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Standard homeowner’s insurance policies do not cover losses due to floods. However, Davie is a participant in the National Flood Insurance Program (NFIP), which makes it possible for Davie property owners to obtain federally backed flood insurance. This insurance is available to owners of insurable property (a building or its contents) in Davie. Tenants may also insure their personal property against flood loss.
The average annual premium for this insurance is $250.00. The actual cost will vary depending upon amount of coverage and degree of flood hazard. We urge people who live or own property in flood hazard areas to purchase flood insurance to protect themselves from losses due to flooding. There is a 30-day waiting period before NFIP coverage takes effect. In addition, flood insurance is required in certain instances, such as the purchase of a home with a federally backed mortgage.
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