Cost of flood insurance in alabama. And with flooding an issue in Alabama, .

Cost of flood insurance in alabama However, due to recent flood insurance reform, this amount may not reflect current flood insurance costs. Apr 24, 2024 · The average cost of flood insurance in Florida is $781, while homeowners insurance costs $2,625 a year on average, according to NerdWallet’s rate analysis. However, under the NFIP’s Risk Rating 2. Fortunately, getting an Alabama flood The grant amount issued for this program will cover 100% of the cost of the mitigation up to $10,000. Apr 26, 2023 · Kin flood insurance review: Low-cost coverage. However, don't be surprised to see your home insurance rates go up this year due to an increase in extreme weather in Alabama that's brought with it damaging tornadoes, large hail, severe winds, and flooding. This hurricane season, make the winning choice and get flood insurance. ) for a single-family home in 2023, according to FEMA. But your premiums depend heavily on the value of your house. If you live in a high-risk flood zone in May 22, 2024 · The average cost of home insurance in Alabama is $1,705 per year, or about $142 per month. Use these tips to protect your home from flood damage and unlock flood insurance discounts. Since homeowner insurance typically does not cover flood damage, there is currently over 55,000 flood insurance policies issued in Alabama. Buy a flood insurance policy . Nov 1, 2024 · In Alabama, the current average cost of flood insurance is $774 annually, which is a bit cheaper than the national average of $819. 9800 Fredericksburg Road, San Antonio, Texas 78288. Jan 12, 2024 · Navigating flood insurance in Birmingham, Alabama is crucial for homeowners. The average cost of homeowners insurance in Foley is about $2,017 for a $150,000 house and $3,261 for a $300,000 house. This means insurance companies issue flood insurance that's administered by the Federal Government. e. These exhibits will be updated and revised once all policyholders have renewed their policies under Risk Rating 2. 12 per year. Flood insurance is a guarantee you'll have financial protection for repairs after a flood. floodsmart. Aug 10, 2018 · Flood insurance is available to homeowners, business owners and renters in Alabama communities that participate in the National Flood Insurance Program and enforce their local flood damage prevention ordinances. These include your property's location, the elevation of your home, the age and construction of your home, and the amount of coverage you need. Getting this amount lower or maybe finding cheap flood insurance in Alabama can be highly beneficial in the long run. Alabama — Risk Rating 2. 7 billion Amount of damage done: $1. Mar 18, 2024 · The cost of flood insurance in Alabama can vary widely. Flood Insurance in Alabama. Congressional Summary of H. Factors influencing flood insurance rates include proximity to flood zones, the home's elevation, and the replacement cost value of the property. The regulatory effective Flood Insurance Rate Map (FIRM) panels, Flo It, however, is important to keep in mind that 1/3 of flood insurance claims come from moderate- to low-risk areas and anyone who owns property should carry flood insurance. The Flood Mitigation Assistance (FMA) program is authorized by Section 1366 of the National Flood Insurance Act of 1968, as amended (NFIA), 42 U. While the national average of flood insurance cost varies, you can share with your clients the cost of recovering without a policy. The following are answers to some frequently asked See the Flood Cost Estimator to see how much flood damage could cost you! In April 2014, many homes were flooded along the Gulf Coast of Alabama. The average cost of basic renters insurance in Alabama is $17. Homeowner Flood Insurance Affordability Act Overview (FEMA) ASFPM Analysis of the Homeowners Flood Insurance Affordability Act. [1] $3,080: The average yearly cost of The average cost of homeowners insurance in Montgomery is about $1,215 for a $150,000 house and $1,994 for a $300,000 house. Standard home insurance policies do not cover flood damage. Which is why Alabama Flood Insurance can help you obtain your policy through the government backed National Flood Insurance Program (NFIP). Aug 27, 2024 · Average cost of condo insurance in Alabama. Mar 18, 2024 · Average Cost of Boat Insurance in Alabama. Skip to main content (205) 451-4294 Apr 18, 2023 · The average cost of excess flood insurance is $1,191 per year as of 2021, according to our analysis of publicly available private flood insurance data through the The average cost of homeowners insurance in Daphne is about $1,977 for a $150,000 house and $3,193 for a $300,000 house. “What we found over time is that 90% of the cost of disasters are caused by flooding across the United States,” Hastings said. According to FEMA, the average cost of a flood loss to your property starts at $25,000. That’s $546 higher than the national average of $2,601. However, costs may be higher for residents who need to