How much is flood insurance in gulf shores?

Asked by Rindy, Gulf Shores, AL Tue Apr 5, 2011

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Shane Willis, Agent, Pensacola, FL
Fri Apr 8, 2011
Really a ballpark type question that is unanswerable. Are we talking home/condo. On the beach off 2 years old or 40 years old......Sorry too many variables here
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Rich Homer, Agent, NAPLES, FL
Tue Apr 5, 2011
R,

This question requires an address. Then it requires a quote or ballpark quote from a insurance agent. Hope that helps guide you.
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Tue Apr 5, 2011
I can't answer about the Gulf, but I am oceanfront here in the Nags Head Kitty Hawk, NC coast. 80% of all homes here are in a flood zone and are required by the lender to have flood insurance, so it's very common here to have it. It's not all that expensive and it is all based on elevation above sea level. Higher is better and cheaper, this is the height of the ground, not the house on stilts (pilings). My house is about 200 ft from the ocean and is 1 lots back from it and I pay $430/yr for the max coverage of $250k. If you go back farther flood ins rates drop slowly and $250 is not uncommon. Those oceanfront homes can pay $2000 in some cases if the elevation is not high enough to reduce it. And again, FEMA flood only covers to a max of $250k. Those owners that must have flood to cover a million dollar home must go to Llyods of London, or some other private insurance co, and that can easily run $10-20k / year.
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