Flood Insurance

Miami Beach Saves You Money on Flood Insurance

The City saves residents and businesses $8.4 million a year on flood insurance premiums through participating in the Community Rating System (CRS) of the National Flood Insurance Program (NFIP). CRS provides incentive for a community that goes beyond the NFIP’s minimum requirements to reduce flood risk. The CRS is a voluntary incentive program that rewards community actions that reduce flood risk through discounted flood insurance rates. Currently, we have a Class 5 rating in CRS. It is the second municipality in Dade County to achieve this great rating. As a result, property owners in the city are entitled up to a 25% discount in the premium cost of Flood Insurance for NFIP policies issued or renewed in Special Flood Hazard Areas on or after May 1, 2019.  View here FEMA’s letter of Class 5 certification for the City of Miami Beach, check the Flood Zone Maps using Miami-Dade County’s interactive web tool, and read this Fact Sheet for more information on Flood Insurance.

Protect your Property with Flood Insurance

93% of buildings in Miami Beach are located in a Special Flood Hazard Areas (SFHA) as mapped by Federal Emergency Management Agency (FEMA). Because of this, flood insurance is required for federally back mortgages, and recommended for all properties. FEMA’s detailed digital flood hazard maps reflect current flood risks for Miami Beach. The maps, also referred to as Flood Insurance Rate Maps (FIRMs), illustrate flood hazards throughout the Miami-Dade County and are used when determining flood insurance policy rates.  View the Flood Zone Maps using Miami-Dade County’s interactive web tool. Once you navigate to this web tool, enter your address to view the map for your area. For confirmation of your property’s official flood zone designation, call 305.673.7610, or call your insurance agent.  Homeowner’s insurance policies do not cover damages and losses due to flooding. The City of Miami Beach participates in the National Flood Insurance Program (NFIP) that makes flood insurance available to everyone in the City. We strongly urge you to buy flood insurance to protect yourself from a devastating loss.  Information about flood insurance policies should be available to you through your insurance agent. Call your insurance agent now so that you will be prepared for future events. Do not wait for a disaster. Keep in mind there is a standard 30-day waiting period, from the date of purchase, before a new flood policy goes into effect.

The Adaptation Calculator

The Adaptation Calculator is an online tool to help you visualize the relationship between your property and your street by telling you if, and how many inches, the road will be elevated to reduce flood risk, keeping in mind there will be a gradual slope harmonizing an elevation with your private property.  This is useful to help you understand right-of-way construction while considering your own personal property needs.  http://gis.miamibeachfl.gov/calculator.  Please note that accurate user data entry is important to produce a correct report.  Please contact the City’s GIS Team 305.673.7000 with any questions.

The Cost of Flood Insurance

The National Flood Insurance Program distributes letters to policy holders regarding property flood risk and how flood risk will impact what they pay for flood insurance.  For some, having an Elevation Certificate may lead to lower flood insurance costs immediately or in the future.  The following link provides letters that NFIP policyholders will be receiving each year, starting January 2017: https://www.fema.gov/cost-flood-policyholders

Sunset Harbour 1

Sunset Harbour during a sunny day tidal flooding event in 2013.  Note this is before the stormwater infrastructure upgrades.

Sunset Harbour 2

Sunset Harbour after the stormwater infrastructure upgrades.