Florida Flood Insurance
Many homeowners are surprised to learn their homeowner’s insurance policies don’t cover flooding events. That’s right: Most homeowner’s policies won’t cover flood damage.
This fact puts Florida residents in a tricky position. For such homeowners, adequate flood insurance isn’t optional; it’s a necessity.
Where Can I Buy Flood Insurance in Florida?
The overwhelming majority of flood insurance policies across the US—including in Florida—are sold under the National Flood Insurance Program (NFIP). The NFIP is administered by the Federal Emergency Management Agency (FEMA).
To purchase FEMA flood insurance, you must go through an NFIP-Direct-affiliated agency. A.S. Enterprises Inc. has sold flood insurance through NFIP for many years.
What type of Flood Insurance Do I Need?
NFIP flood insurance policies come in two types:
- Standard Flood Insurance: These policies are designed for residents who live in communities with an active and ongoing flood management plan. Such communities must also be able to demonstrate that they have enacted certain NFIP guidelines to reduce flood-based damages.
- Preferred Risk Flood Insurance: These flood policies are designed for residents living in low-to-moderate risk zones. Such residents aren’t necessarily required to purchase flood insurance but have this option in case they experience a small flood or even an unexpectedly large one.