Introduction: Is Your Florida Home Ready for the Next Big Storm? Hurricane Milton’s devastating floods in 2024 left thousands of Florida homeowners grappling with millions in uninsured losses. From Tampa’s overwhelmed drainage systems to Orlando’s inland flooding, the message is clear: floods don’t discriminate by zip code. In Florida, where 1 in 5 homes faces a flood risk each year, flood insurance isn’t just a luxury—it’s a necessity. In this first part of our three-part
At Term Brokers, we specialize in helping our customers get the best Florida homeowners insurance rates. We do this by ‘reshopping’ your policy with our extensive network of Florida insurers. To prepare us for the ‘reshop’ we recommend you have answers to the following questions.We understand that rates have been climbing seemingly without end. The good news is nine insurers have recently filed with Florida’s Office of Insurance Regulation to reduce rates by as much as 10%.
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
Michael McDonald
30A Florida, Bay County, Florida, Florida Panhandle, Homeowners Insurance, Okaloosa County, Walton County
Tips for managing Florida's insurance squeeze Sunshine State dreams are getting soaked by a financial storm. Florida’s homeowner’s insurance costs are surging, leaving many wondering if they can keep their roofs afloat. But fear not, fellow Floridians! This blog post is your life raft, guiding you through the choppy waters to calmer shores of affordable coverage by following our tips for smart home insurance savings. Don’t let rising costs rain on your parade: Maria