Flood Insurance rates are set by the National Flood Insurance Program (NFIP) so even with different carriers; the rates will be the same. For an online quote, visit our flood portal. The cost of flood insurance is based on the following factors:
- The amount and type of coverage
- Location and flood zone of your home
- The design and age of your structure
- For homes in a high-risk area, the elevation of the building can also be a factor.
Coverage Zones
Do you live in the high-risk flood zones of either A or V? You will be required to obtain a Standard Flood Insurance Policy.
- Policies can be purchased for building only, contents only or both contents and building coverage.
- Obtain up to $250,000 in building coverage for your home and up to $100,000 for contents coverage.
- Available for homeowners, condo owners, and renters (contents only for renters) in high-risk zones.
- Looking for an exact rate for your high-risk home? Call our agents and they can help give you an accurate quote based on the specific needs of your home.
Do you live in a low to moderate risk zone? You have the option to obtain a Preferred Risk Flood Insurance Policy.
- Obtain up to $250,000 in building coverage for your home and up to $100,000 for contents coverage.
- Available for homeowners, condo owners, and renters (contents only for renters).
- Work with an agent to find the right deductibles and limits for your individual needs.
Excess Flood Insurance
Is your home worth more than $250,000? There is an option for an Excess Flood Insurance Policy beyond the NFIP basic policies.
- Allows you to add extra flood insurance if the NFIP limits do not offer enough coverage for you.
- Can offer combined limits of up to $15 million.
- Available for residential and business insurance.
Flood Insurance Discounts
Looking to save money on flood insurance? Here are some discounts you may be eligible for to ask your agent about:
- If your community participates in the Community Rating System (CRS).
- If you have a newer home or have made upgrades to your home that reduce flood risk.
Changes can be made to your home that will lower your home’s risk for flooding and subsequently lower your flood insurance premium. Below are some examples:
- Relocate the machinery and equipment that services your building (i.e., electrical, heating, ventilation, plumbing and air conditioning equipment) to an area that is above the base flood elevation.
- Make sure your home has the proper amount of flood opening.
- If you are in a high-risk flood zone, having a basement or sub-grade crawlspace can pay an extra 15-20%. When building, you can save that cost by back‑ filling any excavated areas within the foundation. It can also be done at a later date by using pea-gravel or other suitable material to raise the interior crawlspace floor elevation to the same height or higher than the exterior ‑ finished grade.
- Elevate your home above the base flood elevation. You can save hundreds of dollars for every foot the elevated floor is above the community’s established base flood elevation.
- Relocate your home to an area on your property that has its natural grade above the base flood elevation.
Grandfathering
If your property has been changed from a low-risk to high risk during remapping, you can save money with the Grandfather Rule. This is available to property owners who:
- Have flood insurance policies in effect when the new flood maps become effective and then maintain continuous coverage or
- Have built in compliance with the FIRM in effect at the time of construction
Timing is key. The last chance to qualify for grandfathering is to buy or renew a policy before the new FIRM becomes effective. The grandfathered zone can be transferred to the new owner if the building is sold.
To find your rate for your flood insurance policy:
- Call to speak with an agent at 888.754.8299!
- Visit our Flood tools portal online to find your flood zone and buy your flood policy online!