additional windstorm insurance as well. Flood insurance cost. Alabama renters insurance is more costly than the average policy in the US. 7 billion Facts: The April 27, 2011 tornado outbreak was a series of tornadoes that struck the southeastern United States on April 27, 2011. How much is Flood Insurance in Alabama? The average cost per policy in Alabama through the NFIP is $1,052. Flood insurance policies also reimburse you for the work that you and other family members did to sandbag your homes, move furniture and remove debris. Hurricanes and pop up thunder storms cause millions of dollars in damage to homes in Alabama every year. FLOOD INSURANCE COST The price of a flood insurance policy varies and Jul 14, 2005 · Many homeowners in Alabama are filling insurance claims for property damage from Hurricane Dennis, but what you don't know about storm insurance could cost you a lot of money in the wake of a more Alabama home insurance: what you need to know . Homeowners with a house valued at $150,000 can expect to pay $1,204 per year, while homeowners with a $300,000 house can expect to pay $1,870 per year. ; WHEREAS. Latest News What to Do to Prevent Water Damage in Your Home To obtain a flood permit, the applicant must submit a building permit application and a detailed cost estimate/schedule of values for the work. 0 With the implementation of Risk Rating 2. However, here in Alabama, only about 57,000 of the estimated 1. The average cost of homeowners insurance in Alabama is $3,939 for $300,000 in dwelling coverage with a $1,000 deductible. The average cost of homeowners insurance in Gulf Shores is about $2,493 annually on a $150,000 house and $4,010 on a $300,000 house. In Florida, it’s $958 per year for single family homes. Key Takeaways The median premium for National Flood Insurance Program (NFIP) coverage is $786 per year, though rates are poised to steadily increase until the median premium is well over $1,000 per year. Southern Alabama Insurance has markets that can provide COBRA Zone flood insurance in Gulf Shores, Fort Morgan, Orange Beach, and other parts of Alabama. On average, this savings is approximately $100 to $250 in flood insurance premium costs. The price of a flood insurance policy varies and depends mostly on where a property is located, (flood zone), coverage type and amount of coverage. A significant part of FEMA’s NFIP Transformation is Risk Rating These examples show the cost of flood insurance for single-family homes under Risk Rating 2. Landlord Insurance; Flood When FIRM changes occur, the National Flood Insurance Program (NFIP) provides a lower-cost flood insurance rating option known as “grandfathering,” which is available for property owners who: • Have flood insurance policies in effect when the new flood maps become effective and then maintain continuous coverage; or Compare flood insurance rates in Alabama to find the best policy for your needs. However, your price will vary based on your location, type of home, and other factors. Some of our Commercial insurance coverages include Auto Dealers, Church Insurance, Contractors, Restaurant, and Non-Profit. Flood insurance can generally be purchased through any property and casualty insurance agent in the Cullman Alabama area. Sep 5, 2023 · How much does flood insurance cost in my state? We saw the average annual cost of flood insurance range from $443 a year in Maryland to $1,315 per year in Vermont, with a nationwide average of $851 per year. Foley, Alabama, Flood Zone Concerns. For example, here’s how much you could expect to pay for hurricane insurance in a high-risk coastal area in Texas. The figures in the table below are for flood insurance policies through the NFIP. §§ 4001 . These are generally because most of the structures h Jul 29, 2024 · The average homeowners insurance cost in Alabama is $3,147. Contact: Jennifer Bowen (334) 269-3550 4/30/2024 Flooding is the most frequent and expensive natural disaster in the U. Though most private carriers may not require an EC to issue a policy, not every home will qualify for private coverage. AlabamaFlood provides regulatory FEMA floodplain data in a user-friendly platform searchable by address or county. The official website of the Alabama Department of Insurance. Some insurance companies also offer flood insurance. 0. Most homeowners insurance doesn't cover flood damage. Flood insurance covers both homes and businesses. Flood insurance costs by state May 30, 2024 · Average cost of flood insurance by state. On average, buying an Alabama home insurance policy will cost you around $1,717 annually. The average cost of condo insurance in Alabama is $655 a year or $55 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. You can also add excess coverage through a private insurer if you think your home costs more than $250,000 to rebuild. California License #0D78305, Texas License #7096. 