When Hurricane Irma hit Florida on September 10, 2017, it was classified as a Category 4. The storm caused catastrophic damage to houses and commercial structures alike, knocking out power for millions and flooding coastal cities. Wind levels were between 130 and 156 miles per hour and even the sturdiest structures experienced roof and structural damage. If your home was affected by Hurricane Irma, an insurance settlement can help you make the necessary repairs.
Part of living in Florida is learning to live with unpredictable and sometimes frightening weather. With wind speeds capable of reaching more than 156 miles per hour, hurricanes are devastating acts of nature that can destroy buildings in a matter of minutes.
If your home was damaged or destroyed during a hurricane, you may feel homeless, uprooted, and lost. However, an insurance settlement can help you repair, rebuild, and start a new life. Here are a few tips on filing a Florida insurance claim after a hurricane.
A house fire is one of the most traumatic events a person can experience. If you recently lost your home and belongings in a fire, your homeowner’s insurance should cover the damage. Here are a few tips to keep in mind when filing an insurance claim after a fire.
If your home and property suffered damage during a hurricane, fire, or other disaster, receiving compensation from your insurer can be a lifesaver. However, it’s important to remember that insurance companies do not always have your best interests at heart. Like any business, they focus on increasing profits and reducing costs – and you are a cost.
Fortunately, by consulting with an experienced attorney, you can identify and renegotiate any low-ball settlement offers you receive. Here are a few signs that your settlement may be too low:
For the vast majority of people who buy a house, the property will be their most valuable investment. To that end, you must take out an insurance policy to protect that investment, especially here in Florida where tropical storms and hurricanes happen regularly.
Below are a few key considerations to keep in mind when taking out a homeowners’ insurance policy in the Sunshine State:
You may need additional coverage
Homeowners’ insurance covers most types of damage that can occur to your home, but not all. You may need additional, separate policies to cover certain types of storm-related damage.
Flooding, for example, is covered under flood insurance policies, not homeowners’ insurance policies. Instead, floor insurance is provided through the National Flood Insurance Program, which the Federal Emergency Management Agency oversees. Other flood insurance policies are available through private insurers, but they are typically more expensive and may not have the same limits that the federal programs do.
Windstorm damage is also not covered by most homeowners’ insurance policies, meaning you should get a separate windstorm insurance policy if you live in hurricane-affected areas. Windstorm insurance is usually available through private insurance companies and state-run insurance pools. It covers damage from any high winds—not just windstorm damage in hurricanes.