Home Insurance in 33991>Question Details

josephlauper…, Home Owner in Cape Coral, FL

cost of flood insurance in 33991

Asked by josephlaupert0801, Cape Coral, FL Mon Jun 17, 2013

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Hi Joseph! The one important thing you should know, is that FEMA is likely to increase Flood Insurance rates significantly by the Fall of this year. Given the cost, sadly, of so many recent natural disasters, the program is/has run out of money. Whomever you speak with (insurance agent) be sure to have them address this looming issue. Ones' property could be off-water but in a flood zone. The elevation height of the property is the key. The 33991 area does have the barrier islands and preserve to help and most of the homes are newer (usually higher in elevation, but your best call would be to an insurance agent. Bon chance!

Victoria Yereance, RE/MAX Realty Team, 239-823-6917
pvcape@comcast.net
0 votes Thank Flag Link Tue Jun 18, 2013
I use Greg Gafford at Tim Collier Statefarm Insurance. He has been a great help with all our clients insurance needs.

239-541-4444
0 votes Thank Flag Link Tue Jun 18, 2013
Sorry, I meant "when" did State Farm start providing property insurance and flood insurance down here?
Flag Tue Jun 18, 2013
Then did State Farm start providing property insurance down here?
Flag Tue Jun 18, 2013
Please call me directly at 239-322-0309 I am a licensed Property and Casualty Agent and sell Flood insurance. There are several factors that will effect a premium.

Carl
0 votes Thank Flag Link Tue Jun 18, 2013
You will need to contact an insurance company with this question. It is not a set rate by zip code. It is based on elevation. You will need the address you are inquiring on. If the property is not in a flood zone you won't even be required by your lender to carry it but its still a good idea to have it.
0 votes Thank Flag Link Tue Jun 18, 2013
Check with your insurance provider, policies differ from company to company.
0 votes Thank Flag Link Tue Jun 18, 2013
Possibly $0 if the house is not in a flood zone. Call an insurance agent with the address. FEMA sets the rates so it will be the same price no matter who you call.
0 votes Thank Flag Link Tue Jun 18, 2013
Hello,
You will expect to pay $1100 - $1700/year for a single family home. If you want exact rates you can contact a local insurance company with the address you are in question about to confirm if the home is actually in a flood zone and what the expense will be. Let me know if I can be of further assistance.

Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2005-2012" by Gulfshore Life Magazine
239-464-8620
sarahgarrett@argfl.com
Access to MLS Listings in SW FL:
0 votes Thank Flag Link Mon Jun 17, 2013
Contact FEMA/ National Flood insurance program

They set the rates, which will depend if you are in a high risk area or not.

Best of luck to you!!!

Kawain Payne,Realtor
0 votes Thank Flag Link Mon Jun 17, 2013
Joseph,

Realtors can't answer that question because they are not insurance underwriters.

Insurance underwriting involves measuring risk exposure and determining the premium that needs to be charged to insure that risk. Every home is different so there is no way of knowing precisely what your homeowners' insurance would be "and" it certainly would not be based on what someone else is paying.

Good luck and if you are in search of a property, please feel free to contact me if you are not currently working with a realtor.

Regards,


Therese A. Clapp, Realtor® GRI, ABR, MBA
SFR, AHWD, REPM
BROKER Associate

"The Clapp Team"

Century 21 Sunbelt Realty, Inc.
725 Cape Coral Pkwy W
Cape Coral, FL 33914
Primary Tel: 239-542-4777
0 votes Thank Flag Link Mon Jun 17, 2013
Flood insurance premiums are determined by the elevation of the lot. An elevation certificate can sometimes be found with the city or the current owner may have a current copy. An insurance agent can put a quote together with that information.
0 votes Thank Flag Link Mon Jun 17, 2013
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