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Own A Second Home? Your Florida Flood Insurance Rates Are Set to Rise

Those who own a second home in Florida will soon be paying more for flood insurance than full time residents.  Owners of second homes will now be hit with a $250 surcharge. This is in addition to rate increases that are expected to be as high as 18 percent.  Residents who claim Florida as their state of domicile will only be charged a $25 surcharge.  However, they will have to prove they live here year-round.  The additional surcharges are reported to be federally mandated in order to offset the 18% annual cap on rate increases.  April will be the starting date for these new rates and surcharges.

Florida Flood Insurance Claims

            Our Miami property insurance claim lawyers know that home and business owners purchase flood insurance for peace of mind, expecting to be covered in the event of a serious disaster.  However, more often than not, insurance companies fail to fulfill their obligations to paying property owners by either denying the claim outright or underpaying a legitimate claim.

Flood insurance related claims can stem from a variety of issues, including plumbing leaks, hurricanes, rising waters, severe storms, and national disasters.  If your home has been damaged by a flood, you may be eligible to file a flood insurance claim either through your homeowner’s insurance or flood insurance.  Here are a few steps to filing a flood insurance claim:

  • Photograph the damage: If possible, take pictures of the damage that occurred as a result of the flood.  Try taking photos before and after the water recedes in order to illustrate the extent of the damage.
  • Create a list of items that were damaged or lost: Your insurance company will need a list of items that were lost or damaged and an approximate value of each.  As you go through your home after the flood, start creating a list of belongings that are damaged or that you cannot locate.
  • Contact your insurance company: It is important to notify your insurance company whenever you have experienced a loss.  Insurance companies have been known to deny claims on the basis of late notice.  Take measures to prevent further immediate damage, but do not make further repairs before discussing your claim with the insurance company and your attorney.
  • Explore the possibility of disaster assistance: If the flood in your home is classified as a disaster by FEMA, you may be eligible to receive disaster assistance.  Contact FEMA to discuss your options with a qualified representative.
  • Consider contacting a Florida flood insurance lawyer: Many people discover after a flood that working with the insurance company can be difficult and at times, impossible to obtain the relief you deserve.  Your licensed Florida homeowners’ insurance attorney will assist you in obtaining the funds you need to remedy your property damage.

Greenberg Stone and Urbano: Exceptional Miami Homeowners’ and Flood Insurance Attorneys

            Flood insurance is a necessity for the majority of South Florida homeowners.  This recent rate increase will not be welcomed by Floridians already paying considerable sums for their flood insurance.  If you need assistance filing a flood insurance claim or your claim has been denied, the preeminent Miami Homeowners’ Insurance Attorneys at Greenberg Stone and Urbano are here to help.  For over 130 collective years, our dedicated attorneys have assisted clients across South Florida, earning us an AV rating from Martindale Hubbell and recognition as one of South Florida’s top firms by the Miami Herald.   Allow us to put our experienced to work for you.  Call us at (888) 499-9700 or (305) 595-2400 or visit our website to schedule your initial consultation.


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