There’s good news and bad news for Florida homeowners — and both involve flood insurance. With hurricanes, rising water levels, and increased storm activity, lenders across Florida are starting to require flood insurance — even for properties outside designated flood zones. But the good news? It’s more affordable than most people think.
Why Flood Insurance Is Becoming a Requirement
Due to the rising frequency of flood-related damage in Florida, many mortgage lenders now require borrowers to carry flood insurance. Even if your home isn’t located in a FEMA-designated flood zone, your lender may still enforce it based on risk.
That means no matter where you live in Florida, you could soon be required to have a flood policy — or risk violating your mortgage agreement.
Flooding Can Happen Anywhere
Just one inch of water inside your home can cause up to $40,000 in damage, especially if you have high-end flooring, appliances, or personal property. Floods are one of the most common and costly natural disasters in the U.S., and Florida ranks near the top for flood-related insurance claims.
Is Flood Insurance Expensive?
Surprisingly, flood insurance is very affordable. In fact, many homeowners find that a full year of flood coverage costs about the same as just one month of their standard homeowners insurance.
Even homes outside of flood zones are eligible for preferred risk policies, which offer excellent coverage at lower premiums.
Flood Insurance vs. Homeowners Insurance
It’s critical to understand that homeowners insurance does not cover flood damage. Flood insurance is a separate, supplemental policy designed to cover water damage caused by:
- Heavy rain
- Overflowing rivers or canals
- Storm surge
- Rapid snowmelt (less common in FL, but still relevant in some zones)
If you don’t carry homeowners insurance at all, flood coverage becomes even more important — it might be your only financial protection against damage.
Why You Should Act Now
Flood risks in Florida are only growing. Waiting until it’s required could result in:
- Higher premiums
- Delays in coverage (there’s often a 30-day waiting period)
- Non-compliance with your lender
Let Go Pink Insurance Help You Stay Ahead
Whether you’re required to carry flood insurance or just want peace of mind, Go Pink Insurance is here to help. We offer:
- FEMA-backed and private flood policies
- Custom coverage for your property’s value
- Advice tailored to your location and home risk profile
