Living in Kissimmee, FL, comes with inherent weather-related risks. Flood insurance, however, is not automatically required by law for everyone who is living in the region. However, it may be required if your property is currently located in a high-risk flood zone or if you have a federally backed mortgage. In this situation, your lender may require flood insurance before approving your loan. At Familia Insurance Agency, we’re here to help you determine which type of flood insurance is best for you.

When is Flood Insurance Required?

Flood insurance is required when a home in Florida is located in a Special Flood Hazard Area. These locations are identified on FEMA flood maps and are considered a high risk for flooding.

If you’re interested in purchasing a home in one of these zones with a mortgage from a federally regulated or insured lender, flood insurance is usually required. Some private lenders may also require flood insurance, even if you’re located outside high-risk areas.

What If I Own My Home?

If you own your home outright without a mortgage, flood insurance may not be required by law. However, you will still be liable for paying flood damage costs out of pocket if you do not have coverage.

Why Consider Flood Insurance?

Standard homeowners’ insurance usually does not cover any damage caused by floods. A separate policy can protect your home, belongings, and finances after a covered flooding incident.

Whether you’re new to Kissimmee, FL, or you’ve lived in the area your entire life, understanding when flood insurance is necessary is key to ensuring a protected future. Knowing when flood insurance is required or necessary can help provide you with the peace of mind you deserve. If you’re currently in the market for flood insurance but want to learn more, Familia Insurance Agency is here to help.