2017 Flood Insurance Rates, Some Ballpark Cost Estimates

The new 2017 Flood Insurance Rates have been released. The following provides some ideas of what these costs might come to. Obviously, check with your insurer for accurate rates. There are many different tables that might apply. These are my best attempts to decipher the tables. These costs also do not include any of the surcharges.

Pre-FIRM (1978) Single Family-Primary Residence home in an A Zone, No Elevation Certificate (Basic Insurance $60,000 coverage/Full Insurance $250,000 coverage)

No basement: $594/$2,304

With basement: $630/$3,157

Pre-FIRM (1978) Single Family-Second Residence home in an A Zone, No Elevation Certificate (Basic Insurance $60,000 coverage/Full Insurance $250,000 coverage)

No Basement: $1,212/$4,537

With Basement: $1,302/$6,204

Post-FIRM (1978) Single Family-Primary Residence home in an A Zone, (Basic Insurance $60,000 coverage/Full Insurance $250,000 coverage) With Elevation Certificate in relation to lowest floor and Base Flood Elevation

+3 feet: $192/$350

+2 feet: $282/$453

+1 foot: $522/$769

0 feet: $1,212/$1,592

-1 foot: $3,156/$3,631

-2 feet: $4,506/$5,494

-3 feet: $5,550/$7,279

 

 

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