3370 – Homeowner Flood Insurance Affordability Act of 2014. Depending on which flood zone your home is in, flood insurance rates can range anywhere from $190 to $2,000. Nov 21, 2024 · Average home insurance cost in Alabama by coverage level. On average, the annual cost of flood insurance through the NFIP can be a benchmark for homeowners, but it's important to get flood insurance On average, this savings is approximately $100 to $200. While flood insurance is not required by state law in Alabama, it may be mandated by your mortgage lender if you live in a high-risk flood zone. Kin flood insurance can be purchased as a coverage endorsement on home insurance policies in five states throughout the South: Alabama, Florida, Louisiana, Mississippi, and South Carolina. SSIA offers primary and excess flood coverage in areas where the National Flood Insurance Program (NFIP) is available. See the Flood Cost Estimator to see how much flood damage could cost you! In April 2014, many homes were flooded along the Gulf Coast of Alabama. Jan 18, 2025 · The average cost of a renters insurance policy in the U. Nearly ninety percent of the people who contact us with an existing AIUA ( Alabama Insurance Underwriting Association ) policy end up obtaining more comprehensive coverage The average annual cost of flood insurance in the US is $995 when purchased from the National Flood Insurance Program (NFIP). The average cost of landlord insurance in Alabama is $1,761 per year. Public Law 113-89 – H. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount Flood insurance purchased through the National Flood Insurance Program (NFIP) is relatively inexpensive (the average premium for $100,000 coverage is a little over $300 per year at this writing). Main Flood insurance costs the same wherever you purchase it, because the rates are set by the National Flood Insurance Program. MOBILE, Alabama -- Alabama Attorney General Luther Strange recently filed an amicus brief in support of a Mississippi lawsuit to halt flood insurance rate hikes. How much does it cost to get flood insurance? Flood insurance protects your home. com is an interactive floodplain mapping application brought to you by the Office of Water Resources. Benefits of getting a flood insurance policy include: Backed by the Federal . C. This can be an estimate from a contractor or an insurance adjuster. 9★ Average Ratings 445+ Reviews 5,497+ Happy Clients We Get It, Buying Flood Insurance in Alabama Is Confusing… You In 2014 on average, the cost of a flood insurance policy for $100,000 in premium coverage on a house located in a high-risk flood zone in Birmingham, Alabama was about $800 per year. According to FEMA, the average flood insurance cost for a policy from the National Flood Insurance Program (NFIP) is approximately $700 annually. FLOOD INSURANCE PREMIUM COMPARISONS Pre- or Post-FIRM1 (Feet) Dwelling Type & # of Floors (per year) Amount of Coverage Build/Content (in thousands) Deductible Build/Content Flood Zone Elevation Difference of Lowest Floor and BFE Cost of Flood Insurance2 Pre- Primary Single Family/ One Floor/ No Basement $200/$80 $2,000/$2,000 A1-30, AE, AO, AH, A Apr 15, 2024 · Average Cost of Landlord Insurance in Alabama. Names of bodies of water that may affect Mobile: If so, it is time to contact SSIA as we have access to multiple carriers specializing in providing replacement cost wind and hail insurance coverage at competitive prices. In 2004, Hurricane Ivan cost over $355 million in flood damage. through the National Flood Insurance Program, see . Stay informed and safeguard your home. And with flooding an issue in Alabama, Jan 29, 2025 · How much does flood insurance cost by flood zone? If you live in a high-risk flood zone, you may pay a higher flood insurance rate than someone in a lower-risk flood Sep 12, 2023 · The cost of flood insurance in Huntsville, Alabama, can vary based on several factors. the state government itself owns as many as 470 of these federally insured flood-zone properties in the State Apr 30, 2024 · The official website of the Alabama Department of Insurance. When purchasing flood insurance, please do not forget to ask the agent about your 25% CRS Discount. The 26-page document, signed The average cost of homeowners insurance in Auburn, Alabama is $1,537 per year. 5 Alabama Department of Insurance (334)269-3550 (800)433-3966 insdept@insurance. Find an Insurance Provider Event: April 27, 2011 tornado outbreak Total claims paid: $1. Sep 25, 2024 · Continue reading to see how much flood insurance costs in each state and what steps you may be able to take to lower your flood insurance premium. Just give us a quick call today at 334-897-3431 or Submit one of our quick online quote forms Regardless of the flood zone, your property is susceptible to flooding and we can provide coverage for you. Depending on where you live, this average could vary substantially! Premiums can change depending on your deductibles, the cost of your home and contents inside your home. Your producer or company can help you with application forms for flood coverage. These rates are subsidized by the federal government and are usually very affordable. In 