A 5-Step Florida Flood insurance Guide to save money (That ANYONE Can Follow)
This blog will answer common questions that we get about flood insurance in Florida, we will also share some statistics and links if you get really into the research for flood insurance Florida, This is our attempt to pull all the information you could be interested in specifically the cost of flood insurance in Florida, we will also review the difference in Florida NFIP policies and Florida Private flood Insurance Market and finish up with Florida Lloyd of London Flood Insurance companies. We would like to hear your thoughts so please share, comment, ask questions or if you want us to explore a topic further let us know. To keep it easy we have some quick jumps to sections that you might be interested in. Enjoy. Your flood Nerd.
Does my Florida homeowners insurance cover flooding?
Do I need flood insurance in Florida?
What are my flood insurance options in Florida?
Florida NFIP flood insurance
Florida private flood insurance market
How much does flood Insurance cost in Florida?
7 things you need to know about flood insurance in Florida?
Florida Flood Insurance calculator
Cost of flood insurance in Florida? (click on your city to find the average)
Does my Florida homeowner insurance cover flooding?
A typical Florida homeowners’ policy is written through Farmers, State Farm, Allstate, and Progressive, for instance, excludes flooding as something that will be covered under their homeowner’s policy.
In most cases, the only way to get flood coverage is by purchasing a stand-alone flood insurance policy. However, you should ask your homeowners agent if you can add an endorsement to your homeowner’s policy to cover flooding. Yet, don’t be too surprised if the answer is NO.
Do I need flood insurance in Florida?
It is important to have flood insurance coverage in Florida because our beloved Cowboy State has seen a fair share of flooding, and there is likely more coming.
We believe that most homeowners think about Flood insurance in Florida at some point, maybe before buying a home, or during the closing process. However, many of us only think about it when a big storm is looming, or we have heard on the news that there is flooding forecasted or happening currently too close to our home.
We believe that most homeowners think about Flood insurance in Florida at some point, maybe before buying a home, or during the closing process. However, many of us only think about it when a big storm is looming, or we have heard on the news that there is flooding forecasted or happening currently too close to our home.Florida flooding
If your home or business is in a flood zone, that is considered low flood risk area. Sadly, many homeowners decide to forgo purchasing coverage because they believe they are safe from flooding. Some real estate agents and some insurance agents may even say you don’t need it.
I ask you to consider the facts: 20-percent of all flooding events across our nation come in areas that are considered low risk. After our last few major storms (Hurricane Harvey), we saw flooding in these low-risk areas. In 80 percent of these individuals, they had water in their home or building and didn’t have flood insurance coverage.
In Harris county, nearly 135,000 homes were damaged. Three-fourths of these properties were considered low to moderate risk.
Flood Plain Map Florida
We hear often that people believe that the government will help, and this is true. However, there are a few things that must align for you to get government assistance.
1 – The president of the United States must declare the flooding event a state of emergency. If this doesn’t happen, then there won’t be assistance.
2 – The average amount of assistance that homeowners get after a flood, when they do not have flood coverage, is $5,000. The average cost of damage to one’s property after a flood is $38,000+. That $5K you get from the government? It comes in the form of a loan and you will need to pay it back. Are you willing to gamble away your financial future by forgoing flood insurance coverage?
https://www.bloomberg.com/graphics/2017-fema-faulty-flood-maps/
One more note on these low-risk flood zone maps. Many of these maps are over 40-years old. If the area has been developed, then there is likely more concrete, creating a barrier for land that previously, might have absorbed the massive downpour.
FEMA flood maps Florida
Because of all these factors, it is difficult for property owners to know their true risk of flooding. FEMA admits that their flood maps only give an idea for part of the risk. Our recent storms are facts that it can rain anywhere within Florida, and you should consider getting flood coverage, so you are not uninsured when you need it most.
FEMA flood zone maps often take years to go into effect after the terrain was studied, this gives the impression that the area is “more up to date” then it really is.
Flood insurance Florida
The average cost for Florida flood insurance in these Low-risk areas is $595 per year.
FEMA’s National Flood Insurance Program (NFIP) and all federally backed lenders rely on these Florida flood insurance maps to assess risk, set premiums, and determine who is required to purchase flood insurance. Bad information about an areas flood risk can leave property owners under or uninsured.
How much is flood insurance in Florida?
Florida NFIP flood insurance.
