Gulfshore Insurance > Gulfshore Blog > Flood Insurance > Flood Insurance Considerations for Waterfront Properties

Personal Lines Flood Insurance Considerations for Waterfront PropertiesIf you already own a waterfront property, then you are likely familiar with flood zones and flood insurance. If you are someone who is considering the purchase of waterfront property, then now is to time to get familiar with this coverage. Flood risk across the continental U.S. is concentrated along coastlines, and no state has more vulnerable beachfront miles than Florida. Most waterfront properties are considered high risk for flooding, just because of their proximity to the water.

Flood or “rising water” is not a peril that is covered under your typical homeowner’s insurance policy. Flood coverage is purchased as a separate stand-alone policy. The vast majority of all flood policies are purchased through the National Flood Insurance Program (NFIP) which is administered by the Flood Emergency Management Agency (FEMA); however, private options are also available. How much that insurance costs all comes down to the elevation of the building and the characteristics of the flood zone that it resides in.

Properties with direct ocean access are most often located in VE or AE flood zones. These high-risk zones require an elevation certificate before Primary FEMA Flood or Excess Flood quotes can be provided. The elevation certificate provides the base flood elevation as determined by FEMA in addition to the elevations of the garage, machinery, and first-floor living level. Some homes in these areas have elevated living levels which adds to the complexity of the underwriting process. For all areas below the base flood elevation, it’s necessary to confirm whether or not the enclosure is properly vented (in AE zones) or has breakaway walls (in VE zones).

Coverage for waterfront properties can be expensive and intricate, so we recommend looking into this. Interested buyers should be familiar with the complete scope of the house and all that it entails. When your buyers have questions about insuring their coastal property, turn to Gulfshore Insurance for answers. It’s critical to check with an agent early to verify the flood zone and elevation to avoid any surprises after a purchase contract is in place.

Andrea Pelletier, CPRIA, CPIA is Client Advisor and Partner at Gulfshore Insurance specializing in Private Risk Services. Andrea works with successful individuals and their families on creating and customizing package insurance solutions in the areas of luxury homes, car collections, jewelry, fine arts, watercraft, and personal excess liability. Comments and questions are welcome at

Gulfshore Insurance is a Naples, Florida based insurance agency specializing in home and homeowners insurance, car and auto insurance, boat and yacht insurance, property insurance, umbrella insurance, valuables insurance for fine art, jewelry, wine, and more. Navigating insurance requires an experienced and trusted insurance agent who understands your high net worth risks and exposures. Gulfshore Insurance services Naples, North Naples, Port Royal, Park Shore, Pelican Bay, The Moorings, Naples Beach, Marco Island, Bonita Springs, Sanibel Island, Captiva, Fort Myers, Sarasota, and Southwest Florida. We have office locations in Naples, Fort Myers, Fort Lauderdale, and Sarasota.