What You Need to Know About Hurricane Season: Flood Insurance Rates and More!


With hurricanes come floods, and if you’re like most people you may not have any flood insurance to cover your home. This can obviously be a big problem if you’re living in a flood-prone area such as Florida. With this in mind, it would be wise for you to look into the different flood insurance rates in your area.

Flood insurance is something that can vary from place to place, and there’s a good chance that you might not know about the prices you can expect to pay. The last thing that you need is to overpay on your coverage.

Luckily, you don’t have to worry about that. This article goes into detail about the answers that you need so you can be better prepared for buying flood insurance. Keep reading to find out more!

How Much Is Flood Insurance?

Flood insurance isn’t included in most homeowner’s policies, as most places don’t require a flood policy and homeowners in those areas don’t need that coverage. Since you’ll have to purchase the insurance separate from your homeowner’s plan, you’ll be presented with many options that you’ll need to comb through so you can make sure you get the right one.

The average annual amount that homeowners paid last year for flood insurance is around $1,200, but of course, this price can fluctuate depending on where you live and, more importantly, the coverage of the plan itself.

For example, low-risk homes (homes that are outside of any areas that are at serious risk of flooding) tend to get good coverage for a lower price. For the maximum coverage of $250,000 on the dwelling and $100,000 for the possessions, a low-risk homeowner can get coverage for around $400 to $500 per year.

However, high-risk homeowners can look forward to paying a higher amount for their coverage. Furthermore, they’re required to have the coverage, so if you live in one of these areas you’ll want to make sure you get flood insurance as soon as possible. Homeowner’s insurance in high-risk areas tends to cost around $800 to $1,300 annually for the same maximum flood coverages. That being the case.

Regardless of your location, you’ll need to pay a $25 surcharge to protect primary residences or $250 for secondary homes or non-residential properties to get started on your coverage.

Does buying flood insurance look like something you’d be interested in purchasing soon? Want to find out more about it? Before you get flood insurance, make sure that you learn all about what it is so you can the right price for the protection your home needs!

You Know About Flood Insurance Rates

Now that you know more about flood insurance rates, you can be sure that you’re covered and that you and your family are protected. Be sure to read the rest of your article to learn more tips and tricks that can help you live your best life. There’s something for everyone to learn here!

Jeff Campbell

Jeff Campbell is a husband, father, martial artist, budget-master, Disney-addict, musician, and recovering foodie having spent over 2 decades as a leader for Whole Foods Market. Click to learn more about me

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