Don’t wait for an imminent storm to buy flood insurance. Waiting periods can range from 15-30 days or even longer!
Florida Senate passes bill to launch private flood insurance option. Homeowners could have more flood insurance options than the federally subsidized national program under a measure unanimously passed by the Florida Senate on Wednesday that is designed to encourage private insurance companies to enter the market.
Homeowners could have more flood insurance options than the federally subsidized national program under a measure unanimously passed by the Florida Senate on Wednesday that is designed to encourage private insurance companies to enter the market.
5 Flood Insurance Tips
According to CNN Money seventy percent of Americans live on the coast and may be vulnerable to flooding. In fact homeowners are 26 times more likely to be affected by a flood than a fire according to the Independent Insurance Agents and Brokers of America.
Assess Your Risk- Know The Limits
- Don’t Rely On Government Handouts
- Don’t Delay
- Beware Of Rising Premium Risk
Bonus Tip: Video Inventory Your Possessions
Take a video as well as an inventory of all your possessions. These records are invaluable in case of storm or fire damage, etc.
