Flood insurance costs vary widely, from a few hundred dollars a year for many lower-risk homes to several thousand dollars for homes near creeks and rivers. Under FEMA’s Risk Rating 2.0, NFIP premiums are priced for each home individually based on distance to water, elevation, foundation type, rebuilding cost, and your chosen coverage and deductible.
Private flood insurers sometimes beat NFIP pricing, especially for homes outside mapped high-risk zones in Arapahoe, Douglas, Jefferson, and Denver counties. The best way to know is to compare NFIP and private quotes side by side.
Questions about your own policy? Johnson Insurance Agency in Englewood helps families and businesses across the Denver metro area and Colorado compare coverage from multiple carriers. Call us at 303-768-8130.
Related FAQs
Flood insurance covers direct physical damage caused by flooding to your home's structure and, if you buy it, your belongings. NFIP policies cover up to $250,000 for the building and ...
If your home is in a FEMA high-risk flood zone (a Special Flood Hazard Area) and you have a federally backed mortgage, your lender will require flood insurance. Lenders check ...
It's worth considering. Nationally, more than 20% of NFIP flood claims come from properties outside high-risk flood zones. In the Denver metro area, flooding often comes from intense summer thunderstorms ...
