Home Insurance in Cape Coral>Question Details

Sharon Bodnar, Other/Just Looking in Cape Coral, FL

Is flood insurance more expensive if your house is on the river rather than a canal?

Asked by Sharon Bodnar, Cape Coral, FL Sun May 9, 2010

Help the community by answering this question:


Flood insurance is by the federal government and is governed by the future potential of the property to flood. They do this be determining how often that area floods. Up here in northern NJ I saw classification of 100 year flood potential and 500 year flood potential. I would logically deduce that living on a canal in Cape Coral, that unless there are ‘flood remediation systems’ in place on that canal that it would be in the a category that is less that 100 years flood potential. (I personally did not see anything like that up here on the properties that I researched in northern NJ, but considering the potential for hurricanes in Florida, I would think there would have to be classifications less than 100 years.)

Anyway, the cost is governed by the federal government and the cost is steep. Here is the web site I used to give me a basic run down on the cost:


It is user friendly, since all that is required it inputting the address in question.
1 vote Thank Flag Link Tue May 11, 2010
Hi Sharon,

I like the office of Deleplane Insurance, the phone number is (239) 540-0606. They are located in Cape Coral, Fl. As you can see from the previous answers, there are plenty of factors that determine the cost of flood insurance. We have several contacts that will provide estimates for our customers. There are plenty of homes in Lee County require Flood insurance, even if they are not on the water. Flood Insurance is very common here. An issue to consider in regards to Flood Elevations is there are some guidelines/restrictions for remodeling a home with a low flood elevation. Our office specializes in waterfront properties in Cape Coral. If you are looking for Deep Water access, we have a great listing on the Spreader in the Southwest Cape for a very reasonable price. You can view this property and waterfront Foreclosures and Short Sales in Cape Coral on our web site at http://floridawestshorerealty.com. If you would like direct information on this listing you can email info@floridawestshorerealty.com and we will send you the listing direct.


Megan Eister
Broker, Florida WestShore Realty
(239) 415-6500
0 votes Thank Flag Link Tue May 11, 2010
Lee County has a very cool online tool which allows you to look up the flood zone of any property in the county: http://leegis.leegov.com/LeeSpInS/viewer.htm
Web Reference: http://www.gulfreturns.com/
0 votes Thank Flag Link Mon May 10, 2010
The simple answer to your question is yes. Feel free to contact me if you have additional questions or need assistance with your search for property.

Terry McCarley / Remax Realty Team
email: leecountyrealtor@earthlink.net
cell: 239-707-4575
http://www.leecountyrealtor.listingbook.com (search properties in our multiple listing service)
0 votes Thank Flag Link Mon May 10, 2010
Hi Sharon,

I am an insurance agent in Lee county. Flood insurance rates are set by the Federal Government. If your home is in a flood zone then the premium will be the same. The only question to ask that will increase or decrease the premium is "how high is the home elevated?" An elevation Certificate the confirm that for you.
0 votes Thank Flag Link Mon May 10, 2010

River or Gulf frontage property will have a higher flood premium than a canalfront property due to the higher flood risk. I have an awesome insurance guy in the area...................Mark Nellans @ Insurancenter in Fort Myers. I'm sure he would love to answer any questions you might have.

239.489.2838 x 105
0 votes Thank Flag Link Sun May 9, 2010
There is less risk of a canal overflowing than a river overflowing, unless the canal is below sea level. You may wish to contact a few local insurance companies for free estimates, before your purchase, then decide.
0 votes Thank Flag Link Sun May 9, 2010
Let me ask you this, is car insurance more expensive in a ford pinto or a lamborghini? Because that's what kind of questions your asking..
0 votes Thank Flag Link Sun May 9, 2010
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