What impacts flood insurance policy costs?

A number of factors are considered when determining your annual flood insurance premium. These factors include:

  • Flood risk (e.g., your flood zone)
  • The type of coverage being purchased (e.g. building and contents coverage)
  • The deductible and amount of building and contents coverage
  • The location of your structure
  • The design and age of your structure
  • The location of your structure’s contents (e.g. Are your utilities elevated?)

Your property’s elevation

For properties in high-risk flood areas built after the first Federal Emergency Management Agency (FEMA) flood maps, the elevation of the building in relation to the base flood elevation is also a factor.

Learn more about elevation certificates and how you can pay less.