Cost Comparison for a $100,000 Home

If you own a home in a participating community, you are eligible for flood insurance. There are many factors that affect the price you'll pay for flood insurance. The higher the risk, the higher the premium.

If you purchase $100,000 in building coverage for your home, your annual premium could vary greatly depending on the area in which you live. Compare the three examples below.

If the property is located near the ocean and is subject to storm surge and hurricane damage, your premium could be over $1,000 annually because your home is in the highest risk area.

If the property is located near a river, lake or stream, your premium could be about $500 annually because of the high potential for flooding.

If the property is located in a low risk area your premium could be around $260 annually.

For specific information concerning your particular home and the cost of flood insurance, contact your insurance agent.

Visit FEMA for more information.

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