Kin flood insurance can be purchased as a coverage endorsement on home insurance policies in five states throughout the South: Alabama, Florida, Louisiana, Mississippi, and South Carolina.
By
Jennifer GimbelJennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Edited by
Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
4.4
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
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Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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The bottom line
Kin flood insurance is a stellar option for homeowners in the South who already have Kin home insurance. Offered as a coverage add-on to your standard home insurance policy, you only have to pay one premium for both coverages. And your flood insurance deductible is the same as your home insurance one — with options up to $50,000 to help cut down on premiums.
Available in five Southern states at high risk of flood damage — Alabama, Florida, Louisiana, Mississippi, and South Carolina — Kin flood insurance doesn’t have a waiting period, nor is an elevation certificate required to get coverage.
However, with a building coverage maximum of $1 million, it may not be a good fit for higher-value homes. And it’s one of few flood insurance companies that doesn’t offer coverage for additional living expenses if you need to live elsewhere while your home is being repaired or rebuilt due to flooding. Kin flood insurance also doesn’t cover flood damage to swimming pools, decks, patios, or items in your basement.
Offered as a coverage add-on to Kin home insurance policies, so you only have to pay one insurance bill
Your home insurance policy deductible also applies to flood damage claims — with options of up to $50,000 to help you save on premiums
Available in 5 flood-prone states (Florida, South Carolina, Louisiana, Mississippi, and Alabama) with no waiting period or elevation certificate required for coverage
Cons
Not a good option for homes that cost more than $1 million to rebuild
Doesn’t offer coverage for swimming pools, landscaping, decks, patios, additional living expenses, or personal belongings in your basement
Not available in most of the U.S.
Basic coverages offered
Kin flood insurance policies include these two standard coverages to protect your home and belongings from flood damage caused by high tides, hurricane storm surge, heavy rain, and more:
Personal property: This is the portion of flood insurance that reimburses you for flood damage to personal belongings inside your home.
If you get flood insurance with Kin, the following three additional coverages are also included in your base policy:
Other structures: Pays to repair or rebuild additional structures on your property separate from your home, including detached garages and storage sheds. However, damage to structures like your pool, fencing, patio, and deck aren’t covered.
Additional coverages offered
To further protect your home from flood damage, you can add these policy add-ons — also called endorsements — to your Kin flood insurance policy for an additional cost:
Our price rating scale looks at the average cost of a standalone flood insurance policy with the carrier based on 2020 pricing data from the National Association of Insurance Commissioners (NAIC). However, since we didn’t have NAIC pricing data available for Kin as of April 2023, we based its score on the average cost of a Kin flood insurance policy in Florida based on data on Kin’s website. With an average annual cost of $856, Kin scores above average for price.
Customer experience
3.6/5
Our customer experience scale uses data from the National Association of Insurance Commissioners (NAIC) complaint index. It also takes into account the carrier’s waiting period — the number of days before your coverage goes into effect after you purchase a policy. While Kin has no waiting period — a plus — it received over three times the number of complaints expected for a company of its size in 2022.
Coverage options
3.5/5
Our coverage options rating is based on both the number and quality of additional coverage and policy options offered by the company. It also takes into account the carrier’s coverage availability in high-risk states like Florida, Texas, Louisiana, California, or New Jersey. Kin scores above average thanks to its slew of valuable coverage add-ons and availability in five Southern states at high risk of flood damage.
Financial strength
3.5/5
Our financial strength rating is based on the company’s AM Best rating — the industry-leading metric to measure a company’s financial strength and stability. Since Kin is not rated by AM Best, we based its score on its A (Exceptional) rating from Demotech, another rating firm that measures the financial strength and stability of insurance carriers.
However, you could pay even less if you opt for a National Flood Insurance Policy (NFIP) endorsement that’s underwritten by Kin, which comes in at $196 per year, according to our 2023 analysis of flood insurance pricing data from the Federal Emergency Management Agency (FEMA).
Just keep in mind your own rates will vary depending on factors like your home's flood zone, elevation, and how much coverage you need.
Average cost of Kin flood insurance in Florida by county
Here’s a look at the average cost of flood insurance with Kin by county in Florida. Not surprising, counties located on the East and West Coasts of Florida have higher rates than more inland areas.
Kin private flood insurance is an alternative to the NFIP — a government-backed program run by FEMA that accounts for around 90% of residential flood insurance policies. [1]
However, the NFIP’s low coverage limits, 30-day waiting period, and minimal coverage add-ons available have made private flood insurance more and more popular.
Compare Kin flood insurance to the NFIP to decide which policy makes the most sense for you:
How to get a quote: You can get a Kin flood insurance quote online or by calling 855-717-0022.
Customer service options: You can get in touch with a Kin customer service rep by calling 855-216-7674 or filling out a form on its website.
How to file a claim: You can file a Kin flood insurance claim by calling 866-204-2219 or emailing claims@kin.com.
How to cancel your policy: You can cancel your Kin flood insurance policy by contacting your Kin agent (their contact info should be on your policy declarations page).
Kin Insurance in the news
In April 2023, Kin announced it's expanding its insurance business into Mississippi. (Business Wire)
In January 2023, Kin announced it's expanding its insurance business into South Carolina. (Business Wire)
In September 2022, Kin dealt with the wake of Hurricane Ian, assuring customers that all claims will be paid out and describing how the company is situated to handle the impact of extreme weather. (Business Wire)
In March 2022, Kim announced new funding and plans for expansion. (Built In Chicago)
Kin vs. other flood insurance companies
Compare Kin flood insurance to other insurers in the industry:
What is the difference between standalone flood insurance and a flood endorsement?
Standalone flood insurance refers to a separate flood insurance policy with its own policy premium and billing, while a flood endorsement is coverage that’s added onto a standard home insurance policy. With a flood endorsement, you only have one premium and bill for both your home and flood insurance coverage.
How do I get a quote for Kin flood insurance?
You can get a Kin flood insurance quote online and purchase your policy right then and there. You can also get a flood insurance quote by calling Kin’s sales team at 855-717-0022.
References
Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.
Wharton Risk Management and Decision Processes Center
Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.
Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
