Flood Insurance In Naples

Many homeowners are surprised to learn their homeowners insurance policies don’t cover flooding events. That’s right: Most homeowners policies won’t cover flood damage. This fact puts Florida residents—so many of whom live on or near Gulf Coast floodplains—in a tricky position. For such homeowners, adequate flood insurance isn’t optional; it’s a necessity.

What does Flood Insurance cover?

If a pipe in your home busted and flooded your floor, would it be considered a “flooding event” and thus, not reimbursed by your homeowner’s policy? Or would it be covered? If you answered, “Yes, this event should be covered under my home insurance policy”, you’re correct. A flooded floor or other water damage to the home caused by a malfunctioning appliance would likely be covered by a typical homeowners insurance policy.

What kinds of events then, are classified as “flooding” and are thus not covered under a standard home insurance policy? Obviously, a heavy rainfall event wherein water rose into your home would be considered flooding.

However, other kinds of damage classified as “flood damage” under standard home insurance and flood insurance policies aren’t quite so obvious. In other words, your house doesn’t need to flood with rainwater to sustain “flood damage.” As specified in typical homeowners and flood insurance policies, flood damage also includes:

• Rain damage

• Storm surge damage

• Mud damage

What type of flood insurance do I need?

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) which include:

• Standard

  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

  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.

How much does Flood insurance in naples cost?

The cost of flood insurance in Naples, FL varies depending on your agreed-upon values of the policy, chosen deductibles, insurability, and other factors. To request a free flood insurance quote, feel free to call us at (239) 353-3500 or fill out our online form.