Flood Insurance

Flood Insurance in New Orleans

Just an inch of water in your New Orleans home can cause over $20,000 of damage

and most homeowners who paid off their mortgage didn’t renew their flood insurance this year

Flood insurance provides peace of mind

Most people believe it is a major weather event like a hurricane that can cause flooding but here in New Orleans it could be two days of rain

Most flood maps have been updated in our area and moved the majority of residents into Preferred Flood Zones but this does not in any way indicate your house will never flood again

The cost of Flood insurance in New Orleans can be as low as $1 per day

Get a flood quote



The rate you pay for Flood insurance will depend on the address of the property

Your neighbor could pay $400 for flood insurance and your other neighbor could pay $1000

It all depends on the flood zone

If the property is located in a Preferred Flood zone B, C or X you will pay the same rate as all properties located in a preferred zone

Rates in a preferred flood zone can be as low as $400 on a 250,000 home

If your property is located in an a standard zone you will need an elevation certificate to determine the rate you will pay for flood insurance

Each house located in a standard zone will have a base flood elevation or benchmark and each house will be rated based on the elevation of the house

If your house is below the base flood elevation you will pay more for flood insurance

If your house is above the base flood elevation you will pay less

If you are buying a house your mortgage company or bank will require you to purchase an elevation certificate from a local surveyor to determine the elevation of the property

How much does a flood elevation certificate cost?

They should range from $200 – $400 from a local land surveyor

If your house is in an A zone and it has never been rated with an elevation certificate you may want to invest in an elevation certificate because base flood elevations have changed and it is possible you could be paying too much for flood insurance

How much flood insurance do I need?

You can purchase up to 250,000 on your home and 100,000 on your personal property through the National Flood Insurance Program

You can purchase Excess Flood Insurance up to full replacement cost of your home if needed

Flood Resources

FEMA Map lookup

Floodsmart Resource

What is Flood Insurance?

Flood insurance is the specific insurance coverage against property loss from rising water 

The definition from FEMA and the National Flood Insurance Program

A general and temporary condition of partial or complete inundation of normally dry land areas from:

(1) The overflow of inland or tidal waters;

(2) The unusual and rapid accumulation or runoff of surface waters from any source;

(3) Mudslides (i.e., mudflows) which are proximately caused by flooding and are akin to 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 and deposited along the path of the current.

A flood inundates a floodplain. Most floods fall into three major categories: river flooding, coastal flooding, and shallow flooding. Alluvial fan flooding is another type of flooding more common in the mountainous western states.

More About Flood Insurance

Nationwide, only 20% of American homes at risk for floods are actually covered by flood insurance.
Your homeowners insurance policy does not protect you from rising water
Flood insurance claims are excluded from your homeowners insurance and landlord rental dwelling property insurance

Can I buy Flood Insurance now?

If it is not a requirement by your mortgage company, 
you will have a 30 day waiting period
This prevents homeowners buying Flood insurance when the threat of a flood is happening
A storm in the Gulf?
Can’t buy it
A rising river that threatens to flood your neighborhood?
No a thirty day waiting before it becomes effective

Can I cancel  my Flood Insurance policy?

You can’t cancel your policy unless it is one of 26 reasons

Get a flood quote