Is Flood Insurance Required in Tampa, St. Petersburg, Clearwater, Dunedin, Tarpon Springs & Neighboring Areas ?

is flood insurance requiredMany Tampa area residents find themselves wondering, “ is flood insurance required where I live ?” And, the truth is that it depends. Fortunately, Five Brothers Insurance is here to help!

Is Flood Insurance Required ?

Oftentimes, mortgage lenders will require flood insurance as part of the lending agreement. After all, if your property is devastated by a major flood, your lender needs a means of recovering their losses. Because of this, most lenders will require flood insurance for those living in or near flood prone regions and Florida coastal areas. In these cases, homeowners are often aware that they must show proof of insurance by the closing date to receive the loan.

However, for homeowners in non-coastal and/or highly-elevated regions, or for those who are able to purchase their property in cash, flood insurance might not be required, but just because it isn’t required by law or lender, doesn’t mean that you shouldn’t obtain flood insurance. The sad reality is that many home and business owners throughout the state have suffered financial ruin after their properties were destroyed by catastrophic floods. By purchasing an affordable flood insurance policy from Five Brothers Insurance, you can ensure you are protected when you need it most.

How Much is Flood Insurance ?

So, how much is flood insurance ? That, too, will depend on a variety of factors, including the value of your property, your deductible, your carrier, whether you opt for contents coverage, and more. At Five Brothers Insurance, we can ask the right questions and find you a policy that you can afford. We are an independent agency, and as such, we can truly shop the market for the most comprehensive and affordable plans available.

We can provide our policyholders with nearly any insurance policy they could need, including homeowners insurance, life insurance, commercial insurance, and more, and, we always provide our policyholders with dedicated, ongoing, superior customer service throughout their entire policy term.

If you own a home or business in Tampa, St. Petersburg, Clearwater, Dunedin, Tarpon Springs or the neighboring areas and are wondering “ is flood insurance required where I live ?”, contact Five Brothers Insurance today for more information.