The cost of flood insurance varies by location and is determined by multiple factors such as flood zone
(are you in a low-, moderate-, or high-risk area) of the home or building, coverage type desired(building and contents),
and the amount of coverage requested.
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. However, due to recent
flood insurance reform, this amount may not reflect current flood insurance costs.
In low- to moderate-risk flood zones, where the risk of flooding is still moderately high,
lower flood insurance rate options are available.