2008, the Alabama legislature codified AIUA along with its articles of agreement, plan of operation, and rules and procedures. Sep 13, 2023 · Where to buy flood insurance in Cullman Alabama. For that, you'll need a separate flood insurance policy. A flood insurance policyholder there was paying an average of $927 per year in September 2022. Box 94128 Birmingham, AL 35220-4128 Phone: 205-853-8303 Contact Us Sep 18, 2024 · Discover the facts about Flood Insurance Rates in Georgia AE Zone and find out how much you may need to pay for flood insurance in Georgia. Flood zone AE also referred to as the 100 year flood zone has the highest premiums other than coastal areas. gov and, on the left hand side of page under Resources, select the Agent Locator to find a flood insurance agent within your area. O. The Alabama Insurance Underwriting Association (AIUA) was voluntarily formed in the early 1970's by insurance industry leaders in co-operation with the Alabama Department of Insurance. The applicant is responsible for paying all costs for their mitigation project that exceed $10,000. Therefore, it is best to have a copy of your EC when you contact Alabama Flood Insurance (or any insurance agent) to purchase flood insurance in a high-risk flood zone area. alabama. 42 U. The PRP is an easy-to-write policy for properties located in low-to-moderate flood risk zones, where Jan 22, 2025 · Cost of homeowners insurance in Alabama. ) When deciding whether to purchase Federal flood insurance, be aware of these important facts: Now that you know more about the risk of floods in Alabama, let Alabama Flood Insurance help you get the coverage you need to be protected! 205-418-8201. Understand the basics, coverage options, and costs to protect your property from flooding. The Federal Emergency Management Agency (FEMA) determines flood zones, and properties in Special Flood Hazard Areas (SFHAs) typically require flood insurance as a condition of a mortgage. dents 25% savings in flood insurance premium costs. These areas face unique flood risks due to their geographical features and climate patterns. Alabama, homeowners insurance Oct 17, 2024 · Flood insurance costs an average of $96 a month from the National Flood Insurance Program (NFIP), according to our analysis of flood insurance rates. National Flood Insurance Program in Alabama . You may qualify for the Preferred Risk Policy (a lower-cost flood insurance policy) that provides contents coverage beginning at $39 per year and building plus contents coverage beginning at $119 a year. 4 days ago · We found that the average cost of homeowners insurance in Alabama is $162 a month or $1,940 per year for $300,000 in dwelling coverage. The average cost of flood insurance in Alabama is $927 annually. is $17 per month or $206 per year. But, the National Flood Insurance Program NFIP) The Flood Insurance Study (also known as Flood Elevation Study) means an examination, evaluation, and determination of flood hazards and, if appropriate, corresponding water surface elevations, or an examination, evaluation and determination of mudslide (i. This product is 100% underwritten by Certain Underwriters at Lloyd’s. Flood insurance coverage from private companies may vary, but if you About 25 percent of all flood insurance claims come from areas with low-to-moderate flood risk. Carrying flood insurance will guarantee your protection for a very low cost. This is much higher than the national average of $2,377 per year for the same coverage and deductible amounts. A standard home insurance policy doesn’t cover flood damage. Give one of our agents a call to save money on your Business Insurance. Are you preparing to own a home in Yellowhammer State? If you reside in Alabama, you risk having your house damaged by tornadoes and hurricanes. The more likely you are to file a flood claim, the higher your premium will be. Policies from the NFIP are also known as FEMA Jan 1, 2025 · Learn the key factors that influence the cost of flood insurance, average premiums by state and tips to potentially save money on your policy. et seq. 0, Alabama’s average flood insurance cost will increase to $2,051 per year — a 121% average increase statewide. this Program insures millions of properties annually, including, at last count, a monthly average of some 40,000 properties in Alabama; WHEREAS. Homeowners insurance in Mobile, Alabama, costs about $1,615 on a $150,000 house and $2,647 on a $300,000 home. You will also get the same great service you expect. The average cost of homeowners insurance in Alabama is $3,131 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible. The new law slows some flood insurance rate increases and offers relief to some policyholders who experienced steep flood insurance premium increases in 2013 and early 2014. For that damage, you can get private flood insurance or flood insurance offered by the National Flood Insurance Program (NFIP), a federal program created by Congress to help protect homeowners from the AlabamaFlood. Flood insurance rates and other charges will be revised for new or existing policies beginning on April 1, 2015. Jul 7, 2023 · There are several ways to get flood insurance. The most expensive county is Clay County, at roughly $3,576 annually, while the cheapest is Perry County, at around $319 annually. Oct 23, 2024 · Why your Gardendale home needs flood insurance. , mudflow) and/or flood-related erosion h Don't show Help page again. R. S. Unlike other insurance policies (like homeowners or car insurance), flood insurance offered through the NFIP will cost the same no matter where you get it. Close. 