Can I get flood insurance if I’m renting a property in Florida?

Are home renters able to purchase flood insurance? I've been renting my home in South Florida for over a year now.

Answer
“Yes, renters do have the option to purchase flood insurance from the National Flood Insurance Program (NFIP), which insures your belongings for up to $100,000.
A flood policy is a standalone policy that is different from your standard renters policy. You will want to carry both types of insurance if you live in an area prone to flooding. Here are some important factors to keep in mind:
  • Your personal property would be covered for actual cash value (ACV), not the standard replacement cost like your current renters insurance.
  • A renters flood policy will not cover damage to the apartment or home—only your personal belongings like furniture, clothing, etc. Your landlord would need their own policy for the structure and furnishings.
The pricing for this policy is based on the flood risk in your area, size of your building, year built, and the deductible you choose, among other factors.
Renters in moderate to high-risk areas like Florida might qualify for a Preferred Risk Policy, which offers the lowest premiums through NFIP.
Bundling renters and auto insurance can save you money—and the Jerry app makes it easy to get insurance quotes fast. Jerry compares the lowest-cost rates from over 50 of the nation’s leading providers in less than a minute and delivers them directly to your phone—for free.”
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Matthew Macgugan
Answered on Sep 10, 2021
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