Miramar Flood Insurance

Your Complete Guide to Miramar, FL, Flood Insurance

When you need a local adviser

In Miramar, FL, there are approximately 141,191 residents. The right coverage for your property is necessary. Flood insurance can help protect your assets.

An independent insurance agent will have access to several carriers so that you get the best insurance for a low price. They work on your behalf at no cost, making it a no-brainer. Connect with a local adviser to get started.

What Is Flood Insurance?

The majority of property owners think flood damage is included in their home and business policies. The truth is, it's not. In fact, carriers exclude claims that involve flooding. For that, you'll need to obtain a separate flood insurance policy.

  • Flood insurance: This type of property insurance covers a structure for losses due to a flood. This is caused by snow melting, storm surges, heavy rainfall, storm drainage system failures, and even levee dam system failures.

What Does Flood Insurance Cover in Miramar, FL?

Florida alone has roughly 1,765 flood losses reported each year. If you have a property that needs protection, you'll want to acquire flood coverage. Take a look at what your Miramar, FL, flood policy will cover.

  • Electrical and plumbing systems
  • Portable and window air conditioners
  • Furnaces and water heaters
  • Appliances 
  • Carpeting
  • Built-ins
  • Window treatments
  • Valuable items
  • Foundational elements 
  • Detached garages
  • Fuel tanks
  • Well water tanks and pumps  
  • Solar energy equipment
  • Personal belongings

What Does Flood Insurance Not Cover in Miramar, FL?

There will be exclusions on every homeowners and business insurance policy. Carriers will provide coverage for specific instances. Anything else will need to be covered under a separate policy or at your own expense.

  • What is considered a flood:  A flood is an excess of water on land that is usually dry. This typically is classified as affecting two or more acres of land or two or more properties. 

Losses that are generally excluded from your flood policy

  • Water/sewer backup
  • A burst pipe
  • A waterline malfunction
  • A roof leak

How Much Is Flood Insurance in Miramar, FL?

Your personal and commercial insurance premiums vary depending on your criteria. Flood insurance is no different. Items that may affect your Miramar, FL, flood insurance are the following.

  • The location of your property
  • The flood zone of your property
  • Whether the property is residential or commercial
  • Your insurance score
  • Your loss history
  • Prior coverage history

Similar to workers' compensation insurance, a flood policy is regulated by a government entity. FEMA sets the guidelines for flood insurance across the nation. They will also determine the pricing based on zoning and other property factors. 

How Much Is Flood Insurance in Zone AE?

You can look up your Miramar, FL, flood zone using an elevation certificate and flood insurance rate map. Every location will be assigned a zone that determines how likely they are to have a flood. The difference in flood zone types in Miramar, FL, are the following.

  • Flood Zones B, C, and X: These are low to moderate flood risks and usually less annual premium for a flood policy. Insurance is typically not a requirement by your lender for this zone type.
  • Flood Zones A and V: These zones are your high-risk locations and the most significant change for a flood loss. Your premiums will be more expensive, and lenders require flood insurance.

The average annual flood insurance premium in Florida falls at $592. The closer you are to the shore and bodies of water, the more that number will go up. If your property is in an AE flood zone, you'll pay one of the most expensive premiums. For your exact costs, get quotes through a professional.

How Much Flood Insurance Do I Need?

Your Miramar, FL property will need specific coverage for a flood. FEMA has limits they go up to for flood coverage depending on the risk. They are as follows.

  • Flood insurance for your home: Flood carriers usually offer $250,000 for the building and $100,000 for the building contents.
  • Flood insurance for your business: Flood carriers usually allow $500,000 for the building and $500,000 for the building contents.
  • Flood insurance as a renter: Flood carriers typically offer $100,000 for contents-only coverage. 

How an Independent Insurance Agent Can Help

Miramar, FL, flood insurance can be confusing if you're not a licensed professional. Between flood zones and coverage amounts, there is a lot to know. Fortunately, a trusted adviser can help. 

When you work with an independent insurance agent, they save you time and premium dollars. They have FEMA-approved carriers to quote through, so you're getting adequate protection. Connect with a local expert on TrustedChoice.com to get started.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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