Flood Insurance Policy Statistics as of 2/28/2017 

 

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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 153,510 NFIP policies in effect that generate $60,981,192 in annual premiums, resulting in a total insurance coverage of $20,969,715,600.  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 34.6% of the U.S. Policies in Force

Palm Beach County holds 8.4% of Florida policies in-force
Palm Beach County holds 2.8% 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 35.1% of U.S. written premiums in-force
Palm Beach County represents 8.7% of Florida written premiums
Palm Beach County represents 3.1% of U.S. written premiums
Dollars of Insurance In-Force
Florida represents 34.5% of U.S. dollars of insurance in-force
Palm Beach County represents 4.9% of Florida dollars of insurance in-force
Palm Beach County represents 1.7% of U.S. dollars of insurance in-force