When Tropical Storm Debbie came through the area last month, she was an equal opportunity disaster. It was not uncommon to hear about homes that were not considered to be in a flood zone to take flood damage.
There are two elements to flood coverage- building & contents. You don't have to have coverage for contents, but imagine what it might cost to replace everything inside your home if it were destroyed. That will help you decide.
Deductibles are another decision. Lower deductibles are not that much more expensive that the highest choices. Be sure to price all the options.
The last key detail is whether your policy will cover ACV (actual cash value) or replacement cost. It might be a $2,000.00 sofa to you, but if it has some age it might be a $200.00 sofa to your insurance carrier.
A year before TS Debbie came to town, I bought a home at the end of a canal in New Port Richey. The home was built in 1972 and had "never flooded". For a brief moment a told myself, "If it survived the last 40 years, I will be fine." By the time TS Debbie left town every square inch of my home was under water. Tens of thousands of dollars later, THANK GOD I HAD FLOOD INSURANCE!!
It is needed if you purchase on a flood zone, which you can find out by looking at the county zoning records or by ordering an elevation certificate from a surveyor. By the way the elevation certificate will help you get a discount from the regular home insurance by proving it is a flood free zone.