FEMA’s National Flood Insurance Program chief, Roy Wright, says as a Florida homeowner, you need flood protection. If you weren’t aware, the standard homeowner’s insurance policy does not cover flood damage, that is, unless you have purchased this additional coverage from your insurer. And if you are like many homeowners who rely on flood zone maps to determine whether you should purchase this add-on to your insurance policy, you may find yourself in an unfortunate situation in the event a disaster strikes. Wright stated that people need to move beyond the lines on these flood zone maps as “nature pays no attention to the lines.”
The reality is, hurricane season began on June 1stand will run until November 30th. And if this year’s hurricane season is anything like last year, now is the time to plan and prep. Last year, much of South Florida and many other states were greatly impacted by the devastating winds and rain Hurricane Irma brought with it. The Miami Herald reported that “on Brickell Avenue in downtown Miami, water washed over seawalls and out of the Miami River, swamping the business district.” As a result of the massive storms that hit in 2017, the national flood insurance program is now $20 billion in debt.
So, if you haven’t already purchased flood insurance and are interested in purchasing a policy so that your home is covered for the 2018 hurricane season, here’s what you need to do:
- Understand that you may be able to purchase flood insurance through the National Flood Insurance Program (NFIP) or a private insurer. According to the Florida Office of Insurance Regulation, private companies “write only a limited number of policies or only certain types of flood policies, such as for high-value homes. The coverage can be written as a stand-alone flood policy or as an endorsement onto a homeowner’s policy.”
- To find out if your homeowner’s insurance company offers flood insurance, contact an agent.
- If you live in an area that participates with NFIP, call 1-800-427-4661 to request an agent referral to find out how much a policy will cost.
- Understand that flood insurance policies vary in price so you can shop around. You also need to be aware of the fact that homes in certain areas might be more prone to flooding which could result in a higher premium.
The fact is, many homes in Florida are becoming more and more susceptible to sustaining damage caused by hurricanes, especially those in Miami. And rather than rely on a map to say you are or are not in a high-risk zone gives you the false impression that your home won’t flood. Therefore, if you haven’t done so already, consider looking into purchasing flood insurance so that your home and valuable possessions are all protected. The last thing you want is to have your home destroyed and
If you have an unpaid homeowner’s insurance claim or the claim you submitted was denied, consider contacting a Miami, FL denied insurance claim lawyer to help you resolve the issue.
your insurance claim denied because you neglected to purchase the appropriate insurance coverage
In the event you recently filed a flood claim or even a damage claim and your insurance company has denied it although your policy contains the necessary coverage, contact a Miami, FL insurance claim denial attorney. The insurance lawyers at the SG Law Group conveniently located in Miami, FL are qualified and capable of delivering you with the results you are seeking. So, if you have a delayed or denied home insurance claim, contact this firm today and allow these professionals to assist you.
You can reach SG Law Group at:
2665 S. Bayshore Drive, Ste. 220
Coconut Grove, FL 33133