Flood Insurance in the State of Florida ☔

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Interested in acquiring Flood Insurance on your property in Florida?
Click below to read about this type of coverage and how to obtain it! 
​Give us a call at (904)826-0799 for a quote!  👌

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If you are a homeowner in the state of Florida, flood insurance may be a requirement of your mortgage loan, if your house is located in a moderate or high risk flood zone. Even if it is not required, Flood Insurance should be given consideration due to  Florida's low elevation, high exposure to storms. and proximity to water. 

Homeowners and renters insurance policies typically do not cover floods or surges, so it must be purchased separately.  Florida residents are able to purchase flood insurance through the National Flood Insurance Program (NFIP) or a private insurer. Flood Insurance rates can vary depending on your property's elevation, house structure, and whether you are in a high-risk flood zone. If your house is located in a flood zone with an A or V, you'll likely need to purchase the flood coverage. If you are located in an X, C or B flood zone, your home is considered to be at a lower risk of flooding, however that doesn't mean that it can't/won't flood. Anyone can be financially vulnerable to floods. In fact, policyholders outside of mapped high-risk flood areas file over 20% of all flood insurance claims. 

Regardless of the type of flood policy you purchase, there is generally a 30-day waiting period, from the date of purchase, before the policy goes into effect. The waiting period does not apply if: 

• ​The initial purchase of flood insurance occurs in connection with the making, increasing, extension, or renewal of a loan regardless of the zone and regardless of whether the lender requires the coverage; or
• ​The initial purchase of flood insurance occurs within 13-months of a map change in which case a one-day wait applies.
  

Want to see what flood zone you are in? Click the link and enter your address! 
https://msc.fema.gov/portal/home