With hurricane season fast approaching, are you prepared? As we’ve seen from past storms such as Andrew and Katrina, hurricanes can devastate and destroy a community, causing billions of dollars worth of damages. One thing homeowners often overlook is making sure that their homeowner’s insurance policy includes flood insurance. Flood insurance is generally not included with your homeowner’s insurance policy. It is relatively inexpensive and critical, especially for South Floridians. With hurricane season approaching, make sure your homeowner’s insurance includes flood coverage, and if it does not, be sure to purchase it.
Flood insurance protects homeowners from direct loss caused by a flood. It is important to note that flood insurance covers damages incurred from rising waters, as opposed to damage caused by falling water and wind. There are two types of flood insurance: 1) Building Property coverage which protects the home itself; and 2) Contents coverage, which covers your personal property. Building coverage includes the building and foundation, electrical and plumbing, climate control systems (i.e. central air conditioning, furnaces and heaters), kitchen appliances such as refrigerators, stoves and built in appliances such as dishwashers and carpeting. For example, if flood waters damage the foundation to your home and your central air conditioning unit, then you must have building property coverage to be reimbursed for these damages. While contents coverage includes personal possessions, for example clothing, furniture, electronics, portable appliances, and washer and dryer. If your expensive furniture, electronics and paintings are damaged by flood waters, then you won’t be reimbursed unless you purchased contents insurance. Both Building Property and Contents coverage must be purchased separately and it is encouraged that your policy includes both types of coverage.
As a South Florida property damage attorney, I cannot stress the importance of purchasing flood insurance coverage. Typically, there is a 30 day waiting period from the date of purchase before a new flood insurance policy goes into effect. With hurricane season on the near horizon, make sure your homeowner’s insurance policy includes flood coverage. If you would like to purchase flood insurance contact your insurance agency or company or the federal National Flood Insurance Program for more information and a list of providers.
Miami flood and hurricane attorneys are here to assist you. We are here 24/7 to assist you with your insurance claim and answer any questions you may have. Feel free to call us at (305) 764-9907 or toll free at (888) 413-8353.