Does Elevating Your Home Lower Flood Insurance Costs?

Living in Florida means enjoying beautiful coastlines and sunny weather, but it also brings the challenge of managing flood risk. For many homeowners, flood insurance is a necessity, and so is finding ways to keep those premiums manageable.

How Home Elevation Impacts Flood Insurance

Elevating your home is one of the most effective ways to reduce your flood risk. By raising your property above the base flood elevation (BFE) determined by the Federal Emergency Management Agency, you can significantly decrease the likelihood of flood damage. Insurance companies use your home’s elevation relative to the BFE to help determine your flood insurance premium. Generally, the higher your home sits above the BFE, the lower your risk, and the lower your insurance costs may be.

Why Elevation Matters in Florida

Florida’s unique geography makes it especially vulnerable to flooding, whether from hurricanes, heavy rains or rising sea levels. Many communities participate in the National Flood Insurance Program, which uses elevation certificates to assess risk and set premiums. If your home is elevated above the minimum required level, you may qualify for substantial savings on your flood insurance policy.

The Additional Benefits of Home Elevation

Beyond potential insurance savings, elevating your home can:

• Reduce the risk of costly flood damage
• Increase your property’s resale value
• Provide peace of mind during storm season

Learn More

The team at The Marvelous Associates Inc. understands the complexities of flood insurance and home elevation. We can help our clients:

• Review current flood insurance policies
• Understand elevation requirements and benefits
• Explore mitigation options to reduce risk and costs
• Navigate the process of obtaining elevation certificates

If you’re considering elevating your home or want to learn more about lowering your flood insurance premiums, our team is here to guide you every step of the way. Contact us today to speak with one of our flood insurance specialists.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.