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Flood Insurance

Find out your risk and get protected.

Home insurance does not cover floods. Just a few inches of water can cause thousands of dollars in damage.

Find out your risk and get protected. Goodlad & Swank offers coverage through the National Flood Insurance Program as well as private flood insurance carriers.

In Florida, you need flood insurance

As a homeowner, it’s a smart idea to have flood insurance so that you’re protected from water damage caused from tropical storms, hurricanes, and overflowing lakes during the summer. ​

Your property’s risk of flooding is especially high if you’re living in a high-risk area, for example, nearer to the beach or in a flood zone. Something many people may not know is that typical homeowner’s insurance doesn’t cover flood damage due to the extreme costs that floods can cause. Just one inch of water can cause over $25,000 in damage!

How to Choose your Flood Insurance Company

It’s not always easy to know what insurance company to choose since there are so many out there. But when you are choosing, you’ll want to make sure that the insurance company you go for is affordable, reputable, and provides easy sign-up access. Goodlad and Swank and here for all your needs, offering cheap flood insurance in Florida. Situated on the coast, we recognize the increased risk for storms, hurricanes, and floods.

Types of Flood Insurance Coverage

There are four main types of properties that flood insurance can cover:


  • Single-family homes: Offering insurance for the protection of single-family homeowners. 
  • Condominium Unit Owners: You can be susceptible to flood damage even if you live in a condo, so make sure you’re protected. 
  • Rental Insurance:  You’ll need flood insurance to cover the cost of any of your property or belongings that become damaged during floods.
  • Business Property: If you’re a business owner, don’t overlook insurance. Stay protected in case you need it.


Goodlad and Swank are dedicated to being trusted insurance providers offering affordable flood insurance for Florida residents. So give us a call today to get a free flood insurance quote. You’ll be able to talk with one of our specialists and we’ll be able to tell you what your risk is for flooding and the coverage that we can provide you with.


What are typical coverage limits?

Coverage TypeTypical Coverage Limit
Building Property CoverageCovers the structure of your home or building, including the foundation, electrical and plumbing systems, HVAC equipment, appliances, and built-in fixtures. Typically, coverage limits for residential buildings range from $250,000 to $500,000, while limits for commercial buildings may be higher.
Personal Property CoverageCovers personal belongings such as furniture, clothing, electronics, appliances, and other contents within your home or building. Typically, coverage limits for personal property range from $100,000 to $250,000.
Basement CoverageCovers certain items located in basements or areas below the lowest elevated floor, such as furnaces, water heaters, washers and dryers, freezers, and food stored in them. Coverage limits for basement contents are usually limited to $5,000.
Additional Living ExpensesProvides coverage for temporary living expenses if your home becomes uninhabitable due to flood damage. This coverage may include expenses for lodging, meals, and transportation. Coverage limits vary and are typically subject to policy terms and conditions.
DeductibleThe amount you must pay out of pocket before your flood insurance coverage kicks in. Deductibles for flood insurance policies can vary depending on the coverage limits and the type of property insured. Deductibles may range from $1,000 to $10,000 or more.

How are rates determined?

Flood insurance rates are determined by various factors that assess the level of flood risk associated with insuring a particular property. The National Flood Insurance Program (NFIP) in the United States and private insurers use specific criteria and methodologies to evaluate these factors and calculate flood insurance premiums. Here’s a thorough breakdown of the key determinants:

  1. Flood Zone and Risk Assessment:

    • Properties are classified into flood zones based on their level of flood risk as determined by floodplain maps issued by FEMA (Federal Emergency Management Agency).
    • FEMA designates flood zones such as A, AE, V, VE, X, and others, with zones A and V considered high-risk flood areas.
    • Properties located in high-risk flood zones typically face higher flood insurance premiums due to increased flood risk.
  2. Base Flood Elevation (BFE):

    • The Base Flood Elevation represents the height to which floodwaters are expected to rise during a base flood, typically a 100-year flood event.
    • Properties located below the BFE are at higher risk of flooding and may have higher insurance rates compared to properties above the BFE.
  3. Elevation of Property and Structure:

    • The elevation of the property and structure relative to the BFE is a crucial factor in determining flood insurance rates.
    • Properties built at higher elevations or equipped with flood mitigation measures such as elevated foundations or flood vents may qualify for lower insurance premiums.
  4. Flood Insurance Rate Maps (FIRMs):

    • FIRMs issued by FEMA delineate flood zones, floodways, BFEs, and other flood hazard information for specific geographic areas.
    • Insurance rates are often based on the flood zone and other factors outlined in FIRMs.
  5. Property Characteristics and Construction:

    • The type of construction, building materials, and structural features of the property influence flood insurance rates.
    • Properties built with flood-resistant materials and equipped with flood mitigation measures such as flood barriers, sump pumps, and elevated utilities may qualify for lower premiums.
  6. Flood Insurance Coverage Limits:

    • The coverage limits selected by the property owner influence flood insurance premiums.
    • Higher coverage limits result in higher premiums, while lower coverage limits may lead to reduced premiums.
  7. Deductibles and Policy Options:

    • Property owners can choose deductibles and policy options that suit their needs and budget.
    • Higher deductibles typically result in lower premiums, while lower deductibles may lead to higher premiums.
  8. Claims History and Loss Experience:

    • A property’s claims history and loss experience can impact flood insurance rates.
    • Properties with a history of flood damage or frequent claims may face higher premiums as insurers perceive higher risks associated with the property.
  9. Community Floodplain Management:

    • Communities that participate in FEMA’s Community Rating System (CRS) and implement floodplain management measures may qualify for discounted flood insurance rates.
    • Measures such as floodplain mapping, flood control projects, land use regulations, and public outreach efforts can help communities earn CRS credits and reduce flood insurance premiums for residents.
  10. Market Conditions and Underwriting Guidelines:

    • Market conditions, underwriting guidelines, and regulatory factors may influence flood insurance rates.
    • Changes in flood risk assessment methodologies, legislative reforms, and economic factors can impact insurance rates over time.