There are many options available in Florida regarding flood insurance, but they basically fall into two main categories. The Government option also known as FEMA or NFIP and then the private flood insurance market,
The National Flood Insurance Program (NFIP), also known as FEMA, which is the government option for flood insurance. The NFIP has enjoyed a 50-state monopoly on the flood insurance market.
Not “private flood insurance” but NFIP Resellers
If you have Nationwide Flood Insurance, State Farm Flood Insurance, Progressive Flood Insurance, or any of the of the logos below then you are buying the NFIP flood policy that is just being resold through a government program. These companies are private companies, but their flood insurance is not. Here is a list of the 70 companies that resell the NFIP policy.
https://www.fema.gov/wyo_company
Florida private flood insurance market
There are alternatives to the NFIP or government insurance. It is called Private flood insurance most notably Lloyds of London Flood insurance, however, there are other options available in Florida . We shop all the options for your property in your region to ensure you are getting the best premium. If you are ready to have us do the work for you, please click here.
There are alternatives to the NFIP or government insurance. It is called Private flood insurance most notably Lloyds of London Flood insurance, however, there are other options available in Florida . We shop all the options for your property in your region to ensure you are getting the best premium. If you are ready to have us do the work for you, please click here.Our shopping does include the NFIP because sometimes we find that with government subsidies you can get a much better premium.
Flood insurance quote florida
Lloyds of London Flood Insurance Florida Market
Florida is fortunate to have many Lloyds of London flood insurance options. Although many Lloyds flood insurance companies will have you assume that there is only one option, nothing could be further from the truth.
Lloyds of London has a rich history and is attributed to have invented the very first modern insurance model. Unlike most of its competition, Lloyds of London is not really a company but rather a corporate body. This structure works quite well since it has been around for over 330 years. Lloyds operates under multiple financial backers that all pool their capital to spread the risk.
I have two blog posts that take a deep dive into Lloyds of London and what they mean to Florida’s flood insurance market. If you are interested, the links are below.
Lloyds of London Flood Insurance
FEMA vs Private flood insurance
Lloyds also insures the world for flood insurance, meaning they cover flooding events in India, Australia as well as much of Europe. You see the “game” of insurance is to spread your risk since Lloyds is worldwide.
My joke here is that Lloyds is banking on Gods promise that he won’t flood the entire world again, …..so they won’t have to pay out the whole worlds flood claim.
What is the cost of flood insurance in Florida?
There are many factors that go into getting the cost of flood insurance for Florida. If your home is in what is considered low-to-moderate risk, you can get a heavily subsidized policy though the government.
Florida flood insurance low-to Moderate Risk rate and cost.
This is Flood Zone X, which is not lender required flood zone.
This is usually identified as an X-flood zone. Then we would suggest the government Preferred Risk Policy (PRP) which is a subsidized policy and has set flood insurance coverage limits (see grid below):
Here a link if you want to really dig into this one. Be ready for an eye chart because every option is public record and should be standardized accost whoever writes these policies.
Flood zone X Florida
The average cost for flood insurance in Florida with the maximum set limits in these Low-risk flood zone areas is $405 – $700 per year.
https://www.fema.gov/media-library-data/1523307331106-4cf9726b2eb04c3471a3e9d37a58fa6a/09_prp_508_apr2018.pdf
If your property is in higher-risk flood zone, it is usually identified with a Flood Zone AE. Your lender will require you to have flood insurance. The cost of flood insurance in Florida depends on many factors that are unique to the structure. We are going to try to give you an idea for the most common homes we see in Florida with a slab on grade foundation.
We will look at the Florida cost of flood insurance for the NFIP maximum of $250,000 for the (building only) with NO CONTENTS and our recommended deductible of $5,000.
We will be rating this example on the NFIP, as well as on a few of our private flood insurance policies, specifically Lloyds flood insurance options in Florida.
Cost of Flood Insurance in flood zone AE Florida
Our example is in Collier County, but the premiums will be the same if in Hollywood, Fort Lauderdale, Miami Beach, Lee County, Jacksonville, and many other Florida flood ones.
