Flood Insurance Policy Statistics as of June 2018 

 

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As a flat, low lying, coastal county with a tropical climate, Palm Beach County plays a major role in the flood insurance industry.  According to CIS, as of February 28, 2017, Palm Beach County has a total of 146,820 policies in effect that generate $56,665,244 in annual premiums, resulting in a total insurance coverage of $38,735,446,600.  Palm Beach County is among the top counties in the nation in terms of flood insurance policies in effect.  Following are some key statistics which reinforce this point.
Policies In-Force
Florida holds 34.8% of the U.S. Policies in Force

Palm Beach County holds 8.3% of Florida policies in-force
Palm Beach County holds 2.9% of U.S. policies in-force

 

Click on this link to read an article from CBS news about the value of having flood insurance        http://www.cbsnews.com/news/more-homeowners-should-buy-flood-insurance/       
 
Written Premiums In-Force
Florida represents 27.1% of U.S. written premiums in-force
Palm Beach County represents 5.9% of Florida written premiums
Palm Beach County represents 1.6% of U.S. written premiums
Dollars of Insurance In-Force
Florida represents 33.9% of U.S. dollars of insurance in-force
Palm Beach County represents 8.9% of Florida dollars of insurance in-force
Palm Beach County represents 3.0% of U.S. dollars of insurance in-force