More Changes to the National Flood Insurance Program

Now is the time to purchase flood insurance in preparation for the upcoming hurricane season

HurricaneTALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin M. McCarty is alerting consumers to new changes taking effect this Friday, April 1st with the National Flood Insurance Program (NFIP), while also encouraging consumers to consider purchasing flood insurance for the protection of their homes and businesses as they begin making preparations for the upcoming hurricane season. Every person living in Florida is at risk to experience the impacts of flooding.

“Although Florida’s hurricane season has been mild over the last 10 years, it is important that we not forget how easy it is for one storm to cause a great deal of damage and destruction from flooding. Tropical Storm Fay is a good example of a storm that made slow progress through the state leading to massive flooding problems for several Florida counties back in 2008, “ stated McCarty. “Consumers should carefully evaluate their insurance coverage now and have a plan in place for this year’s hurricane season.”

As a result of federal legislative reforms mandated by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters) and the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), the NFIP changes taking effect on April 1 will include price and fee increases for all policies and the elimination of some subsidies for certain lapsed and reinstated Pre-Flood Insurance Rate Map (Pre-FIRM) policies.

On average, Floridians with policies on pre-FIRM primary residences could see individual policy increases between 15% – 18%. Certain pre-FIRM policies (including non-primary residential and business properties) may see an increase of 25%. The federal policy fee will increase from $22-$25 for preferred-risk policies and from $45 to $50 for standard-rated policies. The annual HFIAA surcharge, which began last year, will remain at $25 annually for the primary residence of a homeowner and $250 for non-primary residences and non-residential properties. For more information, visit

Flood insurance is not typically covered under a homeowners insurance policy and must be purchased separately. Most flood insurance is administered through the NFIP, but several private insurance companies in Florida are also now offering this coverage at prices similar to or below those of the NFIP, giving Floridians more choices. For flood insurance coverage to be in effect at the start of hurricane season on June 1, homeowners and businesses should make the purchase by May 1, as a typical policy purchased through the NFIP has a 30-day waiting period before it becomes effective.

Consumers can purchase flood insurance from the NFIP, usually directly from their existing insurance agent or company. The insurance will cover up to $250,000 in property damage to a home and $500,000 to a business, along with additional contents coverage. Excess flood insurance can be purchased from a private insurance company for homes and businesses valued at more than $250,000.

For information on private insurers writing primary or excess flood coverage in Florida along with resources available on flooding, visit the Office’s “Flood Insurance” webpage. For more information about ways to prepare for hurricane season, to include a helpful list of website and claims numbers for the top property insurance companies in Florida, visit the Office’s “Hurricane Season Resources” webpage.

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