Flood Insurance Information

Flood Insurance Information

For many people, their home and its contents represent their greatest investment.  Property losses due to flooding are not covered under most standard homeowners’ insurance policies.  You can protect your home and its contents with flood insurance through the National Flood Insurance Program (NFIP).

The NFIP is a federal program established by Congress in 1968 which enables property owners to buy flood insurance at reasonable rates in participating communities.  In return, participating communities carry out flood management measures designed to protect life and property from future flooding.

The NFIP is administered by the Federal Emergency Management Agency through its Federal Insurance Administration.  The City of Panama City has participated in the NFIP since 1992. For information on this program go to NFIP Link

To find out more about flood insurance for your property and its contents, contact your insurance agent.  There is usually a 30-day waiting period before a flood insurance policy takes effect, so don’t wait until a storm threatens before you secure the flood insurance you need.

The following chart lists the amount of maximum coverage available to property owners within Panama City:

                                               BUILDING COVERAGE

                   Single Family Dwelling                             $250,000.00

                   Other Residential                                     $250,000.00

                   Non-Residential                                       $500,000.00

                   Small Business                                         $500,000.00


                                              CONTENTS COVERAGE


                   Residential                                                $100,000.00

                   Non-Residential                                        $500,000.00

                   Small Business                                          $500,000.00