Flood insurance in New Orleans

How much is flood insurance in New Orleans is common question

in this article

  • Preferred Flood Insurance rates
  • Can I remove contents coverage on a preferred flood risk policy?
  • What is Excess Flood Insurance?
  • How much is Flood Insurance in an A zone?
  • How much is an elevation certificate?

 

If the property is located in an Preferred Flood Zone X in New Orleans you will get set coverage amounts and pay the same rate 

 

Here are the Preferred Zone Rates 

Building 100,000  Contents 40,000  $399

Building 125,000  Contents 50,000  $419

Building 150,000  Contents 60,000  $446

Building 200,000  Contents 80,000 $487

Building 250,000  Contents 100,000 $516

 

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Can I remove contents coverage on a preferred flood risk policy?

No you will get the coverage included and you can’t adjust the coverage limits

 

The National Flood Insurance Program NFIP will only offer a maximum of 250,000 on a residential property and 100,000 of your personal property contents

If it will cost you more to rebuild your property minus the land value than 250,000 you should consider an Excess Flood Insurance policy

 

What is Excess Flood Insurance?

A private insurance company will offer higher limits above the 250,000 flood insurance limit up to the full replacement cost of your policy

Not all properties are eligible for Excess Flood Insurance 

 

How much is Flood Insurance in an A zone?

Flood insurance is an A zone is based on the elevation of your property in reference to the base flood elevation

 

Steps to obtain a flood insurance quote when your property is located in an A Zone

  • Get an Elevation Certificate
  • Email your Elevation Certificate to us so we can obtain the rate
  • Not all flood insurance policies are rated correctly

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This elevation certificate will give you the elevation of your property in reference to the base flood elevation

If your home is above the base flood elevation you will pay less for flood insurance

If your home is below the base flood elevation you will pay more

You can not obtain the exact rate for flood insurance in an A zone unless you purchase the elevation certificate

 

How much is an elevation certificate?

You can call around and find a local surveyor but I believe no less than $250 might be the going the rate

 

If you are ready to get a Flood Insurance quote

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