Homestead, FL Short-Term Rentals: Insurance Requirements (2026)

WHAT is flood insurance? Flood insurance covers losses directly caused by flooding. Flood insurance is specific to flooding since most homeowners insurance does not cover flood damage. What is a flood? In simple terms, a flood is an excess of water on land that is normally dry, affecting two or more acres of land or two or more properties. [...] What is covered? In the event of a flood, your NFIP policy covers direct physical losses to your structure and belongings. The NFIP offers two types of coverage; building coverage and contents coverage. There are many circumstances that factor into what is covered, such as where you live, the kind of house you live in, the age of your home, and how it's built and arranged. [...] WHY get flood insurance? Where it rains, it can flood. No home is completely safe from a flood event. Unfortunately, many property owners do not find out until it's too late that their homeowners insurance policies do not cover flooding. Homeowners insurance doesn't cover floods. Most homeowners insurance does not cover flood damage. Only flood insurance covers the cost of rebuilding after a flood. [...] It might be required. Many property owners, particularly those in high-risk flood areas, may be required to have flood insurance.