Protect your home from flood damage. Get a flood insurance quote online today.
For too long, flood insurance has been expensive, complicated, and limited in its protection. That’s why Kin is proud to offer flood insurance that can be added on to your home insurance policy.
No separate policies. No separate deductibles. Just affordable, easy coverage.
Flood Insurance
for as little as
$175
per year
You pay one premium for both your home and flood insurance.
Your AOP deductible applies for both home and flood insurance claims.
We handle all your home and flood insurance questions, claims, and service.
Because flood insurance is the only type of coverage that can pay for damage to a home caused by storm surges, it’s important this protection is affordable and readily available to homeowners who need it most.
| Available Coverage | Kin | NFIP |
|---|---|---|
| Covers insured up to policy limits for dwelling, personal property, and other structures | Yes | No, maximum $250k for dwelling, $100k for personal property |
| Offers replacement cost coverage | Yes | Yes |
| Effective immediately | Yes | No, 30-day waiting period |
| Elevation certificate required | Optional | Yes |
| Offered as an endorsement | Yes | No |
| Available for seasonal homes | Yes | Yes, but at an additional cost |
The average annual cost of flood insurance in the US is $958 when you buy it from the National Flood Insurance Program (NFIP). In Florida, it’s $597 per year. Depending on which flood zone your home is in, your flood insurance rates can range anywhere from $190 to $2,000.
Premiums vary because the cost of flood insurance is based on:
But where you buy flood insurance impacts your premium, too. A recent study found that 77 percent of homes in Florida could get lower rates through private flood insurance rather than the NFIP. For example, Kin’s average flood insurance cost for Flood Zone X is $175 per year. That’s about $14 per month – less than the price of two lattes – to keep your home ready for whatever the weather throws at you.
Flood insurance covers storm surge damage to your property, other structures and personal belongings. While a standard home insurance policy can cover water damage from internal sources, like a burst pipe, it doesn’t covers damage caused by floods. Only flood insurance can do that.
Floods occur when two or more acres of normally dry land are inundated by water or mudflow. And they happen more often than you might think.
Every region of the United States experiences floods, according to the Federal Emergency Management Agency (FEMA). In fact, 90 percent of all natural disasters in the country involve some kind of flooding. About 20 to 25 percent of flood claims happen in areas considered low risk for floods.
The kicker? Even one inch of standing water costs $23,635 in structural repairs to a one-story home.
That’s why flood insurance is so important, especially if you own a home in Florida.
90%
of all natural disasters in the country involve some kind of flooding
25%
of flood claims happen in low-risk areas
$23,635
the average cost of structural damage caused by one inch of water
Refrigerators, stoves, washers, and dryers.
Clothing, furniture, and electronic equipment that isn’t stored in the basement.
Up to $2,500 in value
Landscaping, patios, fences, decks, septic systems, and pools
That depends on where you live and what your mortgage situation is like. For example, if your home is in a high-risk flood zone or Special Flood Hazard Areas (SFHAs) – locations with 25 percent chance of being flooded within 30 years – and you have a mortgage through a federally backed lender, you’re required to have flood insurance. Many mortgage lenders require flood insurance if your home is near a body of water, too.
If you don’t have a mortgage, you may not be required to buy flood insurance, but it’s risky not to. The Florida panhandle, the Gulf of Mexico, the Atlantic Coast, and the Mississippi River, and even areas in the Rockies face the threat of floods.
Up to 25 percent of all flood claims happen in low- to moderate-risk areas. That’s why even if you aren’t required to have flood insurance in these areas, it’s still a smart investment.
25% of all flood claims come from low to moderate-risk flood areas.
If you have a mortgage, you’ll usually be required to have flood insurance equal to the cost of developing your property or up to the maximum coverage limit available – whichever is lower.
Another useful benchmark is to have coverage equal the value of your home, other structures, and belongings. Your insurance provider can help you determine what makes sense for your needs.
Get flood insurance before you need it. No insurance policy will retroactively cover flood damage you already have, so it’s important to have flood coverage in place before a disaster strikes. Consider purchasing flood insurance well before flood and hurricane seasons begin.
If you’re looking at flood policies during hurricane season, be aware that a tropical storm warning may delay your ability to purchase coverage if there’s a moratorium.
Kin’s flood coverage is effective as soon as you buy it, but National Flood Insurance Program policies don’t take effect until 30 days after purchase. Keep those timetables in mind when shopping.
While you can’t purchase flood insurance directly from the National Flood Insurance Program, you can purchase flood insurance directly from Kin. Just apply for a flood insurance quote online – we’ll handle the rest.
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