Go Back  The Hull Truth - Boating and Fishing Forum > REGIONAL BOATING & FISHING GROUPS > Florida & Georgia
Reload this Page >

Flood, wind and home insurance. St. Petersburg FL

Notices
Florida & Georgia
 Shur Hold Marine

Flood, wind and home insurance. St. Petersburg FL

Old 02-09-2021, 05:48 AM
  #1  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Nov 2018
Location: LI, NY
Posts: 576
Received 348 Likes on 167 Posts
Default Flood, wind and home insurance. St. Petersburg FL

I'm putting some numbers together. If you live on the water in a house In the area of St. Petersburg FL would you mind sharing what your all in insurance numbers are? How many square feet is your house?

Thank you
Old 02-09-2021, 05:50 AM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Jun 2002
Location: Treasure Island, FL
Posts: 1,009
Received 209 Likes on 115 Posts
Default

I will be happy to but under one condition.... You assimilate into Florida and please help not turn our state into NY South. 😁😁😁

Joking aside, send me a PM and I will send you my numbers.
Old 02-09-2021, 06:03 AM
  #3  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Nov 2018
Location: LI, NY
Posts: 576
Received 348 Likes on 167 Posts
Default

I can assure you Florida would be a better place with my wife and I living there. 👍😎😂. Not everyone in NY is blue. Pm sen
Likes:
Old 02-09-2021, 09:09 AM
  #4  
Senior Member
 
Join Date: Sep 2015
Location: left coast and keys
Posts: 530
Received 270 Likes on 153 Posts
Default

I live in St Petersburg on the water........in this case a brackish lake that dumps into TB. Our flood ins was $1200 a year for 2400 sqft. It has never flooded here since the beginning of recorded history for our area. As soon as we paid this place off I got rid of flood. $1200 buys a lot of sheetrock.

I believe if your home is built 9ft above sea level flood is not mandatory if there is a loan.
Old 02-09-2021, 10:01 AM
  #5  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Sep 2006
Location: Tierra Verde, FL
Posts: 482
Likes: 0
Received 8 Likes on 8 Posts
Default

same here send me a PM. I really like my broker as well
Old 02-09-2021, 10:38 AM
  #6  
Senior Member
 
Join Date: May 2020
Location: Clearwater and LTK
Posts: 235
Likes: 0
Received 218 Likes on 80 Posts
Default

There are so many variables, it’s hard to put a number on it without knowing specifics. For example, on my street, I’ll give you three examples 1) my house, 3000 sq ft is around $3k/yr, 2) my across the street neighbor, around 3000 sq ft is $7k/yr, 3) my next door neighbors house, about 4000 sq ft is $250/yr.

The difference you ask.......my house is my full time residence and ground level. My across the street neighbor moved for a job, but kept the house, they jacked his rate up because he doesn’t reside there more than 6 months and a day per year. Next door neighbor has the garage on the ground level and the living level above flood.

From what I understand, they are looking at raising flood level again, it used to be 8’6”, now it is 9’ and the rumor is they are looking to raise it to 10’. All new construction is required to have the living level above 10’. Both my house and my across the street neighbor were above flood when we bought, we’re at 8’9”......there was a large jump in premium when they raised the flood level to 9’. Since we are now considered below flood level, I don’t know what will happen to the premium if they raise the flood level to 10’.

I don’t really know how it works, but it will also cost more if your house was built after a certain year.....something about pre-firm and post-firm, but not sure what the specifics are on that.

Wind is the big shocker, that premium is calculated on a whole different basis and is usually much higher than the flood from my experience. It has more factors like age, value, construction material, window/opening protections and proximity to water.
Old 02-09-2021, 10:55 AM
  #7  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Nov 2018
Location: LI, NY
Posts: 576
Received 348 Likes on 167 Posts
Default

Originally Posted by FinReaper069 View Post
There are so many variables, itís hard to put a number on it without knowing specifics. For example, on my street, Iíll give you three examples 1) my house, 3000 sq ft is around $3k/yr, 2) my across the street neighbor, around 3000 sq ft is $7k/yr, 3) my next door neighbors house, about 4000 sq ft is $250/yr.

The difference you ask.......my house is my full time residence and ground level. My across the street neighbor moved for a job, but kept the house, they jacked his rate up because he doesnít reside there more than 6 months and a day per year. Next door neighbor has the garage on the ground level and the living level above flood.

From what I understand, they are looking at raising flood level again, it used to be 8í6Ē, now it is 9í and the rumor is they are looking to raise it to 10í. All new construction is required to have the living level above 10í. Both my house and my across the street neighbor were above flood when we bought, weíre at 8í9Ē......there was a large jump in premium when they raised the flood level to 9í. Since we are now considered below flood level, I donít know what will happen to the premium if they raise the flood level to 10í.

I donít really know how it works, but it will also cost more if your house was built after a certain year.....something about pre-firm and post-firm, but not sure what the specifics are on that.

