How Much Does Flood Insurance Cost?

Flood insurance will cover you home and all the items in it in case a flood causes significant water damage.  This is the same way that fire insurance works.  If something other than a flood does the damage, it will not be covered under flood insurance.  If you are in a high risk flood area, flood insurance may be mandatory.  A flood insurance policy is something that is added on to your regular home insurance policy.

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How much is it?

Building
Only
Annual
Premium Estimate
Contents
Only
Annual
Premium Estimate
$35,000 $400 to $600 $10,000 $150 to $300
$50,000 $500 to $700 $15,000 $200 to $300
$75,000 $600 to $800 $20,000 $300 to $450
$125,000 $800 to $1,200 $40,000 $450 to $600
$225,000 $1,000 to $1,300 $100,000 $700 to $1,000

NOTE:  This is for a standard flood zone with a $1,000 deductible.  If you want to have the building and contents covered, it is best to double the building only estimate.  However, when this is done, your contents will more than likely get 30% in terms of coverage compared to the building coverage.  So a $35,000 building policy would get around $10,000 in contents coverage.

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