Living in Florida, you’re aware of the constant threat of floods. Part 1 of this series explained why – the state’s low elevation, proximity to water, and frequent severe weather make most areas susceptible to 100-year flood events. Part 2 covered key concepts like Base Flood Elevation (BFE), freeboard, and elevation certificates. Now, let’s explore the flood insurance options that are available to you. National Flood Insurance Program (NFIP): The Main Course Most Florida property
Michael McDonald
Business Insurance, Flood Insurance Blog, Homeowners Insurance, Hurricane Preparedness Tips, Insurance Tips
A 3-part primer on flood insurance in FloridaPart 1: Why do I need Flood Insurance in FloridaPart 2: This article focused on flood mitigationPart 3: Flood Insurance Options The Florida Panhandle is no stranger to Mother Nature’s fury, with hurricanes often making landfall and leaving a trail of destruction in their wake. For homeowners along this picturesque stretch of coastline, preparing for these natural disasters is not just a matter of preference; it’s a necessity.
Michael McDonald
Flood Insurance Blog, Florida, Homeowners Insurance, Hurricane Preparedness Tips, Insurance Tips
Florida Flood Insurance RequirementsWe are seeing the effects of the passage of 2022 Senate Bill 2A.The most obvious is that many Citizens’ policyholders must purchase flood insurance. Effective March 1st, flood insurance is no longer an option for homes valued at $600,000 or higher! The value drops $100,000 annually through 2026; in 2027, it will apply to all Citizen policies. The most important exception is that flood protection is not required for condos if the
Hurricane Preparedness and Claim Information Ensure you have adequate coverage and take steps to prepare in advance of hurricane season:Have you informed Term Brokers of any new upgrades or additions to your property?Take pictures of your home, car, boat, RV, and other possessions. Then, make two copies of the images and file them in a safe place.Have you added Florida flood insurance to your policy with Term Brokers?Key steps to follow if you have damage