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Florida Excess Flood Insurance for Tampa, Oldsmar, Clearwater, St Pete, Miami, & More
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 Flooding is one of the most destructive events that can occur in your home, ruining your walls, wiring, furniture, floors, and more. If your Florida home is in a high-risk flood zone and you have a mortgage, chances are the mortgage lender will require you to purchase flood insurance in addition to your standard homeowners insurance, which does not cover damage caused floods. Even if your mortgage lender does not require flood insurance, it’s still a good idea to get it, especially in the Tampa Bay area where one big storm could cause rising waters from the Gulf and Bay to overwhelm us.
Flood insurance is regulated by the federal government through the National Flood Insurance Program (NFIP). The NFIP has coverage limits for both residential and commercial structures. For example, the NFIP coverage limit for a residential structure is $250,000. While this coverage is good for some homeowners, there are many homes in the Tampa Bay area and across Florida that are worth more than $250,000. What kind of flood insurance can you purchase if the value of your home is more than the limits of NFIP coverage?
The answer to this question is: excess flood insurance. Virtually any homeowner can get an NFIP flood insurance policy because these policies are regulated by the government, but it’s more difficult to get excess flood insurance. As you might guess, there are a limited number of insurance carriers providing excess flood insurance. These companies provide excess flood insurance at their discretion, writing policies in the areas they choose.
Poe & Associates in Tampa, Florida can assist you with both flood insurance and excess flood insurance. We’ll gladly answer your questions, help you understand these policies, and provide you with quotes in a few minutes.
Please call or e-mail our Tampa, Florida main office today for more information and quotes for flood insurance and excess flood insurance. |
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