Condo flood insurance is specifically designed to protect individual units, personal belongings, and, in some cases, portions of the building not covered by the condo association’s master policy. Coverage can include the interior structure of your unit, personal contents, and additional living expenses if flooding forces you to temporarily relocate.
Flood risk is determined largely by your condo’s flood zone, as defined by FEMA:
- High-Risk Areas (Special Flood Hazard Areas / SFHAs): Units in these areas often require flood insurance by lenders.
- Moderate-to-Low Risk Areas: Coverage is optional but recommended to protect against unexpected flood events.
- Undetermined Risk Areas: Areas where flood risk hasn’t been fully assessed — insurance is still available.
Other factors that affect coverage and premiums include:
- Building construction and elevation: Higher-elevation units or buildings may qualify for lower rates.
- Association master policy coverage: What the condo association covers versus what individual owners need.
- Contents coverage: The value of personal belongings and upgrades inside the unit.
- Previous claims history: Prior flood events may influence eligibility and rates.
At Secure Flood Solutions, we help condo owners and associations navigate these factors to design policies tailored to the unique needs of each unit, ensuring that your property and personal assets are fully protected from flood events.