“Tropical Storm Eta’s record rainfall left behind flood-damaged homes across South Florida. And it also left behind a stark reminder that your property insurance policy may not have you covered.”
“A lot of people don’t know that their homeowner’s or renter’s insurance doesn’t include flooding,” says Logan McFaddin of the American Property Casualty Insurance Association. “It’s usually not included in a normal homeowner’s policy.”
Amber Randall, “This week’s record rainfall is a reminder that most insurance policies don’t cover flood damage,” South Florida Sun-Sentinel, November 13, 2020
The Takeaway: Many people in our area don’t purchase flood insurance because their property is not in a recognized flood zone. But that could be a very expensive mistake.
Parts of South Florida received two feet of rainfall due to Tropical Storm Eta. Without flood insurance, water damage may not be covered and remediation can be costly. The Federal Emergency Management Agency — FEMA — estimates that one inch of floodwater can cause up to $25,000 in damage. Not sure if you need coverage? Talk to your property insurance agent or give us a call.