Florida’s Flood Insurance: A Guide


A local state of emergency was declared in Florida in the third week of August due to most areas receiving above 28 inches of rainfall. Local experts predicted that there would be heavy rainfall in southern Georgia and northern Florida the following week.

Floods in Florida are not uncommon. There are several factors that causethese—rain, storms and tsunamis, rivers overflowing and broken dams. While we cannot prevent these floods from hitting the region, we can protect our valuable assets from flood damages.

Following are some facts that you need to know about flood insurance in Florida:

Why Do You Need Flood Insurance When You Have Homeowners’ Insurance?

Homeowners’ insurance covers yourproperty from water damage. This includes pipes bursting in your basement or rain damaging your infrastructure.

Depending on your homeowners’ insurance policy, it might also cover a storm blowing off your roof. To better understand this, basically, you’re covered as long as the source of water is your own house or directly from the sky.

Homeowners insurance will not cover damages to your home and other property assets being caused by floods. Living in Florida, you’re more than likely to lose your investments due to constant flash flood. In the case of any form of flooding, you will only be protected through flood insurance.

town floodWhat Damages Does Flood Insurance Cover?

Flood insurance covers damages that occur directly from flooding or post-flood erosions caused by snowmelt, coastal storm and prolonged rain.

Your flood insurance providers might reimburse you for structural damages:

  • Weakened foundations of the insured building
  • Damaged plumbing or electrical systems
  • Damaged HVAC systems
  • Any damaged to any appliances including stoves, dishwashers, trash compactors and refrigerators
  • Damage on permanently installed flooring or carpeting and more

In addition to covering infrastructural damage, flood insurance might also cover loss of clothing, electronics, furniture, rugs and other small appliances.

What Will Flood Insurance NOT Cover?

If you’ve invested in flood insurance recently and a flood has hit the region within the first 30 days, your flood insurance is not going to kick in.

Furthermore, if something belongs in a bank or safe deposit box, it will not be covered. This includes:

  • Precious metals
  • Stock certificates and bonds
  • Cash

In addition, it will not cover your swimming pool, car, loss of income, boathouses, fences, decks, walkways, patios, wells, post-flood mold damage, temporary housing after flooding, etc. Make sure to speak with your insurance provider in detail about this.

How Much Can It Cost Me?

On average, you’re looking to pay about $700 for a one-year premium; This mostly depends on the extent ofcoverage, the deductible, the region you live in (high risk or not) and the age of yourproperty.

At Manatee Insurance Services Inc., we try to connect you to the best flood insurance providers in Bradenton. Get in touch with us to know more about our flood insurance services!

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