3370. You can get flood insurance through the government's NFIP or through private insurance. However, it is recommended that you speak to an independent insurance agency that offers the National Flood Insurance Program and at least 3 different private flood insurance Without insurance, the cost of flood damage can add up, and recovery can be slow and frustrating. The best way to protect your property is to get a flood insurance policy. In some areas, flood insurance If the property is located in areas designated under the Coastal Barrier Resources Act a flood insurance policy issued by the National Flood Insurance Program (or a federally sponsored Write Your Own (WYO) program) in an amount at least equal to the AIUA policy limits or the maximum provided by the National Flood Insurance Program is required. Learn how factors like location, property type, and policy options impact premiums, and discover tips to save on coverage. Homeowners insurance in Daphne, Alabama Briggs Insurance Agency 5245 Old Springville Road Pinson, AL 35126 Get Map Mailing Address: P. Your primary home policy will not cover flood damage. Jan 3, 2025 · Alabama Homeowners Insurance Cost Factors. 26 per month or $207. Live Chat. With residential coverage you can get up to $250,000 of insurance to protect your home and up to $100,000 to protect its contents. Apr 23, 2024 · Take Alabama, for example. Learn what's covered and how to get insured. Keep in mind, however, that many different factors can influence the cost of landlord insurance, including: How many rental units you own: The more rental properties you own, the more expensive you can typically expect your rates USAA Insurance Agency means USAA Insurance Agency, Incorporated or USAA of Texas Insurance Agency (collectively the “Agency”). But the true cost of flood insurance for the average property would be Instant Alabama Flood Insurance at Great Rates. Since January 1, 2011, the Federal Emergency Management Agency’s (FEMA’s) National Flood Insurance Program (NFIP) has offered a flood insurance rating option, the Preferred Risk Policy (PRP) Eligibility Extension, for property owners whose buildings are newly mapped into a high-risk flood area. 21. Jan 9, 2025 · The average cost of flood insurance in Alabama is $732 per year, but the cost varies by county depending on the frequency of flooding events. Sep 14, 2023 · Discover the importance of flood insurance for apartment buildings in Huntsville, Alabama, the key factors to consider, and available options for coverage. The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct. About 25 percent of all flood insurance claims come from areas with low-to-moderate flood risk. Fail to load The average cost of homeowners insurance in Decatur, Alabama is $1,351 for a $150,000 house and $2,134 for a $300,000 house. 30, 2022. 8 million households have flood insurance. Depending on your state, average annual flood insurance costs can range anywhere from $400 to $1,600, with states on the East Coast currently paying the most. By purchasing your flood insurance through the GEICO Insurance Agency, it will be part of your GEICO Portfolio. You can also Dec 2, 2024 · The median premium for flood insurance from the National Flood Insurance Program (NFIP) is $786 per year. Average annual flood insurance premium; Alabama Sep 19, 2024 · Flood insurance costs in Zone AE can vary significantly across different regions, including North Carolina, South Carolina, and Vermont. The average cost of boat insurance in Alabama is about $527 per year. 0, FEMA delivers rates that more accurately reflect flood risk and ensure the National Flood Insurance Program will be here for this generation and generations to come. Depending on where your home is located, you may qualify for flood insurance through the National Flood Insurance Program. Or Speak to a Flood Nerd 1-866-990-7482 $2. Depending on where you live, you may Jul 19, 2020 · Cracking the Code of Flood Zone AE in Alabama: Unraveling Flood Insurance Costs and Coverage . Flood insurance is the best way to protect your home and belongings from flood damage. from the Alabama Department of Let us help you cut your insurance cost in Alabama Just give us a quick call today at 205-631-9979 or Submit one of our quick online quote forms – with the help of our dedicated business partners; we conveniently offer an entire solution for all your insurance and business needs. Flood Insurance Premium Refunds Who Gets Them Who Does Not (FEMA) The grant amount issued for this program will cover 100% of the cost of the mitigation up to $10,000. Here's the average cost of flood insurance in each state (plus Washington, D. Weather patterns in Alabama are likely a factor in its high insurance costs. 