In summary, flood insurance rates are determined by a combination of factors including flood zone classification, BFE, property elevation, construction characteristics, coverage options, deductibles, claims history, community floodplain management efforts, and market conditions. Insurers carefully evaluate these factors to accurately price flood insurance policies and manage the risks associated with insuring properties in flood-prone areas.

Why choose Goodlad & Swank to cover your losses in a flood?

Secure your peace of mind against the devastating effects of floods with Goodlad and Swank Flood Insurance, your trusted shield against nature’s unpredictability. Picture this: a comprehensive safety net designed to protect your home, belongings, and financial security in the face of rising waters. At Goodlad and Swank, we understand that floods can strike when least expected, leaving behind a trail of destruction. That’s why our flood insurance policies are crafted with your protection and peace of mind in mind.

What sets Goodlad and Swank Flood Insurance apart is our unwavering commitment to providing reliable coverage and support when you need it most. Our policies offer robust protection against flood-related damages to your home’s structure, as well as your personal belongings, ensuring that you can recover and rebuild without shouldering the financial burden alone. Whether you live in a high-risk flood zone or simply want added peace of mind, our customizable options allow you to tailor coverage to fit your specific needs and budget.

Beyond the security of knowing you’re covered, choosing Goodlad and Swank means gaining access to a team of dedicated professionals committed to your welfare. From proactive risk assessments to expert guidance on flood preparedness and mitigation strategies, we’re here to empower you to navigate the challenges of flood insurance with confidence. Don’t wait until it’s too late. Partner with Goodlad and Swank Flood Insurance today and safeguard your home and loved ones against the ravages of floodwaters.

Don't wait until disaster strikes
to protect your most valuable asset

Due to our community’s location on the coast, our neighborhoods are highly prone to flood activity, especially as a result of a major weather event such as a hurricane. Many homeowners are unaware that many homeowner’s insurance policies include flood insurance. Most do not. Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage. Ask our insurance agents about what actions can be taken today to protect your largest investment before the next storm hits.

What we cover:

Single Family Homes

Need protection for your single-family home? Contact us today to hear how we can help.

Condominium Unit Owners

You can have flood issues even in a Condominium, and flood coverage can give you the protection you may need.

Renters Contents

If you’re a renter, your belongings may need protection from flooding.

Business Property

Even your business is at risk from flooding, which may require insurance at some point.

Committed to
Serving Our Customers

Goodlad & Swank Insurance is a family-owned insurance agency founded in 2009. We’ve built a team of knowledgeable professionals that value integrity, caring for our clients, and offering you superior service.

We’ve partnered with one of the largest selections of carriers in all of Florida making it easy for you to have a one-stop-shop for all your insurance needs.

An unforeseen event coupled with inadequate insurance can quickly result in financial trouble. We recognize that addressing insurance may not be your idea of fun, but our goal is to make the process as enjoyable as possible. In the end, you may just find yourself letting us know what the grandkids are up to or how the honeymoon went. Get to know us, you’ll be happy you did. 


Our Services

Homeowners Insurance

You can access the top-rated insurance companies in Florida for primary and second homes, condos, and the property you rent to others.

Auto Insurance

You benefit because we’ve partnered with some of the largest, most-respected auto insurance carriers in the industry to provide coverage for cars, motorcycles, motor homes, and recreational vehicles.

Business Insurance

Your business is growing your business. Our business is working to guard you against the risks you face every day. Find out how to protect your business.

Condo Insurance

We work with premium carriers and brokers to offer a full suite of insurance options for residential condominium associations across Southwest Florida.

Flood Insurance

Get protected. Goodlad & Swank offers coverage through the National Flood Insurance Program as well as private flood insurance carriers.

Life Insurance

Protect your legacy. Whether life insurance is for your family or your business we can help you find the right policy at the best possible price.

Satisfied clients

Have been working with Goodlad & Swank agency for five years. Have always been very helpful!

Daniella W.

This is an amazing company to do business with. I have several properties and slowly I have changed all properties to be with Goodlad & Swank Insurance.

Ody O.

Great services. I have been using them for several years now. Thanks team!

Steve C.

Competitive rates and excellent service. Really nice folks to do business with. Highly recommend!

Mike H.

Fast, courteous, professional service with comparable rates. What else do you need?

Len M.

Had one of the best experience ever at this insurance company. You feel like family and everyone here is friendly.

Moises M.

I had a great experience with this Company! I highly recommend! Mary Beck was very helpful, very professional and very quick to respond to my emails.

Tina C.

Have been working with Goodlad & Swank agency for five years. Have always been very helpful and have given us good options to choose from.

Daniella W.

I had some issues with my previous home owners insurance company. David at Goodlad & Swank went above and beyond to try to help me out.

Chandace S.

Excellent customer service, extremely knowledgeable of all insurance needs. I highly recommend this company!

Robin Y.

Went out of their way to be professional and helpful. Would highly recommend this agency.

Carmen C.

Join our many, happy customers!

Goodlad & Swank

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