- Estimated annual damage from
floods is $5.2 billion in the state of Florida, alone.
- Hurricane Katrina, which hit
the gulf coast in late summer of 2005, was the costliest natural disaster
in United States
history, causing over $200 billion in damages.
- Wildfires run rampant in the
south. So far this year, a state of emergency has been declared in 21 Georgia
counties due to extreme drought conditions. Florida is in a similar predicament,
with over 90% of the state experiencing drought and up to 95 wildfires active
at one time.
Florida homeowners have learned to live
with the threat of flooding, but what many homeowners in Florida may not know is their home has a 26
percent chance of being damaged by a flood during the course of a 30-year
mortgage. Damages to the home from flooding are not only traumatic to the
structure (not to mention mentally unnerving), but flood damage can be
traumatic to the homeowner's financial health as well. To protect your home and
your financial health from flooding, it's best to invest in a homeowner's
insurance policy that will cover you, your family, and your belongings in case
this natural disaster occurs.
Currently, over 5 million people hold flood insurance policies in more than
21,000 communities across the United
States. Insurance policies and costs can
vary greatly in Florida
as hundreds of insurance companies offer policies and many different factors
can affect pricing/premiums. Such factors include:
- Type of structure or
construction
- Risk percentage in your
particular area
- How much coverage you feel
you need.
The biggest mistake you can make is to do nothing at all; Florida residents need to prepare for these
and other natural disasters by ensuring the right home insurance policy is in
place. Hundreds of insurance companies, many of which are disreputable, sell
homeowners insurance in Florida.
It's difficult not only to differentiate the legitimate companies from the
illegitimate, but it can be difficult for Florida consumers to find the right policy
at the lowest possible price. At insurehome.net, you can find the lowest
real-time insurance quotes in Florida.
