Don't Wait Until the Storm is Coming
Flooding is the #1 natural disaster in the United States — and your homeowners policy doesn't cover it. FEI & GAC helps Florida property owners and renters find the right flood coverage before it's too late.
Florida's Flood Risk Is Greater Than Most Realize
According to FEMA, flooding is the most common and costly natural disaster in the United States. Even if you live miles away from the coast or a body of water, you can still be impacted by flooding from a broken sewer line, heavy rainstorm, or tropical storm — and your homeowners policy will not cover a single dollar of that damage.
FEI & GAC Wealth Management provides flood insurance to property owners, renters, and businesses throughout Tampa Bay and across all of Florida. We offer both NFIP (National Flood Insurance Program) policies and private market flood insurance, so you get the right coverage at the most competitive price available.
We serve clients throughout:
⚠ The 30-Day Waiting Period
Most NFIP flood insurance policies have a mandatory 30-day waiting period before coverage goes into effect. If a storm is forecast or hurricane season has begun, it is already too late to get covered in time. Don't wait — secure your policy well before you need it.
Who Needs Flood Insurance?
Flood insurance isn't just for coastal homeowners. Flooding can affect any Florida property — including those in low-to-moderate risk zones. Roughly 25% of all NFIP claims come from properties outside high-risk flood zones. We offer coverage for:
- Homeowners — primary & rental properties
- Renters (contents coverage)
- Condo unit owners
- Business owners & commercial properties
Citizens Policyholders — New Requirement
Florida law now requires many Citizens Property Insurance policyholders to carry separate flood insurance. The requirement is being phased in by dwelling value through 2027. Ask us if your property is affected.
NFIP vs. Private Flood Insurance
There are two main types of flood insurance available in Florida. As an independent agency, we help you compare both and choose the right fit for your property, coverage needs, and budget.
NFIP Flood Insurance
- Federally backed — guaranteed claims payment
- Available in all 22,600+ participating communities
- Accepted to satisfy lender requirements
- Satisfies Florida's Citizens flood requirement
- Dwelling coverage capped at $250,000
- Contents coverage capped at $100,000
- 30-day waiting period for most new policies
- Does not cover additional living expenses
Private Flood Insurance
- Coverage limits up to $10 million available
- May offer lower premiums than NFIP in some zones
- Faster claims processing in many cases
- May include additional living expense coverage
- Broader policy options & endorsements available
- Ideal for homes exceeding the $250K NFIP cap
- Availability varies by carrier & flood zone
- Not always accepted by all lenders (verify first)
Florida Citizens Policyholders — Flood Coverage Now Required
Florida law requires Citizens Property Insurance policyholders to carry separate flood insurance, being phased in by dwelling value through 2027. As of January 2025, policies with a dwelling value of $500,000 or more are already required to have flood coverage. By 2027, all Citizens policies will be subject to this requirement. Contact us to make sure you're compliant →
What Flood Insurance Covers
Building and contents coverage must be purchased separately under an NFIP policy. Here's what each covers — and what is typically excluded.
Building / Dwelling Coverage
Covers physical damage to the insured structure from flooding. NFIP building coverage is capped at $250,000 for residential properties. Private flood insurance can provide higher limits.
- Electrical and plumbing systems
- HVAC equipment, water heaters & appliances
- Permanently installed carpeting over an unfinished floor
- Permanently installed paneling, wallboard & bookcases
- Window blinds & foundation walls
- Detached garages (up to 10% of building coverage)
- Fuel tanks, well water tanks & solar energy equipment
Contents / Personal Property Coverage
Covers personal belongings damaged by flooding. Must be purchased separately from building coverage. NFIP contents coverage is capped at $100,000.
- Clothing, furniture & electronic equipment
- Curtains & window treatments
- Portable & window air conditioners
- Portable microwave ovens & dishwashers
- Carpets not permanently installed
- Valuable items up to $2,500 (artwork, furs, jewelry)
- Washer and dryer units
What Qualifies as a "Flood"?
The legal definition of a flood under NFIP and private market policies is the same: a general and temporary condition of partial or complete inundation of two or more acres of normally dry land, or two or more properties, including the policyholder's. Covered flood sources include:
- Overflow of inland or tidal waters
- Rapid accumulation or runoff of surface waters from rain
- Mudslides caused by flooding
- Collapse of land along a shoreline from wave erosion
What Is Typically Not Covered
- Additional living expenses (NFIP policies) — temporary housing costs while displaced
- Financial losses from business interruption
- Property outside the insured building (decks, fences, landscaping)
- Vehicles (covered by a separate auto policy)
- Currency, precious metals & valuable papers
- Damage caused by moisture, mildew or mold that could have been avoided
- Flooding of a single property less than two acres (NFIP)
Note: Some exclusions above may be covered under private flood insurance policies. Contact us to compare your options.
Don't Wait Until the Forecast Calls for Rain
Most NFIP flood insurance policies have a mandatory 30-day waiting period before coverage goes into effect. Once a storm is named or a flood watch is issued, it is too late. Florida's hurricane season runs June 1 through November 30 — the time to get covered is now, not when the weather turns.
Get Covered TodayGet a Free Florida Flood Insurance Quote
We'll compare NFIP and private flood insurance options to find the right coverage for your property and budget. Most quotes are ready within one business day — don't wait until it's too late.
Speak With a Licensed Agent
Our team is available Monday through Friday during business hours to help you find the right flood insurance before the next storm season.
Land O Lakes, FL 34638
St. Petersburg, FL 33702