Wind is the big shocker, that premium is calculated on a whole different basis and is usually much higher than the flood from my experience. It has more factors like age, value, construction material, window/opening protections and proximity to water.
Fin, what do you pay in wind insurance? Iím looking to see how much all-in insurance costs are. On LI, NY where I live my home insurance is $2300, that covers wind damage. My flood is only $450 because we raised our house after Sandy. I live in a 1200sqft house on a canal.
Old 02-09-2021, 11:06 AM
  #8  
dev
Admirals Club Admiral's Club Member
 
dev's Avatar
 
Join Date: Mar 2017
Location: St. Pete
Posts: 1,009
Received 1,124 Likes on 527 Posts
Default

Our basic homeowners is ~$4,800/yr, which has a couple of basic additional riders (jewelry, etc). That includes wind/hurricane coverage (~$3,000). Then we have the FEMA flood insurance, which is like $475, and then an additional coverage policy for stuff that would be damaged/lost on the ground level (garage/workshop area), which is ~$800 for roughly $250,000 of building and property. We are waterfront, AE zone. House is elevated with main level at 14' for an 11' flood zone, hurricane windows, roof, doors, etc. This for an ~$1.8M property.
Old 02-09-2021, 11:16 AM
  #9  
Senior Member
 
Join Date: May 2020
Location: Clearwater and LTK
Posts: 235
Likes: 0
Received 218 Likes on 80 Posts
Default

Originally Posted by Fishgaak.com View Post
Fin, what do you pay in wind insurance? Iím looking to see how much all-in insurance costs are. On LI, NY where I live my home insurance is $2300, that covers wind damage. My flood is only $450 because we raised our house after Sandy. I live in a 1200sqft house on a canal.

I donít have a breakdown, but I know itís right at $7k/yr for all insurances (wind/flood/homeowners) combined.
Old 02-09-2021, 11:19 AM
  #10  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Nov 2018
Location: LI, NY
Posts: 576
Received 348 Likes on 167 Posts
Default

Originally Posted by FinReaper069 View Post
I donít have a breakdown, but I know itís right at $7k/yr for all insurances (wind/flood/homeowners) combined.
sorry, I misunderstood, thank you.
Old 02-09-2021, 11:26 AM
  #11  
Senior MemberCaptains Club Member
 
Join Date: Jan 2008
Location: Terra Ceia Island FL.
Posts: 1,657
Received 236 Likes on 187 Posts
Default

our homeowners was $6900 per year. we put a new roof on it and it is now $2992. we are a smaller house, on stilts just north of palmetto.
Old 02-09-2021, 11:51 AM
  #12  
Senior MemberCaptains Club Member
 
Join Date: Sep 2005
Location: orlando madbeach, fl
Posts: 9,534
Received 1,783 Likes on 845 Posts
Default

Some of the variables that will affect your flood is the contents coverage along with the deductible. Max payout is $250k dwelling and $100k contents. Raising your deductible will have a pretty substantial effect on the premium as will reducing contents coverage. (mortgage holders are more concerned with the dwelling coverage)


Note: FEMA will keep raising the premiums until the flood insurance program is solvent (Ha, which means never!) Sandy and Katrina put the program under water (pun intended). If you read about the original program history, it was only supposed to be temporary to help homeowners in flood prone areas. Well, Uncle Sam being Uncle Sam, the program never went away and now is usually the only way to get coverage in high risk areas. (remember that when they tell you how much better things will be if the Gov takes over health care)

Have friends giving up and selling their waterfront homes because of the high cost of flood. Some are considering knocking down and going up. The most recent storm in our area, (Madeira Beach), ETTA, brought the worst flooding our locals can remember. I have neighbors that have lived on our street for 50 plus years and never saw the water get so high. We are fortunate that our street is one of the higher elevations in town and suffered no interior flooding. Our neighboring canal homes were not so fortunate and many suffered several inches of nasty water and sewage into their homes.

We paid off our home a few years back and carry $50k of flood. It runs us $1800 a year on our 1300 sq ft canal home.

It's been a deal killer for many home sales, good luck. There are not many options.

Plus side......it is 80 degrees out today!

Last edited by signmansez; 02-09-2021 at 01:20 PM.
Likes:
Old 02-09-2021, 05:44 PM
  #13  
Admirals Club Admiral's Club Member
 
Join Date: Jan 2011
Location: Louisiana & Florida
Posts: 1,082
Received 292 Likes on 194 Posts
Default

Signman is correct on the contents and other variables. The amount of coverage you get will affect it as well. Also the deductible will make a big difference. I was paying 3600 a year for flood on a ground level house about an hour north of St. Pete. On a canal within 300 yards of the Gulf. FEMA just re-did the flood maps and I got notice that my new premium will be 1900/year!! Went from VE to AE zone. My homeowners is about 2300/year. Would be alot less if I had impact windows, hurricane ties and a hip roof. The house was built in the 80's
Old 02-10-2021, 10:40 AM
  #14  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2009
Location: Tarpon Springs, FL
Posts: 8,595
Received 4,050 Likes on 2,297 Posts
Default

When we lived in Venetian Isles our flood insurance wasn't much but the floor level of the house we built was just above the 9' zone.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.