Based on what Florida Flood Insurance has learned over the years, we know that floods can happen at anytime in the Sunshine State.
In fact, about 25% of all flood claims come from moderate- to low-risk areas, which means you don’t have to live in a high-risk zone to be affected.
Flood insurance in Florida ensures you’re covered if groundwater rises and floods your home or business – something that isn’t usually covered by your general home insurance policy. Just think of what a few inches of floodwater in your home could do. That’s more than enough to destroy flooring, walls, and trigger other damages – costing you thousands if you don’t carry flood insurance.
Keep these facts in mind if you own a home or business in Florida:
Consider these nationwide flood facts when considering a flood insurance policy – especially in low-risk areas:
- Floods are the most common type of natural disaster worldwide – about 40% of all natural catastrophes involves flooding.
- Homeowners Insurance typical does not damage due to flooding.
- 75% of all Presidential disaster declarations are related to flooding.
- Only 12% of U.S. homeowners have flood insurance, based on a 2016 poll conducted by the Insurance Information Institute.
- Flood insurance policies may take up to 30 days to take effect.
- In a 30-year mortgage, a home or property has a 26% chance of being involved in a flood compared to a 9% chance of being involved in a fire.
- Heavy afternoon showers, winter storms, and snowmelt are common (yet often overlooked) causes of flooding.
- New land development can increase flood risk (especially if construction changes natural runoff paths) and possibly affect your flood zone.
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