Flood Insurance in Boca Raton, FL and Delray Beach, FL

Florida Flood Insurance

Florida Flood Insurance coverage provides protection for destruction and financial devastation caused by floods.  Most people do not realize that while the typical home insurance policy for South Florida residents is geared to protect against water losses, such as pipe breaks and roof leaks, flooding is not a covered loss. Flood losses are characterized as a rising or surging of inland or tidal water and must be claimed under the National Flood Insurance Program. Flood insurance also covers mudflow, dirt and debris resulting from moving water.

Flood Insurance Boca Raton

Homeowner’s insurance does not typically cover flood damage—however flooding is ranked the #1 natural hazard in the U.S., occurring in and causing damages in all 50 states.  Purchasing FL flood insurance policy through Fiorentino Insurance Group can protect you.

Before you decide you don’t need a Florida Flood Insurance Policy for your South Florida home, consider the following;

  • Less than 50% of all flood disasters qualify for federal assistance and even then the aid is typically a loan to be repaid with interest.
  • Floods are the most common of all natural disasters. Even a small flood can cost thousands of dollars. As little as two inches of water can cause over $7,000 in damage.
  • 25 – 30% of all flood claims come from an area not considered high risk.
  • Flood Insurance costs less than you think. On average, South Florida residents in Boca Raton and beyond can insure their homes and contents for less than $350 per year (in non-emergency zones).
  • Everyone in the state of Florida is in a flood zone. Zones B, C and X are considered non-emergency zones and most lenders do not require coverage. Preferred rates are available for homeowners in these desgnated non-emergency zones.

Your coverage is based on your home’s value, minus your land value. Flood Insurance up to $250,000 is available for residential buildings and also the option of up to $100,000 for contents. Since flood policies are backed by the US government, all valid claims are 100% guaranteed.

There is a 30 day waiting period for flood insurance, so the best way to protect your home is to act now, before the flood comes! Remember, just because you experience a flood disaster, that doesn’t mean you have to experience financial ruin.

Different types of Florida flood insurance policies are available based on your property’s location and flood history:

Standard Flood Insurance Policies

If you live in a community that participates in the National Flood Insurance Program (NFIP), your building and its contents can be covered by standard flood insurance. Florida residents should be aware that the NFIP was established by the Federal Government to help communities who “voluntarily participate in the NFIP by adopting and enforcing floodplain management ordinances to reduce future flood damage.” To be considered a flood, the waters must cover at least two acres or affect at least two properties. You must apply for building coverage and contents coverage separately if you choose to invest in a standard flood insurance policy.

Preferred Risk Flood Insurance Policies

If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. While you aren’t required to purchase flood insurance, FL residents in low-to-moderate risk areas, should consider a preferred risk policy which will protect your home and its contents if you are affected by a small flood or a larger flood that has extended into your low-risk area. In truth, many flood insurance claims occur in low-to-moderate risk areas.

Don’t wait until it’s too late. From covering overall structural losses to your personal property, we help protect the things that matter most to you with dependable Florida flood insurance.

There’s no reason why you should place your home and livelihood at risk. Contact Fiorentino Insurance Group today for more information on our flood insurance policy options for South Florida residents in Boca Raton, Florida and beyond.