Orlando Real Estate, Orlando Buyers Agent, Orlando Homes, Orlando Buyers Broker: Orlando Flood Insurance misconceptions

Orlando Flood Insurance misconceptions

Orlando Flood InsuranceWhy need Flood Insurance in Orlando?

 The #1 disaster in the United states is flooding and Florida is no exception.  Central Florida is in close proximity to waterways and yes, there are a lot of lakes.  Heavy rains from Hurricanes and tropical storms are common. 


Getting Flood insurance when you buy a home is also a common "add on" and something that many home buyers do buy.


Here are some common misconceptions about Orlando Flood Insurance. 

  • Misconception #1:  Flood Insurance is expensive. 
  • Not so, Central Florida is located in the middle of the state and not along the coastal regions of the oceans.


  • Misconception #2: The home owners insurance policey will cover flooding.
  • Not exactly. While a regular homeowners insurance policy does cover  flooding, its only if it is due to a broken pipes or leaks.  It will not cover rising water due to overflowing water ways or rain.


  • Misconception #3:  If the home is in a low risk area it is safe from flooding.
  • Reality is that flooding can happen even if the property is in a low risk zone. 20% of flooding claims come from "low risk" areas.


Which home requires flood insurance?

Flood insurance is required if the property is located in a designated flood zone, determined by FEMA.  Just because it is located in a flood zone does not mean that the property will flood, just like if the property is in a low risk zone, does not mean that it will not flood.


This is a very common question.  Some home buyers even ask to view homes that are not in a flood zone...that is pretty much impossible.  Flood zones do change so something that is not in a flood zone today may be re-zoned "flood zone" tomorrow.  There is no way to predict.  I have a two homes on a lake...one is in a flood zone and the other is not.


Obtaining Flood Insurance

A home insurance agent will be able to give you a preliminary cost quote, but to get a final quote you will need an elevation certificate which can be obtained from the surveyor.


If you are getting a federally regulated loan and in a flood zone, it is mandatory that you have flood insurance.  If however you are paying cash, then it is up to your own discretion, to purchase it or not.  Typically it costs a few hundred dollars annually. 


The bottom line is this: Flood zones are prevalent in Florida, and just something that you may need extra insurance for....it should never be a deal breaker.


Buyers Broker of Florida helps home buyers find the best home at the most favorable terms.  We make sure that you are comfortable with your home buying experience and look forward to speaking with you 407-539-1053.

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Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent


Comment balloon 7 commentsMike & Eve Alexander • December 28 2014 06:40AM


This is good information. We have issues with flood zones here in New York as well. There are towns with sections that are not near water but prone to flooding in huge rainstorms and the like. 

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, 914-419-0270, kat@thehousekat.com) 8 months ago

I am on the West Coast, so I was wondering what your post would say. Thank you for the information.

Posted by April Swenson, CRS and Managing Broker - Ocean Shores Real Estate (Coldwell Banker Ocean Shores Brokers) 8 months ago

Out condo in Florida is 5 minutes from the ocean and although flood insurance wasn't required we got coastal flood insurance. I guess it depends on what one think is expensive but we didn't considering the cost of damage.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 8 months ago

Great information here. It's a scary topic for many, but one buyers need to consider if they are in an area where flooding can occur.

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 8 months ago

Mike & Eve Alexander - the title caught my eye given the recent flooding we experienced in San Jose.  Flood insurance as well as earthquake insurance carry many misconceptions.  Congrats on the Gold Star.

Posted by Kathleen Daniels, San Jose Homes for Sale - Probate Broker (KD Realty - 408.972.1822) 8 months ago

For those that need to know...this post does the job on the subject matter

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) 8 months ago

Richie Alan Naggar thank you for your comment.  Flood insurance is very misunderstood by those out of our state.

Posted by Mike & Eve Alexander, Exclusively Representing ONLY Orlando Home Buyers (Buyers Broker of Florida ) 8 months ago