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The 411 on Florida Flood Insurance

The Florida flood insurance market has become quite expensive in recent years, leaving many Floridians scrambling to find private insurers or opting out of flood insurance entirely.  Currently, Florida requires residents in high-risk flood areas with mortgages from any insured or federally regulated lender to purchase flood insurance.  Flood insurance can be obtained from the National Flood Insurance Program (NFIP) or through a private flood insurer.

The homeowners’ insurance attorneys at Greenberg, Stone & Urbano recognize that many homeowners are unsure as to their coverage under a flood insurance policy.  They may run into problems when damage does occur to their home and they seek to obtain funds from the policy they have paid premiums on for some time.  We assist homeowners in appealing the denial of their homeowners’ insurance and flood insurance claims.  We fight for our clients to receive that coverage that they rightfully deserve.

Flood Insurance Basics

Here are some facts that you as a homeowner should know about flood insurance in Florida.

Purchasing Flood Insurance

Flood insurance can only be purchased through a licensed insurance agent.  You are legally allowed to purchase flood insurance in Florida through the NFIP or a private insurance company.  Currently, Florida has a limited number of private insurers offering coverage in the area, but the state is working to attract more insurers to hopefully increase the number of insurance companies in coming years.

Scope of Coverage

Flood insurance is a separate and distinct policy from your homeowners’ insurance policy.  It is especially important for those living in high risk flood areas, but all homeowners can benefit from this insurance in the event of a flood.  Flood insurance will cover direct physical losses caused by the flood.  A flood is defined as the partial or complete inundation of two or more houses (with at least one being yours) or two or more acres of normally dry land due to the rapid overflow of tidal or inland waters or rapid accumulation of runoff surface waters.  Generally, in the event of a flood that meets this definition, your building and personal property will be covered under your flood insurance policy.

This definition is important because it also defines what is not covered.  Flood insurance will only cover those damages stemming directly from the flood.  For instances, damages caused by a sewer backup will only be covered if the sewer backup was directly linked to the flood.  Other causes will result in a denial of coverage.

Filing a Flood Insurance Claim

If your home has been damaged by a flood, you will need to file a claim with your flood insurance company.  Be sure to review your policy and notify your agent of the damage as soon as possible.  If you have having difficulties filing the claim or receive an initial denial, contact a licensed insurance attorney as soon as possible.

Contact the Homeowners’ Insurance Attorneys at Greenberg, Stone & Urbano Today!

If you need assistance with a homeowners’ insurance related matter, contact the Miami Homeowners’ Insurance Attorneys at Greenberg, Stone & Urbano. Our exceptional firm offers the assistance you need to obtain the results you desire.  We have over 130 collective years of experience representing homeowners against their insurers across South Florida and will put our extensive experience to work for you.  Contact our firm as soon as possible to protect your legal rights.  Our firm received an AV rating from Martindale Hubbell and was ranked as a top firm in South Florida by the Miami Herald.  Call us at (888) 499-9700 or (305) 595-2400 or you can visit our website to schedule your initial consultation.


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