Flood Insurance Ft Lauderdale Florida

Fort Lauderdale, Florida Flood Insurance Information

Even though flood insurance is relatively inexpensive, most homeowners
do not choose to purchase the insurance protection available. According
to the Federal Insurance Administration, less than one-quarter of the
homes in areas most vulnerable are insured against flood loss. In those
areas, flooding is 24 times more likely to occur than a fire during the
course of a typical 30 year mortgage.

A standard homeowners insurance policy will not cover damages caused by flooding. You must have
flood insurance from an insurer that writes for the National Flood Insurance Program. If your
community participates in a floodplain management program, you should be eligible to buy the
coverage no matter if your flood risk is low, medium or high. Residents of "coastal barrier areas" and
communities that do not participate in floodplain management programs may have trouble finding
flood insurance coverage. Fort Lauderdale, Florida flood insurance is also available to renters,
condominium owners, and co-op owners.

Flood Perils Include:

A general and temporary condition of partial or complete inundation of two or more acres of normally
dry land area or of two or more properties at least one of which is yours from:

Collapse or subsidence of land along the shore of a lake or similar body of water as a result of
erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels
that result in flood as defined above

Unusual & rapid accumulation of runoff or surface waters from any source that result in a flood as
defined above

Overflow of inland or tidal waters that result in a flood as defined above

Mudflow defined as a river of liquid and flowing mud on the surfaces of normally dry land areas,
as when earth is carried by a current of water that result in a flood as defined above

Outside of fire, flooding is the most widespread natural disaster. According to the National Flood
Insurance Program, two adjacent properties have to be under water to call the situation a flood. In a
rural area, at least 2 acres must be submerged.

The two primary types of Florida Flood Insurance Policies are listed below.

Actual Cash Value Policy

The value of property as figured by determining the cost to replace the damaged or destroyed
property and adjusting the replacement value by subtracting an amount that reflects depreciation.
Or in other words, replacement cost minus depreciation. Homeowners are entitled to a
replacement cost value if they live in their homes at least 80% of the time and have flood insurance
coverage for at least 80% of their home's market value.

Commercial and apartment buildings will be covered only for actual cash value.

Replacement Value Policy

The amount it costs to replace or rebuild a damaged property. Replacement cost coverage is
available only for the building portion of a condominium insurance policy. Owners of single-family
homes may be able to buy replacement cost coverage on the building portions of their flood
insurance policies. A Fort Lauderdale, Florida area flood insurance replacement value policy will
pay only the replacement value up to the coverage limit providing the following conditions are
met:

1. the insured building is a single-family dwelling

2. the insured dwelling is your primary residence, meaning you live there at least 80% of the
year

3. the insured dwelling coverage is at least 80% of the current full replacement cost of the
dwelling, or the dwelling limit is the maximum allowed for the dwelling under the current NFIP
guidelines

For example, if rebuilding your home will cost $250,000, but you only purchased $200,000 in
coverage, your insurance policy will pay you only $200,000.

South Florida in particular has special flood insurance concerns from tropical storms and
hurricanes. Be prepared! Click on the link below to fill out a secure quote request form for a Fort
Lauderdale, FL Flood Insurance policy that will provide excellent Florida flood insurance coverage
at an affordable cost. After submitting the quote request form, Florida Flood Insurance agents in
the Fort Lauderdale, FL area will contact you to speak with you in more detail about your Flood
Insurance needs and to provide you with a quote or quotes.

Click here to fill out a

Fort Lauderdale, Florida Flood Insurance

quote request form

Fort Lauderdale, FL area insurance agents offering lower cost Florida flood insurance policy
premiums in the following south Florida cities and counties: Lauderhill, Sunrise, Tamarac,
Wilton Manors, Oakland Park, Lauderdale Lakes, Sea Ranch Lakes, Pompano Beach,
Margate, Coral Springs, North Lauderdale, Lighthouse Point, Hillsboro Beach, Coconut Creek,
Deerfield Beach, Boca Raton, The Hamptons, Highland Beach, Boca West, Delray Beach,
Boca Pointe, Boynton Beach, Lantana, Rainbow Lakes, Atlantis, Lake Worth, South Palm
Beach, Palm Springs, Greenacres, Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera
Beach, Glen Ridge, West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Juno Beach,
North Palm Beach, Loxahatchee, Belle Glade, Palm Beach Shores, Coral Gables, Kendall,
Miami, Richmond Heights, Pinecrest, Howard, Coral Way Village, Westchester, Westwood
Lakes, Brownsville, Sweetwater, Key Biscayne, North Bay Village, Miami Beach, Miami
Springs, Virginia Gardens, Hialeah, El Portal, Miami Shores, Medley, Indian Creek, Surfside,
Bal Harbour, North Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche Park, Hialeah
Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami Lakes, Biscayne Gardens,
Hallandale, Sunny Isles Beach, Golden Beach, Aventura, Uleta, Miramar, Pembroke Pines,
North Miami Beach, Hallandale Beach, Ives Estates, Pembroke Park, Hollywood, Dania
Beach, Cooper City, Davie, West Miami, Weston, Plantation, Playland Isles, Melrose Park,
South Miami, Cutler Ridge, Princeton, Perrine, Naranja, Homestead, Florida City, Leisure City,
Miami-Dade County, Broward County, and Palm Beach County, FL. Fort Lauderdale, FL area
insurance agents can also offer affordable Florida flood insurance policy quotes throughout
the Sunshine State, including in Jacksonville, Tallahassee, Orlando, Gainesville, Daytona
Beach, St. Petersburg, and Tampa, FL.

Learn About Affordable Florida Flood Insurance

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Fort Lauderdale, Florida Area Insurance Agents

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Insurance from Fort Lauderdale, Florida Area Insurance Agents

To review the Federal Emergency Management Agency's
Flood Maps for your property...click HERE!

**The information, pictures, and other content in this website about particular insurance services is
only provided for informational purposes. Any decisions regarding your insurance needs should be
discussed with a licensed insurance agent.

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Fort Lauderdale, Florida Flood Insurance

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