic engineering experiment gone awry at the University of Florida. Is this story true or just a myth? Take a look .

How to Protect Your Home: While these pesky creatures are not necessarily harmful to our homes, or us we can all agree that they are quite a nuisance, especially during summer months spent outside. To prevent lovebugs from invading your home or backyard barbecue, you can add screens to windows and doors, or use an exterior fan.

Plague #5: Wild Animals

From forest areas to swamplands, Florida’s diverse landscape creates the perfect environment for a vast array of wild animals. Unfortunately, many Florida homes are in close proximity to these wild animal habitats. Alligators, deer, and even Florida panthers have been spotted roaming around backyards and residential neighborhoods throughout the state.

How to Protect Your Home: To prevent wild and potentially dangerous animals from crashing your next barbecue, install a fence around the perimeter of your backyard, and don’t leave food sitting outside for extended periods of time.

Plague #6: Fire

Florida thunderstorms can ignite homes and other structures within seconds; resulting in catastrophic damage and personal loss. Every year, lightning starts approximately 4,400 house fires, costing an average of $283 million in damages.

How to Protect Your Home: Reduce the likelihood of a lightning strike igniting your home on fire by installing lightning rods. While lightning rods don’t reduce the chance of your home being struck by lightning, they do provide a path for lightning to reach the ground without causing a fire in the process.

Plague #7: Hurricanes

Capable of creating strong-force winds, tornadoes, heavy rain and flooding, hurricanes are one of the most severe “plagues” to strike Florida, causing catastrophic damage to homes along coastlines and hundreds of miles inland.

How to Protect Your Home: With the start of the 2021 hurricane season just around the corner, now’s the time to start thinking about how you can protect your home against high winds, potential flooding and debris damage. Take a look at our top hurricane preparation tips.

Plague #8: Bedbugs

Bedbugs are considered one of the leading hotel fears of the 21st century. But what happens when these pests enter your home? Bedbugs typically hide in mattresses, box springs, bed frames and headboards, and over time may scatter throughout the bedroom and nearby rooms.

How to Protect Your Home: If bedbugs do invade your home, WebMD recommends the following treatments:

  • Clean bedding, linens, curtains and clothing in hot water and dry on the highest setting
  • Using a stiff brush, scrub mattress seams
  • Vacuum the bed and surrounding area frequently
  • Enclose the mattress and box spring in a tight, zippered cover to prevent bedbugs from entering or escaping
  • Get rid of clutter (or bedbug hiding places) around the bed

Plague #9: Burglary

According to the Florida Department of Law Enforcement, one burglary occurs ever three minutes in Florida. Home burglaries can seriously “plague” a home, resulting in property damage and loss, injuries and sometimes even death.

How to Protect Your Home: In addition to installing a security system, there are several precautions homeowners can take to defend their home against burglary and break-ins. Click here to view our top tips.

Plague #10: Toxic Mold

Florida homes are especially prone to mold growth due to our humid climate. While the presence of mold in the air is nothing to be concerned with, it is important to prevent mold from growing indoors. Excessive exposure to mold  can lead to health problems such as allergies, irritant effects, infection and toxic effects.

How to Protect Your Home: According to , the best and easiest way to prevent mold growth in your home is keeping it clean and dry. Without water and moisture, mold cannot grow.

They also recommend the following prevention tips:

  • Stop the water – Repair all leaks. Seal cracks in walls and around windows.
  • Disinfect it – Clean moisture-prone areas regularly with 10% solution of bleach.
  • Keep it clean – Clean up and dry out building materials and carpets within 24 hours of a spill or flooding.
  • Keep it dry – DO NOT carpet bathrooms or basements. Keep humidity levels below 60% and vent moisture from showers and cooking to the outside of your home.

11 Debunking 7 Popular Florida Flood Insurance Myths

When it rains, it pours in Florida!

Every year, Florida receives at least 50 inches of rain, with most rainfall occurring in the summer months. And you know what comes with rain… floods!

Floods are the number one natural disaster in the United States, and Florida is the leading state for flood damage, with more than $117 million in flood-related claims in 2014 alone.

As we enter Florida’s rainy season, we’re debunking seven common myths about flood insurance, so you can make sure your home is properly covered in the event of a flood.

Myth: Flood coverage is included in your homeowner’s insurance policy.

Fact: Losses due to flooding are not usually covered under most homeowner’s insurance policies. We recommend adding a Florida Flood Insurance policy to ensure complete protection of your home in case of a flood.

A National Flood Insurance Program (NFIP) Flood Insurance policy provides coverage for up to $250,000 on the structure of your home and up to $100,000 on personal property, all at very affordable rates regulated by the federal government.

Myth: Flood insurance can only be purchased through the National Flood Insurance Program directly.

Fact: NFIP flood insurance is sold through private insurance companies and agents, and the federal government provides a 100% guarantee. In some flood zones, flood insurance can be obtained for less than $1.40 per day (average is $503 per year). Call us today to discuss your flood insurance needs

Myth: The NFIP does not cover flooding caused by hurricanes or overflow of rivers or tidal waters.

Fact: The NFIP defines a flood as a general and temporary condition during which normally dry land is partially or completely inundated.

Flood insurance covers damage caused by hurricanes, rivers, and tidal waters as long as the floodwater either covers at least two acres of your property or two adjacent properties, one of which is yours.

Myth: You only need flood insurance if you live in a high-risk flood zone.

Fact: According to the NFIP, if you live outside a floodplain or in a low-to-moderate flood-risk area, you can purchase flood insurance at a lower cost. You may even qualify for the Preferred Risk Policy that provides contents coverage beginning at $39 per year and building-plus-contents coverage beginning at $119 a year.

Myth: You can’t purchase flood insurance if your property has been flooded.

Fact: If your community participates in the National Flood Insurance Program, you are eligible to purchase flood insurance even after your home has been flooded.

Myth: Federal disaster assistance will cover flood damage.

Fact: Before a community is eligible for disaster assistance, it must be declared a federal disaster area – and this only happens in less than half of all flooding events. Additionally, if you are not insured and receive federal disaster assistance following a flood, you must purchase flood insurance to remain eligible for future disaster relief.