Florida Flood Insurance

If you own a home in Florida, you are at risk for flood.

Florida has a population of nearly 21 million people, over 1300 miles of coastline, and an average elevation above sea level of only 6 feet. This means every home in Florida is at risk for flood damage, even on so-called “low risk” zones.

Don’t have flood coverage? You could be hit hard in the pocketbook.

However, many Florida homeowners don’t carry any flood coverage, despite the fact that every year brings the possibility of another flood-causing weather event. Standard homeowners insurance policies don’t include coverage for flood, meaning if a big storm or hurricane hits and causes flooding, your losses could come out of your own pocket.

Olympus has your back with premium flood coverage from private flood market partner, Neptune.

Olympus Insurance partners with Neptune to offer Floridians flood insurance. While basic flood insurance is offered nationwide through the government-run National Flood Insurance Program, we’ve found that our homeowners can often save an average of 20-25% off their premium for coverage that is identical to – or even better than – an NFIP policy.

• Faster coverage: Neptune has pre-underwritten the entire market, which allows a policy to be obtained in less than 3 minutes with either no waiting period or a short 10 day waiting period (as opposed to NFIP policies, which mandate a 30 day waiting period in most cases.)
• More coverage: Flood coverage extends to the contents of structures not attached to the home such as a garage, pool house, or shed, grills and pools, and double or more the standard NFIP coverage for residential homes (Neptune covers up to $2,000,000) and contents (Neptune covers $500,000).
• Optional coverage: Extra endorsements can be added to your Neptune policy to tailor it to your individual needs.
  • Pool repair and refill. The NFIP specifically excludes coverage for swimming pools, but with this endorsement, Neptune will cover swimming pool repair & refill costs up to $10,000.
  • Extra buildings on property. Adding this optional coverage means Neptune will pay up to an additional $50,000 for all unattached structures combined.
  • Temporary living expenses. With this endorsement, if a home is deemed uninhabitable, Neptune will reimburse certain expenses for temporary housing and food costs.

Neptune’s flood coverage deductibles can start as low as $1,000, and primary residences (single family homes) qualify for building replacement cost coverage.

Don’t let threat of flood rob you and your family of peace of mind. Ask your agent about adding Neptune flood coverage to your policy.