Arizona Flood Insurance Information - Tucson, AZ Area
Even though flood insurance is relatively inexpensive, most Arizona
homeowners do not choose to purchase the insurance protection available.
According to the Federal Insurance Administration, less than one-quarter of
the homes in areas most vulnerable are insured against flood loss. In those
areas, flooding is 24 times more likely to occur than a fire during the
course of a typical 30 year mortgage.
A standard Arizona homeowners insurance policy will not cover damages
caused by flooding. You must have flood insurance from an insurer that
writes for the National Flood Insurance Program. If your community
participates in a floodplain management program, you should be eligible to
buy the coverage no matter if your flood risk is low, medium or high.
Residents of "coastal barrier areas" and communities that do not participate
in floodplain management programs may have trouble finding flood insurance
coverage. Arizona flood insurance is also available to renters,
condominium owners, and co-op owners.
Flood Perils Include:
A general and temporary condition of partial or complete inundation of
two or more acres of normally dry land area or of two or more
properties at least one of which is yours from:
Collapse or subsidence of land along the shore of a lake or similar body
of water as a result of erosion or undermining caused by waves or
currents of water exceeding anticipated cyclical levels that result in flood
as defined above
Unusual & rapid accumulation of runoff or surface waters from any
source that result in a flood as defined above
Overflow of inland or tidal waters that result in a flood as defined above
Mudflow defined as a river of liquid and flowing mud on the surfaces of
normally dry land areas, as when earth is carried by a current of water
that result in a flood as defined above
Outside of fire, flooding is the most widespread natural disaster. According
to the National Flood Insurance Program, two adjacent properties have to
be under water to call the situation a flood. In a rural area, at least 2 acres
must be submerged.
The two primary types of Arizona Flood Insurance Policies are listed below.
Actual Cash Value Policy
The value of property as figured by determining the cost to replace the damaged or
destroyed property and adjusting the replacement value by subtracting an amount
that reflects depreciation. Or in other words, replacement cost minus
depreciation. Homeowners are entitled to a replacement cost value if they live in
their homes at least 80% of the time and have flood insurance coverage for at least
80% of their home's market value.
Commercial and apartment buildings will be covered only for actual cash value.
Replacement Value Policy
The amount it costs to replace or rebuild a damaged property. Replacement cost
coverage is available only for the building portion of a condominium insurance
policy. Owners of single-family homes may be able to buy replacement cost
coverage on the building portions of their flood insurance policies. An Arizona flood
insurance replacement value policy will pay only the replacement value up to the
coverage limit providing the following conditions are met:
1. the insured building is a single-family dwelling
2. the insured dwelling is your primary residence, meaning you live there at
least 80% of the year
3. the insured dwelling coverage is at least 80% of the current full
replacement cost of the dwelling, or the dwelling limit is the maximum
allowed for the dwelling under the current NFIP guidelines
For example, if rebuilding your home will cost $250,000, but you only purchased
$200,000 in coverage, your insurance policy will pay you only $200,000.
Arizona has special flood insurance concerns. Be prepared! Click on the link
below to fill out a secure quote request form for an Arizona Flood Insurance policy
that will provide excellent insurance coverage for your home at an affordable cost.
Or you can speak with our Arizona Flood Insurance specialist at (520) 323-6887
to discuss the flood insurance policy features in more detail.
We are a Tucson, AZ insurance agency offering cheaper Arizona flood insurance
policy premiums to residents located in the following cities and counties throughout
the Grand Canyon state of Arizona: Oro Valley, South Tucson, Cortaro, Vail,
Sahuarita, Benson, Sonoita, Elgin, Green Valley, Sierra Vista, Continental, San
Xavier, Madera Canyon, Patagonia, Nogales, Tubac, Amado, Carmen, Pan Tak,
Rillito, Redington, Marana, Red Rock, Picacho, Oracle, San Manuel, Mt. Lemmon,
Catalina, Mammoth, Eloy, Casa Grande, Arizona City, Coolidge, Florence, Gilbert,
Peoria, Glendale, Sun City, Maricopa, Sun Lakes, Chandler, Mesa, Scottsdale, Sun
City West, Tempe, Phoenix, Apache Junction, Surprise, Cochise County, Santa
Cruz County, Graham County, Pinal County, Maricopa County, and Pima County,
AZ. We can also provide low Arizona flood insurance premium rates in the cities of
Flagstaff, Prescott Valley, Yuma, Lake Havasu City, Sedona, Bullhead City, and
Prescott, AZ.

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your insurance
needs should be discussed with a licensed insurance agent.
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Arizona Flood Insurance Information
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Arizona Insurance Clinic
4925 5th Street
Suite 101
Tucson, Arizona 85711
Pima County AZ
(520) 323-6887
Fax: (520) 323-9665
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