How come flood insurance is so expensive?

Flood insurance can protect your home from unexpected losses due to something you aren’t always able to control. However, many find themselves trying to understand why the policy costs what it does. There are a few different things that determine the total premium involved with a flood insurance policy.

Location Matters

The location of the property is more important than you might think. If your home is located in a flood area, your rates are going to be higher than someone who lives in an area where there aren’t a lot of flooding issues. Whether you are located near a lake, dam, or any other water source, any of those things could leave you spending far more to protect your home from future risks and loss.

Elevation is Crucial

Ideally, your home should be constructed at or above flood level. If the structure is barely at flood level elevation, you can expect to pay more for your policy than someone who has a home built a few hundred feet above flood level. The more off the baseline your home is, the better it is going to be for your pocketbook and overall policy premium.


Many people opt for lower deductibles on their policy without realizing that is going to leave you paying more for your policy each month. If you opt for a higher deductible, you can save on the overall cost of your policy. After all, your deductible only applies when you file a claim, so why spend far more each year on a what if premise?

In the event you ever do find yourself dealing with the aftermath of a flood, our team of experts can help you take control of the situation quickly and easily. Give us a call to discuss your options today.

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