In our example, the Base Flood Elevation (BFE is 8) and is a home that is built before 1973
NFIP option in Florida Flood Zone AE
NFIP – Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible
NFIP Annual premium in High-Risk flood zone is $7,543
This option is what we see if the property has had a flood loss before, and either doesn’t have an Elevation Certificate applied or the Elevation certificate showing that the lowest floor is 4 feet under the BFE for the area. You can use 10% of your coverage to cover other structures on your property
Florida Private flood insurance – Lloyds of London Flood Insurance (option 1)
Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible
Lloyds of London (option 1) Annual premium in High-Risk flood zone is $745.09
This option is great, and we are very happy when we can get this option. They can be a bit choosey about what risk they will accept and will not take anything that has had a flood loss. They do offer coverage for basements, about $2,000 for loss of use, $2,000 for other structures, but they can’t increase this coverage. They do not require an Elevation Certificate to rate.
Florida Private flood insurance – Lloyds of London Flood Insurance (option 2)
Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible
Lloyds of London (option 2) Annual premium in High-Risk flood zone is $866.04
This option is great, and we are very happy when we can get this option for our clients as well. They seem to be writing almost all risks; however, they do not write any property that is in a designated floodway or has the depth of -4 under the BFE. In our example, with our BFE being 5368, if the lowest floor is 5364, then they will not accept this risk. They will not take anything that has had a flood loss. They do offer limited coverage for basements and do not require an Elevation Certificate to rate, and as a percentage of coverage for loss of use. If you want coverage for other structures, then that will need to be added.
Private Flood insurance option (option 3) Not Lloyds
Coverage of $250,000 building coverage (no Contents coverage) and $5,000 deductible
Private flood insurance (option 3)
Annual premium in High-Risk flood zone is $ 3,131.75
This option will take properties that have had one flood loss as long as it has been more than five years, and the payout was under $100,000 on the claim. Their coverage matches the NFIP. They will write practically all risks, don’t need an elevation certificate to rate, and are a bit lower in premium than the NFIP.
Private Flood insurance – Lloyds of London (option 4)
This option must be written on the Replacement Cost Value (RCV) of the building, otherwise there is a co-insurance penalty that kicks in. So, $250,000 might be a bit low in California, but to keep this going, let’s just use that for this option
Coverage of $250,000 (RCV) building coverage, No Contents and $5,000 deductible
Annual premium in High-Risk flood zone is $877.59 (great price).
This options rating system is all over the board. Sometimes we get a crazy great price, but other times the premium is way higher than the NFIP will consider taking a property that has had one flood loss before as long as it has been more than ten years and the payout was under $50,000 on the claim. Their preferred coverage is at replacement cost, which is a bit different from some of our other Lloyd’s flood options. We usually reserve this one if the property doesn’t fit into any of our options above. We can adjust coverages to control premium. As mentioned before, this underwriters’ rates are all over the board. It is worth shopping through to make sure we are getting you the best premium we can. They don’t need an elevation certificate to rate.
Private Flood insurance – Lloyds of London (option 5)
Coverage of $250,000 (RCV) building coverage, No Contents and $5,000 deductible.
Annual premium in High-Risk flood zone is $996.3
This option came out of the company that used to run the NFIP program, so the coverage almost exactly matches the NFIP coverage with two differences. They offer living expenses which will cover your cost, when you are displaced from your home during repairs (most Lloyds flood policies offer this). They also offer swimming pool clean out, which is kind of unique so if you have a pool ask for this coverage.
Private Flood insurance – Lloyds of London (option 6)
Coverage of $250,000 (RCV) building coverage. No Contents and $5,000 deductible.
Annual premium in High-Risk flood zone is $862.14
This options rating system is also all over the board. Sometimes we get a crazy low price; other times the premium is way higher than the NFIP. They will consider taking a property that has had one flood loss before as long as it has been more than ten years and the payout was under $25,000 on the claim. They have been rumored to give a low price the first year and then non renew following years or sometimes they jack the price way up so we will watch them. They have a slick system, and their underwriting is managed by a 3rd party, which also seems to be a glitch sometimes.
There are more options coming online every day, and we are working to be looking into every viable option.
Currently, Florida has 1,770,452 NFIP policies in force to date with the total cost of $974,338,089. That would make the average flood rate for Florida $550. Of course, some will pay more, and some will pay less.
Flood insurance rate map Florida
Click here to have us shop and save you money.
Hello, Florida! Thanks for visiting our page for all your flood insurance needs.
Let’s start off with Alachua, Florida where the average flood rate is $594. The premiums in Alachua total $923,836 with 1,555 total active flood policies.
Flood insurance Gainesville, FL
Next up is Gainesville, Florida, where the active flood policies total 1,367 with $855,545 in written premium. The average flood rate in Gainesville is $626.
