Are you flood smart?

Contact your insurance agent, ask about flood insurance

By Max Mayfield - Hurricane Specialist
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Flooded street in Key West

SOUTH FLORIDA - Most South Florida residents are accustomed to being bombarded with preparedness information on the hurricane season.  Near the top of our preparedness checklist is making sure that we have appropriate insurance on our homes. 

Lessons from past hurricanes have convinced me that a lot of people don't understand that standard insurance policies don't cover flood insurance.  For example, there were countless 'wind versus water' lawsuits after Katrina, and I expect similar lawsuits after Superstorm Sandy.

In my opinion, a homeowner should be able to purchase one insurance policy to cover all hazards.  Unfortunately, that is not the way it works in our country. 

Standard insurance policies do not cover damage from storm surge or heavy rains from a tropical cyclone or from any other type of flood for that matter.  That means that without flood insurance, homeowners are responsible for the entire cost of repair from flood damage. 

In 1968, Congress created the National Flood Insurance Program (NFIP).  The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP.  Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.

Floods are actually the most common natural disaster in the United States.  According to data from the NFIP, people outside of high-risk areas file over 20 percent of NFIP claims and receive one-third of disaster assistance for flooding. 

For homes and businesses in moderate- to low-risk areas, lower-cost policies are available for as low as $129 per year. 

It is important to note that there is typically a 30-day waiting period between the time you write a check for the flood policy and the day that policy goes into effect.

A wealth of information on how to prepare for floods and how to purchase a flood insurance policy can be found at  You can even determine your individual flood risk by entering your address. 

After doing a little research at that website, I encourage people to contact their agent who carries their homeowners or business insurance and ask about flood insurance. 

Don't wait until it is too late.  Floods can happen almost anywhere, and they are not limited to coastal areas or to tropical cyclones

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