How Much Does Flood Insurance Cost?

Flood insurance will cover your home and all of your personal belongings in case a flood causes significant water damage.

This is the same way that fire insurance works.

If you are in a high-risk flood area, flood insurance may be mandatory.

A flood insurance policy is usually that is added onto your regular home insurance policy.

flooded! by tamadhanaval, on Flickr
flooded!” (CC BY-SA 2.0) by  tamadhanaval

How much does flood insurance cost?

Building OnlyAnnual Premium EstimateContents OnlyAnnual 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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