3M+ Annual Premium Savings 4. Keep in mind, though, that the cost of boat insurance can be influenced by all of the following: The type of boat, including its engine size, make, model, and length; Where the boat is stored while not in use May 17, 2023 · The average cost of home insurance is $1,900 and the average cost of flood insurance is $938. Those living in Birmingham are eligible for a 25 percent discount on flood insurance. If you are having difficulty finding an insurance agent who sells flood insurance, please visit www. Before you purchase flood insurance to protect your home, you’ll need to find an agent who services the Birmingham area. 1 billion in flood insurance losses in Alabama. 4104c, with the goal of mitigating flood damaged properties to reduce or eliminate claims under the National Flood Insurance Program (NFIP). Dec 2, 2024 · We offer Flood Insurance across the Gulf Coast in the cities Foley, Orange Beach, Gulf Shores, Fairhope, Daphne, Silverhill, Spanish Fort and Mobile, Alabama. What Determines Your Renters Insurance Premium? LOWER COST FLOOD INSURANCE NOW AN OPTION The National Flood Insurance Program (NFIP) offers Preferred Risk Policy (PRP) policies not only for residential properties but non-residential properties (commercial) and renters’ markets as well. It is not covered by homeowners insurance. Understanding the Different Types of Flood Insurance Policies in Alabama Learn About Flood Insurance in Alabama. The following are answers to some frequently asked Feb 2, 2021 · We look at how FEMA defines a flood in Alabama? Skip to main content (205) 451-4294 Services Flood Insurance Flood Zone AE; Learning Center Sep 23, 2021 · In 2021, the NFIP has already paid out more than $1. Even just a few inches of floodwater can cause thousands of dollars of damage to your client's home, and having peace of mind gained by protecting one's home against flooding is worth the investment. However, your flood insurance cost, like the cost of many insurance policies, is influenced primarily by how much risk you have. Dec 15, 2023 · This is especially true now that the average cost of flood insurance nationally is at least $1,000. However, the price of a flood insurance policy can vary depending on the following factors: How much does flood insurance cost? Many factors determine the premiums. Get My Instant Saving Now Save big with our reliable Alabama flood insurance plans—fast quotes, faster coverage. Let us help you cut your insurance cost in Alabama. If your home or business is in a low or moderate risk zone, your building may qualify for a low-cost preferred risk policy. When purchasing flood insurance, please do not forget to ask the agent about your 25% CRS Community Discount. This is becoming more and more evident with floods occurring in low-risk areas. Preferred Risk Flood Insurance Policies. They’re also used to recommend flood insurance. gov discussion of the Federal flood insurance program is contained in an additional section of this brochure. Aug 13, 2018 · Flood insurance is available to homeowners, business owners and renters in Alabama communities that participate in the National Flood Insurance Program and enforce their local flood damage prevention ordinances. Cost is based on the amount of insurance purchased, the characteristics of the structure, and the flood zone depicted on the Flood Insurance Rate Map (FIRM). 0, using data from single-family policies renewed before Sept. While you aren’t required to purchase flood insurance in low-to-moderate risk areas, a preferred risk policy will protect your home and its contents if you are affected by a small Those living in Birmingham are eligible for a 25 percent discount on flood insurance. The Building Department will not accept a total amount unless supporting documentation is provided. Please contact your insurance agent for information about how to purchase flood insurance. But when you protect yourself, you can overcome loss and win financial protection, faster recovery and peace of mind. Insurance carriers willing to offer flood coverage in COBRA zones are extremely limited. The hurricane insurance in your Alabama homeowners insurance probably excludes damage caused by storm surge and other hurricane-related floods. , according to the Federal Emergency Management Agency (FEMA). The average cost of renters insurance in Alabama is about $278 per year or $23 per month, with plans ranging from $16 to $43 per month. Regardless of whether you live in Gulf Shores or any other part of Alabama, flood insurance has to be purchased as a separate, stand-alone policy. Skip to main content (205) 451-4294 Homeowners insurance in Dothan, Alabama, costs about $1,344 on a $150,000 house and $2,144 on a $300,000 home.