Florida Flood Insurance Information (Spring Hill, FL Area)
Even though Florida flood insurance is relatively inexpensive, most
homeowners do not choose to purchase the insurance protection
available. According to the Federal Insurance Administration, less than
one-quarter of the homes in areas most vulnerable are insured against
flood loss. In those areas, flooding is 24 times more likely to occur
than a fire during the course of a typical 30 year mortgage.
A standard Florida homeowners insurance policy will not cover damages
caused by flooding. You must have flood insurance from an insurer that
writes for the National Flood Insurance Program. If your community
participates in a floodplain management program, you should be eligible
to buy the coverage no matter if your flood risk is low, medium or high.
Residents of "coastal barrier areas" and communities that do not
participate in floodplain management programs may have trouble finding
flood insurance coverage. Florida flood insurance is also available to
renters, condominium owners, and co-op owners.
Flood Perils Include:
A general and temporary condition of partial or complete inundation of two or more acres of
normally dry land area or of two or more properties at least one of which is yours from:
Mudflow defined as a river of liquid and flowing mud on the surfaces of normally dry land areas,
as when earth is carried by a current of water that result in a flood as defined above
Outside of fire, flooding is the most widespread natural disaster. According to the National Flood
Insurance Program, two adjacent properties have to be under water to call the situation a flood. In
a rural area, at least 2 acres must be submerged.
Collapse or subsidence of land along the shore of a lake or similar body of water as a result of
erosion or undermining caused by waves or currents of water exceeding anticipated cyclical
levels that result in flood as defined above
Unusual & rapid accumulation of runoff or surface waters from any source that result in a flood
as defined above
Overflow of inland or tidal waters that result in a flood as defined above
Florida in particular has special flood insurance concerns from tropical storms and hurricanes.
Be prepared! Click on the link below to fill out a secure quote request form for a Florida Flood
Insurance policy that will provide excellent personal insurance coverage at an affordable cost.
Or you can speak with our Florida Flood Insurance specialist toll free at (800) 211-5095 to discuss the
policy features in more detail.
The two primary types of Florida Flood Insurance Policies are listed below.
Actual Cash Value Policy
The value of property as figured by determining the cost to replace the damaged or destroyed
property and adjusting the replacement value by subtracting an amount that reflects depreciation.
Or in other words, replacement cost minus depreciation. Homeowners are entitled to a
replacement cost value if they live in their homes at least 80% of the time and have flood
insurance coverage for at least 80% of their home's market value.
Commercial and apartment buildings will be covered only for actual cash value.
Replacement Value Policy
The amount it costs to replace or rebuild a damaged property. Replacement cost coverage is
available only for the building portion of a condominium insurance policy. Owners of single
family homes may be able to buy replacement cost coverage on the building portions of their
flood insurance policies. A Florida flood insurance replacement value policy will pay only the
replacement value up to the coverage limit providing the following conditions are met:
1. the insured building is a single-family dwelling
2. the insured dwelling is your primary residence, meaning you live there at least 80% of the year
3. the insured dwelling coverage is at least 80% of the current full replacement cost of the
dwelling, or the dwelling limit is the maximum allowed for the dwelling under the current NFIP
For example, if rebuilding your south Florida home will cost $250,000, but you only purchased
$200,000 in coverage, your insurance policy will pay you only $200,000.
We are a Spring Hill, Florida insurance agency offering affordable Florida flood insurance policy
services in the following cities and counties in Florida: Hudson, New Port Richey, Holiday,
Brooksville, Aripeka, Bayonet Point, Port Richey, Gulf Harbors, Elfers, Anclote, Tarpon Springs,
Palm Harbor, Land O' Lakes, Masaryktown, Garden Grove Esates, Spring Lake, Weeki
Wachee, Bayport, Brooksville, Istachatta, Pineola, Nobleton, Bushnell, Sumterville, Center Hill,
Webster, Linden, Mascotte, Tarrytown, Ridge Manor, Catherine, Trilby, Lacoochee, Dade City,
Blanton, San Antonio, St. Leo, Zephyrhills, Crystal Springs, Wesley Chapel, Pasco, Darby,
Odessa, Richland, Lumberton, Homosassa Springs, Hernando County, Pinellas County, Citrus
County, Hillsborough County, and Pasco County, FL. We also offer Florida flood insurance
policy services throughout the Sunshine state, including Winter Haven, Lakeland, Miami,
Orlando, Tampa, St. Petersburg, Tallahassee, Ft. Lauderdale, and Jacksonville, FL.
**The information, pictures, and other content in this website about particular insurance services is only
provided for informational purposes. Any decisions regarding your insurance needs should be discussed
with a licensed insurance agent.

Please be advised that insurance coverage cannot be bound, changed or confirmed via voicemail, email,
fax or online at the agency's website. You must speak directly with a licensed insurance agent.
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Economy Insurance Mart
7377 Spring Hill Drive
Spring Hill, Florida 34606
Hernando County, FL
Phone: (352) 688-0109
Phone: (352) 684-5353
Toll Free: (800) 211-5095
Fax: (352) 688-6050
Fax: (352) 684-5357