Ep. 67 Brad Hubbard: You Can Increase the Value of Your Property With This Flood Insurance Technique

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2015-08-10_16.10.35Florida real estate investors should all be familiar with the flood insurance line-item on their properties’ expenditure lists. Much of Florida real estate is subject to blanket, federal regulations regarding flood insurance requirements and financial institutions require flood insurance as a prerequisite for lending on all residential properties. Many investors may not know that their properties may be eligible for flood insurance exemptions on a case-by-case basis .

Brad Hubbard is an expert in all things related to flood insurance coverage and requirements. As founder of National Flood Experts, Brad has been saving investors thousands of dollars in expenditures by eliminating annual flood insurance costs. Brad discusses what he looks for in a property to determine its status in relation to FEMA’s national flood-zone map. He also discusses what investors and property owners can do to reduce flood insurance costs on properties not eligible for exemption. This is a great method for investors to eliminate a long-standing line-item on a property’s financial portfolio and increase the property’s long-term investment value.

  • Individual properties may be built outside of federal flood-zone parameters
  • Compare construction of building with FEMA flood-guidelines
    • Due Diligence on property
      • Elevation Certification – verifies building’s base flood-line in a 100-year period.
      • Surveys
      • Other info on elevation and structure of building

To contact Brad with questions regarding flood insurance or for an eligibility inspection, call the National Flood Experts at: 1-800-561-0396 or email: brad@nationalfloodexperts.com


EP 31 – More Flood Insurance Changes

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When weighing projected costs for potential and current real estate investments, it is important to consider how to insure your investment as well as costs associated with that. In Florida, flood insurance for your property represents a significant facet to consider. Recently, Florida has undergone major changes in regards to insurance legislation which has had a dramatic effect on flood insurance requirements.

The Biggert-Waters Act, passed in 2012 ushered in major changes to flood insurance requirements and affordability. As a response to a budget deficit, Congress passed this law that took a drastic approach to the standing National Flood Insurance Program (NFIP) parameters, notably, introducing a substantial hike in policy rates to take place within a year. The bill, now amended as the Flood Insurance Affordability Act of 2014, has extended the previous deadline of one year to an incremental increase over four to five years.


Chris Coleman of Coleman Insurance Agency based in Dunedin,FL discusses provides expert insight on changes that are occurring in flood insurance affordability and how you can manage your real estate investments under these new                 conditions.




Chris can be reached at:

1255 Belcher Road

Dunedin, FL 34698

Phone: 727-239-4971

You can also find him on Facebook at https://www.facebook.com/coleman.insurance.agency.cia/timeline?ref=page_internal

  • Flood Insurance Affordability Act of 2014
    • Changes Implemented Apr. 1, 2015
    • Amended Prior Biggert-Waters Act of 2012
    • Flood-zones Remapped
  • Introduces incremental price-hikes on all new/renew policies over 4-5 yrs.
    • 18% cap on residential
    • 25% cap on commercial
  • Changes to Deductible Limits
    • Limit Increased from $5k to $10k
    • Separate deductibles for building and contents (possible deductible up to $20k)
  • Be informed, know how to save
    • Opting for premium deductible may offer rate discount (up to 30%)
    • “Flood-proofing” property may decrease rates up to 70%

EP8 – Flood Insurance Changes Coming….How Will the Changes Affect Florida?


UPDATED JUNE 1, 2015 —–> More Flood Insurance Changes


Storms and potential flood issues are of considerable concern for the Sunshine State. The coastal areas are the ones that people assume are associated with flood insurance, but low lying areas throughout the State are also subject to flooding issues.

FEMA has recently created new flood maps that have been put in to place. These new maps are placing more areas into flood zones and that’s creating the need for more Florida flood insurance.

26082_103991646307528_1113589_nYour homeowner’s insurance policies only cover so much. Investors and homesteaded property owners alike should carefully review their policies and need for coverage on a regular basis.

But, change in FEMA maps are not the only changes that have caused alarm in the pas couple of years.  Changes at the legislative level in 2012, referred to as the the Biggert Waters Act, intended to gradually phase-out subsidized rates flood insurance rates for about 20% of property owners.  As soon as the Biggert-Waters laws were passed, there was a public outcry about the changes.  Florida was hit harder than most  states in terms of insurance rate increases and the law threw ice water on a real estate market that was just starting to emerge from one of the worst downturns in history.  But, seemingly, as soon as the law was passed, it went away…or did it?

On March 13, 2014, Congress amended the 2012 Biggert-Waters law with the “Homeowner Flood Insurance Affordability Act.” The 2014 Amendments strive to resolve many of the unintended consequences due to implementation of Biggert-Waters, but many concerns still exist.  Chris Coleman of the Coleman Insurance Agency in Dunedin, Florida join us to discuss how the laws will affect the market and what investors can expect for the future.   This is a show you will not want to miss as making a mistake on calculating flood insurance for the future could prove to hazardous to your bottomline on your real estate investments.

Chris Coleman can be reached at —->