Flood Insurance: Are Florida Homeowners and Businesses Legally Required to have Flood Insurance?
Florida has a set of laws that regulate the insurance industry. These laws also require residents to purchase insurance for their homes and businesses. So are Florida homeowners and businesses legally required to have flood insurance? In short, no. However, there is no coverage for flood damage under standard homeowners insurance policies. If you live in a flood-prone area, consider purchasing a separate policy to protect your property against flood damage.