Does the NFIP apply a deductible to losses?
A minimum deductible is applied separately to a building and its contents, although both may be damaged in the same flood. Higher deductibles are available. Contact your insurance agent for more information on specific amounts of available deductibles. Higher deductibles are available, please note that choosing a higher deductible will reduce your premium, but must be approved by your mortgage lender. For more information about deductibles, contact your insurance agent or company. Flood Insurance Coverages The following coverage limits are available under the Dwelling Form and the General Property Form of the Standard Flood Insurance Policy. Coverage limits under the Residential Condominium Building Association Policy are listed in the NFIP Flood Insurance Manual.
