Dear Fellow Floridians:
Season is here and you must prepare now
before a storm takes aim at the Sunshine
Experts predict as many as 15 named
storms and four major hurricanes this season
and it is imperative that you prepare now to
protect your biggest investments – your home
we saw last year with Hurricane Michael, you
may only have a few days to prepare once a
storm nears Florida. Aside from getting
shutters or plywood, flashlights, batteries,
water, and other necessary items to survive
a storm, it’s equally important to have the
right insurance coverage.
Below are five important hurricane
preparedness tips to consider:
flood insurance coverage. Standard
homeowners insurance policies may not cover
flood damage. If you live in a flood-prone
area, contact your agent about obtaining
flood insurance. Currently, there are more
insurance carriers writing flood
insurance policies in Florida’s private
insurance market. Depending on your home’s
location, you may qualify to enroll in the National
Flood Insurance Program.
Get windstorm coverage.
Some homeowners insurance policies do not
cover damage caused by windstorms, such as
hurricanes. Ask your insurance agent about
windstorm coverage today.
you are adequately covered. The
value of your home and possessions may have
increased over time, or you may have made
improvements or purchased expensive items
such as computers or major appliances.
Consider additional living expense
coverage. Additional living expense
coverage which is included in most
homeowners policies, pays some expenses for
losses that leave homes unlivable during
repairs. Such expenses could include limited
hotel, restaurant and storage costs.
Do not wait until a storm
approaches. Most property insurance
companies require 30 days for changes to
your policy to take effect and do
not accept new applications or requests to
increase coverage once a hurricane watch or
warning has been issued for Florida. It is
important not to wait until a storm is
imminent to verify coverages.
For additional hurricane financial
preparedness tips or resources, visit
MyFloridaCFO.com or contact my Insurance
Consumer Helpline by calling 1-877-MY-FL-CFO