Flood Insurance

Flood Insurance in Fort Walton Beach

At Dan Sullivan Insurance, we help Fort Walton Beach residents protect their homes with flood insurance policies through the National Flood Insurance Program (NFIP). Your home is your valued asset, and if you own or rent, flood insurance is a primary consideration in protecting the assets you’ve worked hard to earn.

The best time to buy flood insurance is now.

There is typically a 30-day waiting period before a policy takes effect after purchase.

Check out the flood facts below, and then call Dan Sullivan Insurance in Ft Walton Beach for additional information on a flood insurance quote.

Most homeowners insurance policies do not cover damage caused by flooding.

Only flood insurance policies cover physical damage to your property and possessions caused by flooding. NFIP offers up to $250,000 in flood insurance coverage for building property (your home) and up to $100,000 for personal contents (your belongings). Although these coverages fall under one policy, the coverages can be purchased separately so that renters can obtain only personal contents coverage if desired. If you are a homeowner wishing to protect your home and belongings, be sure to request both coverages.

For specific information about what’s covered and not covered, visit the National Flood Insurance Program Summary of Coverage.

The risk is real.

It doesn’t take a major body of water or a significant storm to cause flooding. A flood can occur as a result of a slow-moving rainstorm, snow melt, land development runoff, and more. High-risk areas have a 1 in 4 chance of flooding during a 30-year mortgage. And while moderate-to-low risk areas have a reduced risk of flooding, these areas are responsible for nearly 25% of flood insurance claims.

According to FloodSmart.gov, just one inch of water in a 1,000-square-foot home can cause over $10,000 in damage. That cost grows with the severity of the flood:

Estimated Cost of Flooding
in a 1,000-Square-Foot Home
Four-foot flood$39,950
One-foot flood$27,150
Six-inch flood$20,150
One-inch flood$10,600

When available, federal disaster assistance can cost more than a flood insurance policy.

Federal disaster assistance is not insurance. It is only available when a disaster is federally declared, and usually comes in the form of a loan with interest. A flood insurance policy is often the less expensive option.

If you’d like additional information about flood insurance coverage and quotes in Fort Walton Beach, you can visit our contact us page or call 850-862-6300.