Curt Iszard, Home Buyer in Fort Walton Beach, FL

How much is flood insurance "on avearge" if you buy a home a "flood zone"? Where can I find a map or link? Do most condo fee?

Asked by Curt Iszard, Fort Walton Beach, FL Sat Nov 7, 2009

include this? Understand, it depends on the value of the home..... I am trying to get an idea of the true additional costs of living close the waster. Possible cost per 100K.

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Hi Curt,

There are two very helpful websites that we suggest you review:

Good luck
1 vote Thank Flag Link Sun Nov 8, 2009
Karen is right. The best way to get an idea of prices for flood insurance is to get a quote from some insurance companies. Have your Realtor send the listing of the property to the insurance companies of your choice for the quote.

Most all of Florida is in a flood zone, it is just a question of which zone you are in. Walton County, to your east, has GIS maps which show the FEMA zones, and I know that Okaloosa County is a little higher tech with such things, so they likely have online maps for the public, too. The simple answer is ask insurance companies for quotes.
0 votes Thank Flag Link Tue Jan 26, 2010
Curt there is no average flood insurance. Flood insurance is not based on how close you are to the water, but how close you are to the water table. I live across the street from the water but I am not in a mandatory flood zone (as declared by FEMA). There are maps which identify the different category of flood zones . But they can't tell you how much it woud cost you. The best thing to do is pick a property, then call an insurance company and ask them what the rate would be. Additionally, the age and construction of the property may also make a difference in pricing. Most condo fees do include flood insurance for the structure, but you need to make sure you have something that covers contents.

Karen Butler, Coldwell Banker United Realtors, FWB, Fl 850-830-8780
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0 votes Thank Flag Link Mon Jan 25, 2010
I would recommend speak with experts such as an insurance agent in that area.

Condo fee the HOA would need be reviewed determine what is covered.

However have a property with water view is an exception to rule are easier sale than homes or condos with no view.

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0 votes Thank Flag Link Sun Nov 8, 2009
Hello again, Curt--

In response to the condo fees--normally condo association fees include insurance on the structure since it is common property to all the owners. That is the biggest reason why most condo fees appear to be so high to people searching the mls listings. The map can be found on Okaloosa and Walton county websites. Here is the site for the flood maps:

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0 votes Thank Flag Link Sat Nov 7, 2009
Hi Curt, I sold a house this week that was in a flood zone A and the flood insurance on that home was 1200/year. The home was sold for 225,000. I hope this gives you an idea. Now, of course, if you are waterfront on the Gulf, or waterfront right on the Choctawhatchee Bay, it is possible that insurance might be a much different rate. This house was not waterfront. I can give you the contact info for an insurance agent that would be happy to give you a written estimate for a particular property if you have one in mind.

Please call if I can be of any other assistance to you.

Myke Triebold
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0 votes Thank Flag Link Sat Nov 7, 2009
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