Florida historically experiences the most severe weather over the next eight weeks. August through October is peak hurricane season. Recent tropical activity serves as a reminder of the importance of preparing.
“Seeing the recent devastation in Louisiana, and hearing the heartbreaking stories of loss, will hopefully prompt Floridians to review their insurance policy,” says Dustyn Shroff, Vice President of GreatFlorida Insurance, Florida’s largest independent homeowners insurance agency. “Insurance is designed to help people rebuild their lives.”
Consequently, this is an ideal time for people to contact their homeowners or renters insurance agent to review their coverage. The Insurance Information Institute, III reports that most insurers will not allow changes to be made to insurance policies once a hurricane watch or warning is issued by the National Hurricane Center.
Therefore, it is wise and will put your mind at ease knowing the following information about your renters insurance or homeowners insurance policy. Some questions to ask your agent are as follows:
What is covered?
Is coverage provided for any upgrades or new possessions?
What is the current deductible?
Do I have enough to rebuild my home or replace my belongings?
GreatFlorida Insurance can provide flood insurance to policyholders through the National Flood Insurance Program NFIP. A local GreatFlorida Insurance agent will help you find flood insurance. Protecting your most valuable asset from the most common form of destruction.
Consequently, flooding is the leading cause of disaster in the United States. Florida residents file more flood insurance claims than any other state. Mere inches can cause thousands of dollars’ worth of damage to your home.
You do not have to live in a high risk flood zone to experience damage. 25 percent of flood insurance claims come from low or medium risk communities.
Unfortunately, many homeowners are under the false assumption that their homeowners insurance would cover loss due to flooding in the home. Flood insurance is not included in a homeowners policy and must be purchased separately.
Also, many homeowners assume they can collect federal disaster assistance if a flood occurs. It is only offered when the president declares a major disaster which only happens in half of all flooding situations.
