Flood Insurance Coverage Limits

Flood insurance reimburses you for damage to your building and/or its contents.

The National Flood Insurance Program offers insurance policies for buildings, for contents, and for combined coverage for both structural damage to buildings and loss of contents. Each policy type has its own limit, while the combination coverage uses the separate limit of each. For instance, a residential building only policy covers up to $250,000, while a contents only policy covers up to $100,000. The combined coverage policy covers the building up to $250,000 and the contents up to $100,000.

Residential Buildings

For residential buildings in low- and moderate-risk zones of B, C and X, homeowners may purchase a policy for the building only under standard rates, but not under preferred premium rates. In the high- and coastal-high-risk zones of A and V, homeowners may purchase coverage for the building only, but only qualify for standard rates. The minimum coverage available for the building only is $20,000 for an annual premium of $119 at preferred rates, or $35,000 for an annual premium of $439 at standard rates in zones B, C, and X, or $35,000 for an annual premium of $447 in zone A and $585 in zone V.

Residential Contents

For residential buildings in low- and moderate-risk zones of B, C and X, homeowners may purchase a contents only policy. In the high- and coastal-high- risk zones of A and V, homeowners qualify only for standard rates. The minimum coverage available for contents only is $8,000 for an annual premium of $39 at preferred rates, or $10,000 for an annual premium of $160 at standard rates in zones B, C and X, or $10,000 for an annual premium of $136 in zone A and $163 in zone V.

Commercial Buildings

For commercial buildings in low- and moderate-risk zones of B, C and X, business owners may purchase a policy for the building and contents, but not for just the building if qualified for preferred rates. Those qualifying for standard rates may purchase a building only policy. In the high- and coastal-high-risk zones of A and V, homeowners may purchase coverage for the building only. The minimum coverage available for building only is $50,000 at an annual premium of $416 in zones B, C and X, $530 in zone A, or $665 in zone V.

Commercial Contents

For commercial buildings in low- and moderate-risk zones of B, C and X, business owners may purchase a policy for just the contents. Those qualifying for standard rates may purchase a building only policy. In the high- and coastal-high-risk zones of A and V, homeowners may purchase coverage for the building only. The minimum coverage available for building only is $50,000 at an annual premium of $416 in zones B, C and X, $530 in zone A, or $665 in zone V.

Combined Coverage

Owners of both residential and commercial buildings in any zone may purchase a policy for just the contents. The minimum residential coverage available for building and contents coverage is $20,000/$8,000 for preferred rates in B, C, and X zones at an annual premium of $119, and $35,000/$10,000 for standard rates in any zone at standard premium rates of $439 in zones B, C and X, $477 in zone A, or $585 in zone V. The minimum commercial coverage available for building and contents coverage is $50,000/$50,000 for preferred rates in B, C, and X zones at an annual premium of $557, and $100,000/$50,000 for standard rates in any zone at premium rates of $1,271 in zones B, C and X, $1,755 in zone A, or $2,285 in zone V.

References

• Floodsmart: Residential Coverage Policy Rates
• Floodsmart: Commercial Coverage Policy Rates