Can I get cheaper flood insurance if my home is elevated?

By Steve Conley

Short Answer

Yes, elevating a home above base flood elevation can significantly reduce flood insurance premiums. The elevation certificate documents this height and is used by insurers to calculate more favorable rates.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

Absolutely. Homes built above the BFE can save thousands per year on flood insurance. This is one reason stilt homes are so popular in the Keys. If you are comparing two properties, the elevation difference alone can offset a significant price gap over time.

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More questions in Flood Insurance & FEMA

How much does flood insurance cost in the Florida Keys? What flood zone am I in for my Keys property? How much does flood insurance cost in the Florida Keys? What is a FEMA elevation certificate? What is the difference between Zone AE and Zone VE? Do I need flood insurance if I pay cash for my home? How does flood insurance affect my monthly payment? What is the National Flood Insurance Program? Can I shop for private flood insurance in the Keys? How do flood zones change over time? What Flood Zone Is My Florida Keys Property In? Can the New Florida Keys Flood Maps Change What I Can Build? Insurance Requirements for Coastal Properties in the Florida Keys

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