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
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
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