Top 10 States For Flood Insurance Claims

By
Real Estate Agent with Coldwell Banker - Pinecrest (Miami) Broker 3058544

I am frequently asked, "is this property in a flood zone?".  To my surprise, Florida is not one of the top 10 states to file a flood insurance claim!

National Flood Insurance Program Statistics:

  • Floods are the #1 most common natural disaster in the United States.
  • Over the past 10 years (2001-2010) the average flood insurance claim paid in the US was nearly $48,000 per year.
  • Over the past 10 years (2001-2010), flood insurance claims averaged just over $2.6 billion.
  • The average flood insurance policy is about $600 per year.
  • People outside of high-risk areas file over 20% of NFIP claims and receive one-third of disaster assistance for flooding.
  • The NFIP paid $709 million in flood insurance claims to homeowners, business owners, and renters in 2010.

    State:           Total Number of 2010 Claims

New Jersey                     4,690

Tennessee                     4,209

New York                        2,210

Massachusetts                1,936

Texas                            1,894

Illinois                           1,747

Rhode Island                  1,445

Kentucky                        1,120

North Carolina                 1,104

Pennsylvania                   1,094

 

Posted by

Marie StoryMarie StoryMarie Story QR Code

Broker Associate, ABR,CIPS,GRI,TRC        

Celebrating My 23rd Year in Real Estate

Coldwell Banker 

12651 Pinecrest Parkway (US1)

Pinecrest (Miami), FL 33156

305-776-0010

Pinecrest Florida   ~ My Website   ~   Pinecrest Homes For Sale

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Miami-Dade County Pinecrest
Groups:
All Things Florida
Florida Snowbird Central
Miami, FL Real Estate
Local Expert
Tags:
pinecrest real estate
pinecrest homes for sale

Spam prevention
Show All Comments
Rainmaker
568,124
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Marie,

Knowing all the claims we have in Texas I’m surprised to the 4 states above Texas. Interesting that Florida is not on the list.

Nov 29, 2011 08:24 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
487,935

Marie Story

Broker Associate, Pinecrest (Miami) Specialist
Question? How May I Help YOU?
*
*
*
*

Additional Information