Flood Insurance

The number one disaster in the U.S., floods can happen anywhere at any time.  Everyone is at risk, no matter how near or far you live from the coast. More than 25 percent of the National Flood Insurance Program’s (NFIP) flood insurance claims are for structures outside identified flood zones. What’s more, flood damage is typically not covered by a standard homeowners policy. In fact, only a small percentage of homes impacted by Hurricane Ian had flood coverage prior to the storm’s landfall.

Just a few inches of water in your home can cause tens of thousands of dollars in damage.  Are you covered?

A New Approach

A leading provider of residential property insurance in Florida, Tower Hill Insurance offers private flood coverage to meet your needs:

Private Flood

Tower Hill’s Private Flood program offers considerable advantages versus the standard NFIP policy:

  • Available for conventional single-family residential homes and townhouses/rowhouses
  • 100% building replacement cost up to $4 million, with contents up to 50% of Coverage A
  • Optional replacement cost for contents
  • Loss of use coverage up to $10,000
  • Single deductible (building and contents) ranging from $1,000 to $50,000
  • Single adjuster and streamlined claims process for wind and water damage
  • Payment plans

The waiting period for a Private Flood policy is only 15 days, and the waiting period is waived if the policy purchase is for a home closing or if there has been continuous flood coverage.

Tower Hill’s Private Flood programs are available exclusively through Lloyd’s, an Excess & Surplus Lines carrier, which holds a Financial Strength Rating (FSR) of “A” by A.M. Best Company.

National Flood Insurance Program

The NFIP is underwritten by the federal government but sold and administered by private insurance companies, and their agents, through the “Write Your Own” (WYO) flood program sponsored by the Federal Emergency Management Administration (FEMA). Through this program, homeowners may purchase up to $250,000 of flood coverage for their home and an additional $100,000 for their contents.

NFIP policies typically require a 30-day waiting period from date of purchase they go into effect.

Coverage Comparison

COVERAGES National Flood
Insurance Program
Tower Hill Private Flood
Coverage A
Coverage A – Building
(Maximum Limit)
$250,000 Maximum total insured value (TIV) $1.25 million
Other Structures 10% of Coverage A for detached garages (reduces the Coverage A limit) $100,000 or 10% of Coverage A (whichever is less) for detached garages and/or other structures (reduces the Coverage A limit)
Coverage B
Coverage B – Contents
(Maximum Limit)
$100,000 Up to 50% of Coverage A
Special Limits* $2,500* $2,500*
Loss Settlement Actual Cash Value Actual Cash Value (Replacement Cost is available)
Coverage C
Other Coverages
Debris Removal Limit Included** $250,000 or the Coverage A Flood limit (whichever is less)**
Sandbags, Supplies, and Labor Limit $1,000** $1,000**
Property Removed to Safety Limit $1,000** $1,000**
Coverage D
Increased Cost of Compliance
Coverage D – Increased Cost of Compliance Limit $30,000; Subject to $250,000 maximum for both Coverages A and D. $30,000
Coverage E
Loss of Use
Coverage E – Loss of Use No Coverage $5,000
Time Limit Not Applicable Payment will be for the shortest time required to repair or replace the damage or permanently settle your household elsewhere.
Waiting Period
Waiting Period 30 Days 15 Days (no waiting period for home closings or homes with continuous flood coverage)

*(a) Artwork, photographs, collectibles, or memorabilia, including but not limited to, porcelain or other figurines, and sports cards; (b) Rare books or autographed items; (c) Jewelry, watches, precious and semiprecious stones, or articles of gold, silver, or platinum; (d) Furs or any article containing fur which represents its principal value; or (e) Personal property used in any business

**Coverage does not increase the Coverage A or Coverage B limits.

Policy Discount Available

A 5% premium credit will be applied to the flood policy premium for customers who purchase a Homeowners (HO3) or Condo (HO6) policy through a Tower Hill company.


To request a flood quote, search for an agent near you, or complete the form below to have an agent contact you….