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Jackie Colson-Miller

Jackie Colson-Miller
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Homeward Real Estate
3401 Henderson Blvd
Tampa, FL 33609
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Moving to Tampa? Will You Need Flood Insurance?

The Latest News on Moving to Tampa, Living in Tampa, or Buying Real Estate anywhere in the World…every day on The Real Estate Sizzle…

One of the first questions every Homebuyer asks me, when they are moving to Tampa, is Do I Need Flood Insurance? The answer: YES. While a mortgage company may Bayshore_floodonly REQUIRE a homeowner to carry flood insurance in certain flood zones, , here are some facts every homeowner should know. Just a glimpse of flooded Bayshore Boulevard tells the story

1.One in Four flood claims, are in a low -moderate risk zone! Chances are good that nearly 25% of those homeowners did not have flood insurance because it was not REQUIRED by their lenders.

2. A car can be swept away by just 2 feet of water!

3. Flash floods occur in all 50 states! I am sure you recall the flash floods that have occurred in the U.K. and various parts of the U.S…areas that are NOT flood zones.

4. Homeowners Insurance generally will not cover rising water . That coverage requires a separate flood insurance policy.

5. You must add contents coverage to a flood insurance policy, if you want your belongings to be covered.

6. Premiums in low-risk areas are very reasonable, but damage from a flood is costlydo you want to take that chance?

7. It takes 30 days for insurance to take effect, so do not wait until a storm is coming to call your insurance agent.

For more infomation on Flood Insurance, visit FloodSmart.gov.

If you enjoyed this article, you may want to read my series on Hurricane Preparedness:

Part 1

Part 2

Part 3

If you are buying a condominium, most of your insurance on the building is generally covered under your Monthly Maintenance Fees.


I can help with your move to any Tampa neighborhood, including: South Tampa, Harbour Island, Davis Islands, Beach Park, Sunset Park, Hyde Park, Channelside, Culbreath Isles, Palma Ceia, Westchase, Waterchase, Odessa, Cheval, Avila, Brandon, Riverview, FishHawk, New Tampa, Tampa Palms, Hunters Green, Arbor Greene, Apollo Beach, South Shore, MiraBay, Golf Communities, Waterfront Homes, Luxury Homes in Tampa, Condos in Tampa and International Real Estatecontact me!

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This entry was posted on Wednesday, February 20th, 2008 at 6:45 am and is filed under Flood Insurance, Flood Zones in Tampa, Florida Real Estate, Insurance, Real Estate News, South Tampa. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Moving to Tampa? Will You Need Flood Insurance?”

  1. Eric of New Orleans Says:
    February 28th, 2008 at 11:40 am

    Another point is that the max you can buy in the Federal program is 250k. Hundreds of people learned ther lessons in New Orleans. Many had not updated there policies in years and when they flooded they did not have enough.

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