Flood insurance? Third floor condo that's 30 ft above deep-sea horizontal located 500 ft from Florida Coast.?
My condo is on the third floor and the elevation survey says it's 30 ft above marine level. The first floor is 10 ft above deep-sea level. The association insures the condo for structure but not the contents.
According to what I've read, NFIP covers destruction only due to flooding coming from below.
Should I bring back flood insurance?
Check into Renter's Insurance. That will cover your belongings. The condominium association is not required to insure the contents of your unit. That probable includes your appliances and the paint on your walls, by the way. At 30 foot, you should not have flood reduce to rubble except in the most severe storms. If you do purchase flood insurance, cause sure it covers "wind-blown water" - that is a hurricane's storm surge.
Your condominium's statement and/or bylaws may require you to get contents insurance. Even if it doesn't, you should obtain general contents insurance anyway, even if you do not chew over you will ever have to verbs about a storm surge. That insures your possessions contained by case of fire, a pipe bursting contained by your upstairs neighbor's unit and flooding your component, etc. You will probably only know how to get insurance from Citizens, the state-run insurer.
I would still attain flood insurance, maybe at hand is another company that insures contents. Also look at it this way if a flood happen and floods your condo, then you will be gone with zilch at all. Just draw from a renters policy, call state cattle farm or farmers. Flood Insurance on the building is covered by the assocition.
Answers: You would need to purchase a condo owners policy. This will cover your personal belongings and the interior of the structure. The associations policy usually individual covers the exterior of the structure.
You are correct. A standard homeowners policy or condo owners policy does not pay for flood.
You own to purchase a flood policy (through NFIP) to have flood coverage.
I'm not going to put in the picture you to get the policy or not. Only you can resolve what risk you think is suitable.
However, go and speak to your insurance agent. Learn as much as you can and afterwards make a edict that you think is best for you.
We can't let somebody know you what to do. We can't say how much risk you should incur.