We’ll look at Bay, Florida next where the flood premiums total $6,305,765 with 14,470 flood policies in effect. The average flood rate in Bay is $436.
The average flood rate rises to $575 in Lynn Haven, Florida. Lynn Haven has 1,856 flood policies active with $1,067,339 in total premiums.
Flood insurance Panama City, FL
Hello Panama City Beach, Florida! Thanks for stopping by! The active flood policies number 12,324. The average flood rate in Panama City Beach is $285 which includes $3,517,901 in written premium.
In Panama City, the average flood rate goes up to $648. The premiums in Panama City, Florida add up to $1,542,109 with 2,381 flood policies in effect.
The active flood policies number 23,259 in Brevard County, Florida. The premiums here total $9,830,743 which allows the average flood rate to be $423.
$975,787 is the flood premium total in Cape Canaveral, Florida. Cape Canaveral has an average flood rate of $300 which includes 3,248 flood policies in effect.
There are 6,461 flood policies active in Cocoa Beach, Florida. The premiums total $2,371,963 in Cocoa Beach, which allows the average flood rate to be $367.
Flood insurance Indialantic, FL
Let’s look at Indialantic and Lauderdale Lakes, Florida, where the active flood policies add up to 1,775. The average flood rate for these areas is $411 which includes $730,303 in total premiums.
The average flood rate drops to $344 in Indian Harbor Beach, Florida. The premiums here total $650,029 with 1,890 flood policies active.
Flood insurance Melbourne, FL
4,145 flood policies are active in Melbourne, Florida. The average flood rate in Melbourne is $419 which includes $1,736,178 in flood premiums.
Palm Bay, Florida’s average flood rate lowers to $390. The premiums here add up to $1,242,073 with 3,187 flood policies in effect.
Let’s check out Rockledge, Florida, where the active flood policies total 1,101 with $417,990 in written premium. The average flood rate in Rockledge is $380.
The average flood rate rises just a bit to $382 in Satellite Beach, Florida. Satellite Beach has $813,844 in flood premiums with 2,130 flood policies in effect.
In Titusville, Florida, we find 1,367 active flood policies with $580,448 in flood premiums. This allows the average flood rate in Titusville to be $425.
When we check out West Melbourne, Florida, we see 1,319 flood policies in effect with $492,062 in written premium. The average flood rate in West Melbourne is $373.
The average flood rate rises to $430 in Broward County, Florida. Broward County has 5,237 active flood policies with $2,253,136 in total premiums.
The premiums in Coconut Creek, Florida total $674,319. The flood policies total 1,766 which allows the average flood rate to be $382.
The active flood policies total 3,041 in Copper City, Florida. The average flood rate in Copper City is $383 which includes $1,165,468 in written premium.
In Coral Springs, Florida, there are 8,287 flood policies in effect with $3,207,222 in flood premiums. The average flood rate in Coral Springs is $387.
3,256 flood policies are active in Dania Beach, Florida. Dania Beach has an average flood rate of $532 which includes $1,732,933 in total premiums.
Davie, Florida, you all have 7,890 flood policies active with $3,296,976 in premiums. The average flood rate in Davie is $418.
The average flood rate in Deerfield Beach, Florida is $409. The flood premiums total $2,358,305 with 5,768 flood policies in effect.
Flood insurance Ft. Lauderdale, FL
Hello Fort Lauderdale, Florida! You all have quite a few active flood policies, 39,478 to be exact! The premiums here add up to $15,729,818 which allows the average flood rate to be $398.
$244 is the average flood rate for Hallandale Beach, Florida. The policies here number 17,684 with $4,315,432 in total premiums.
Our next city to look at is Hillsboro Beach, Florida, where the flood policies add up to 2,019. The average flood rate in Hillsboro Beach is $407 which includes $822,335 in premiums.
The premiums in Hollywood, Florida add up to $10,816,581. The active flood policies total 22,771 which allows the average flood rate to be $475.
The flood policies in Lauderdale-by-the-Sea, Florida total 3,622. The average flood rate here is $378 which includes $1,369,251 in written premium.
The average flood rate drops a bit to $345 in Lauderhill, Florida. Lauderhill has 3,205 active flood policies with $1,106,460 in total premium.
Next up is Lighthouse Point, Florida where the premiums add up to $1,207,356. The average flood rate in Lighthouse Point is $434 which includes 2,780 flood policies in effect.
