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The necessity for homeowners to carry flood insurance is becoming more prevalent than ever in Florida. Each year at the start of hurricane season which begins in May and goes through to the end of November, Floridians all pray that we don’t experience a major hurricane during that period which almost always results in some level of flooding. Every single home and business in Florida are in a flood zone. Regardless of which flood zone you are in high, medium, or low risk you can’t predict if your home will experience wind damage and/or flooding. If you could predict when these risks will hit your community, then you could technically save and recover from those catastrophes. For example, most claims that came out of hurricanes Ian in 2022 and Irma in 2017 were flood damage claims in the lowest risk flood zone. Keep in mind, most of those homeowners experienced flooding, not wind damage during those two hurricanes and majority of them didn’t carry flood insurance. Your home insurance policy will not respond if your home experiences flood damage which is water coming into the home from the ground level due to inland, flash, river and coastal flooding. Your home policy will only cover the portion of the home that experiences wind damage. What consumers don’t realize is that if you don’t have flood insurance then you can file for a grant from FEMA and the average payment is around $5,000. If that is not sufficient then you can file for an SBA Disaster loan that has to be repaid back plus interest. Historically most Americans live paycheck to paycheck so not having the right insurance in place to recover and bring your asset whole again is just not worth the risk. Especially since home values are so high now and the cost of flood insurance is super inexpensive compared to the value of your home. Please contact our office if you have questions or wish to receive a quote for flood for your personal or commercial needs. Our office works with several carriers to get you the best possible price!