Florida Flood Insurance

t flood insurance, including addressing the common misconceptions, and to help them with their flood insurance needs. The Number One Misconception is that homeowners insurance covers flood risk. The fact is that homeowners insurance policies typically DO NOT cover flood damage, a point usually highlighted in bold letters on the first page of your homeowners policy. The Second Misconception is that flood insurance policies are expensive. Actually, if your home or business is located in a Preferred Risk Zone as determined by FEMA, you can purchase flood insurance for as little as $129 per year. The Third Misconception is that many homeowners think they don’t live in a flood zone. In reality, FEMA has designated the entire state of Florida as a flood zone with varying levels of risk.