Yes. Homes and businesses may qualify for the low-cost Preferred Risk Policy , with premiums starting as low as $129 for a home and its contents and $643 for a commercial building and its contents.* *$129 residential annual premium provides $20,000 building and $8,000 contents coverage. $643 commercial annual premium provides $50,000 building and $50,000 contents coverage. Don't see your question? Go to the NFIP’s Answers to Questions.