Margate, Florida has an average flood rate of $362. The premiums in Margate total $890,450 with 2,457 active flood policies.
When we look at Miramar, Florida, we find 5,935 flood policies in effect. Miramar has an average flood rate of $390 which includes $2,316,044 in flood premiums.
The average flood rate rises to $393 in North Lauderdale, Florida. North Lauderdale has $606,884 in written premium with 1,543 active flood policies.
Again, the average flood rate rises to $439 in Oakland Park, Florida. Oakland Park has 3,680 flood policies in effect with $1,614,350 in flood premiums.
3,790 flood policies are active in Parkland, Florida. Parkland has $1,581,650 in total premium which allows the average flood rate to be $417.
In Pembroke Pines, Florida, the average flood rate is $373. The premiums here total $3,328,284 with 8,932 flood policies in effect.
The active flood policies number 18,522 in Pompano Beach, Florida. The premiums add up to $6,635,290 which allows the average flood rate to be $358.
The premiums total $600,631 in Southwest Ranches, Florida. The average flood rate is $358 which includes 1,202 active flood policies.
The average flood rate in Sunrise, Florida is $403. The premiums total $1,707,984 with 4,233 flood policies in effect.
There are 6,385 flood policies active in Tamarac, Florida. Tamarac has an average flood rate of $344 which includes $2,197,319 in written premium.
Weston, Florida has $2,115,087 in total premiums with 5,697 flood policies in effect. The average flood rate in Weston is $371.
The average flood rate rises to $435 in Wilton Manors, Florida. The premiums in Wilton Manors total $1,112,325 with 2,555 active flood policies.
$779 is the average flood rate in Charlotte County, Florida. The flood policies number 27,911 with $21,748,751 in flood premiums.
Next up is Punta Gorda, Florida, where the premiums total $7,665,890. The average flood rate in Punta Gorda is $891 which includes 8,605 active flood policies.
When we look at Citrus County, Florida, we find the average flood rate rises to $939. The flood policies number 4,504 with $4,227,529 in premiums. Gives us a call to check your rates!
Clay, Florida has 5,824 active flood policies. The premiums here total $2,918,108 which allows the average flood rate to be $501.
Hello Collier County, Florida! The active flood policies total 70,789! The premiums here add up to $31,841,487 which allows the average flood rate to be $450.
The premiums in Marco Island, Florida total $9,286,716. The average flood rate in Marco Island is $586 which includes 15,852 active flood policies.
Flood insurance Naples, FL | Flood zone map Naples, FL
Naples, Florida has 15,041 flood policies in effect with $12,510,383 in written premium. The average flood rate in Naples is $832.
Let’s look at Columbia and Clewiston, Florida where the premiums add up to $950,364. The average flood rate in these areas is $641 which includes 1,482 active flood policies.
Next up is Atlantic Beach, Florida where the average flood rate is $422. The active flood policies total 2,803 with $1,182,890 in written premium.
Flood zones Jacksonville, FL | Jacksonville FL flooding
Our next beachy area is Jacksonville Beach, Florida, where the active policies number 6,256. The average flood rate in Jacksonville Beach is $408 which includes $2,551,637 in active flood premiums.
Flood zone map Jacksonville, FL
Now, we’ll look at Jacksonville, Florida, where the premiums total $11,548,079 with 25,531 flood policies in effect. The average flood rate in Jacksonville is $452.
The policies in Neptune Beach, Florida add up to 1,424. The average flood rate in Neptune Beach is $465 which includes $661,690 in flood premiums.
14,214 is the number of active flood policies in Escambia, Florida. The premiums add up to $5,988,687 which allows the average flood rate to be $421.
Flood insurance Pensacola, FL
The average flood rate rises to $844 in Pensacola Beach – Santa Rosa Island, Florida. The premiums add up to $3,070.249 with 3,639 in active flood policies.
Pensacola, Florida has 2,556 flood policies in effect. The average flood rate in Pensacola is $614 which includes $1,568,635.
The premiums in Wellington, Florida total $1,310,589. The active flood policies add up to 3,274 which allows the average flood rate to be $400.
The active flood policies total 2,236 in Flagler Beach, Florida. The average flood rate in Flagler Beach is $487 which includes $1,088,818 in flood premiums.
The average flood rate drops to $397 in Flagler, Florida. The premiums total $1,773,401 with 4,466 active flood policies.
In Palm Coast, Florida, the flood policies number 5,559 with $1,943,233 in written premium. The average flood rate in Palm Coast is $350.
