4414-4 S Del Prado Blvd.
Cape Coral, FL 33904


When it comes to Cape Coral flood insurance, homeowners may not realize they have options. However, you should take the time to compare all options before making any decision. In our area, where flooding is a significant risk, it’s important to consider both National Flood Insurance Program (NFIP) from FEMA and private flood insurance options. To help you, consider the differences in these two options.

NFIP: What You Should Know

Individuals who obtain NFIP flood insurance will need to consider its limitations. This includes:

  • 30-day waiting period after writing coverage to be effective unless you are closing on the home
  • Maximum coverage limits $250,000 building limits and $100,000 contents limits.
  • Actual cash value for the contents of your home, which is the depreciated value.
  • No additional living expenses and loss of rent.
  • There are also limits to detached garage of 10 percent of the building limit, and other structures must have their own policy.
  • HFIAA (Flood Insurance Affordability Act of 2014) surcharge.

Private Flood Insurance Provides:

By comparison, consider the same details about private flood insurance. Here’s a closer look:

  • No or limited waiting period.
  • No limits to coverage you obtain – you can choose the limits if you would like.
  • Replacement cost for building of your home and contents – this means your contains will be replaced with same or like kind items and not subject to a diminished value due to depreciation.
  • Additional living expenses and loss of rental income coverage are available.
  • Coverage for your garage and all other structures, including sheds, guest homes, and pool houses without an additional policy.
  • No HFIAA surcharges.

To be clear, there’s no guarantee of renewal of a private policy, which is available through NFIP. Costs differ between policies as well.

Which one is right for you? This depends on your property and the type of coverage best suited for your budget. Our team at

Gulf Harbor Insurance is happy to help you compare your options.