The average flood rate jumps to $1,527 in Franklin, Florida. Franklin has 2,221 active flood policies with $3,391,032 in flood premium.
Now, let’s look at Gulf, Florida, where the premiums add up to $1,036,181. The active flood policies number 1,022 which allows the average flood rate to be $1,014.
$898 is the average flood rate in Hernando, Florida. Hernando has 3,723 flood policies in effect with $3,341,634 in flood premiums.
Let’s check out a few areas that include Highlands and Plant City, Florida, where the active flood policies total 1,516. The premiums add up to $906,124 which allows the average flood rate to be $598.
The premiums in Hillsborough, Florida total $25,002,234. The average flood rate in Hillsborough is $673 which includes 37,159 flood policies in effect.
Flood insurance Tampa, FL
Hello Tampa, Florida! So nice of you to stop by our page! Tampa has an average flood rate of $832. The flood policies number 27,896 which includes $23,200,853 in active flood policies.
Our next group of areas include Temple Terrace and Sebastian, Florida. These two areas have 1,494 active flood policies with $684,886 in written premium. The average flood rate for these areas is $458.
The average flood rate rises a little to $491 in Indian River, Florida. Indian River has $6,502,532 in flood premiums with 13,250 flood policies in effect.
The active flood policies in Indian River Shores number 3,202. The premiums total $1,825,106 which allows the average flood rate to be $570.
3,924 flood policies are active in Vero Beach, Florida. The average flood rate in Vero Beach is $596 which includes $2,336,982 in flood premiums.
The premiums total $1,233,258 in Lake County, Florida. The active flood policies number 2,529 which allows the average flood rate to be $488.
The average flood rate rises to $629 in Bonita Springs, Florida. The number of flood policies here total 11,982 with $7,533,619 in written premium.
Welcome to our page Cape Coral, Florida! Cape Coral, you all have 33,640 flood policies in effect with $23,958,243 in total premium. The average flood rate in Cape Coral is $712.
Flood Insurance Fort Myers FL
In Fort Myers Beach, Florida, the average flood rate jumps to $1,202. The premiums add up to $7,049,140 with 5,866 active flood policies.
Next up is Fort Myers, Florida, where the premiums total $3,574,874 with 6,308 flood policies in effect. Fort Myers has an average flood rate of $567.
69,644 flood policies are in effect in Lee County, Florida. Lee has $47,488,623 in total flood premiums which allows the average flood rate to be $682.
Sanibel, Florida has an average flood rate of $1,219. The premiums total $9,412,327 with 7,721 active flood policies.
The average flood rate drops to $505 in Leon County, Florida. The active flood policies total 1,617 with $815,852 in written premium.
The premiums in Tallahassee, Florida total $1,237,328 with 1,884 flood policies in effect. The average flood rate in Tallahassee is $657.
The active flood policies add up to 1,038 in Anna Maria, Florida. The average flood rate in Anna Maria is $1,843 which includes $1,913,484 in total premiums. Give us a call Anna Maria!
Flood insurance Bradenton, FL
The average flood rate in Bradenton Beach, Florida is $1,087. The premiums total $1,641,451 with 1,510 flood policies in effect.
Next, let’s look at Bradenton, Florida where the active flood policies number 4,382. The average flood rate here is $679 which includes $2,977,037 in flood premium.
$4,290,075 is the premium total in Holmes Beach, Florida. Holmes Beach has 3,239 in active flood policies which allows the average flood rate to be $1,325.
Longboat Key, Florida has 10,280 active flood policies with $7,472,803 in written premium. The average flood rate in Longboat Key is $727.
The average flood rate drops to $593 in Manatee County, Florida. The premiums here add up to $13,517,870 with 22,794 flood policies in effect.
The policies in Palmetto total 2,267. The premiums here add up to $1,644,667 which allows the average flood rate to be $725.
The premium total in Marion County is $1,435,442. The average flood rate in Marion County is $429 which includes 3,060 flood policies in effect.
In Ocala and Biscayne Park, Florida, the active flood policies total 1,369. The premiums for these areas total $1,108,474 which allows the average flood rate to be $810.
15,364 flood policies are active in Martin County, Florida. The average flood rate for Martin County is $489 which includes $7,507,283 in written premium.
The average flood rate in Stuart, Florida is $581. The premiums total $615,980 which includes 1,061 active flood policies.
