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Flood Insurance In Florida by David Wolf
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Flood Insurance In Florida |
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Insurance
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A record year for hurricanes occurred in 2005 in the United States Gulf Coast, with weather reporters running out of alphabetical names for hurricanes and tropical storms headed towards the Gulf Coast. Unfortunately a few of these hurricanes, including Dennis, Katrina and Wilma caused major destruction on both the Atlantic and Gulf of Mexico sides of Florida. Since Florida is located in the middle of an active hurricane area, for six months out of the year, locating affordable Homeowners insurance coverage is very difficult for many homeowners and sustaining and repaying those Homeowners insurance policies is equally as difficult for insurance providers. To help you resolve this vexing problem I advise you to contact Orlando Homeowners Insurance . For quite some time, in the 1980s and 1990s, many Florida residences were covered by the state run insurance company, called the Residential Joint Underwriting Association. Only recently have large private Homeowners insurance companies started offering homeowners insurance policies in parts of Florida,, where hurricane damage is most likely to occur. Whether utilizing the state run Residential Joint Underwriting association or using the services of a private home insurance agency, it is undeniable that homeowners insurance will be very expensive anywhere near the coastal areas. A similar home elsewhere may cost sixty percent less to insure than it would on the coast of Florida, due to the additional coast of hurricane coverage. Since the majority of insurance policies only cover certain natural disasters that are likely to happen anywhere in the country, most frequently hurricane damage is not included in insurance policies. For that reason, Florida homeowners have to go about purchasing extra hurricane insurance to make sure their home will be covered in case hit by one of these ocean storms. A law was recently passed in 2005 in Florida that requires plain language on insurance policies so that homeowners can easily understand the terms of their policy without being confused by the legal terminology. Before this, many Florida homeowners were left with no insurance coverage or had to apply for Federal or Florida aid because many did not realize that hurricane coverage does not coverage all flood damage. To help resolve these difficulties and get a clear explanation regarding your insurance needs we recommend orlando homeowners insurance . If Florida homeowners reside in an area that could be considered a storm surge area, usually even up to 25 feet from the ocean, then they need to consider including flood insurance as a separate clause to their Homeowners insurance. Make sure you discuss with your insurance carrier exactly which types of water damage are covered in the hurricane insurance policy and the flood policy to make sure you are covered from all possible types of damage that can result from a hurricane. Legislation is being proposed that will limit the amount of surcharges that Florida homeowners can be charged to help prevent price gouging. If legislation is passed, this will help level out private and public insurance rates for Floridians, making it easier to acquire insurance from year to year even though they live in an extremely high risk area. If you are a new resident of Florida and have moved to the state between the months of June and November, hurricane season, you may not be able to acquire hurricane insurance for the first season, as many insurance companies put a block on new hurricane insurance policies until after hurricane season is over. This is a preventative measure to guard against those who may acquire the insurance temporarily and then discard it at the conclusion of hurricane season. Before closing on a home, consider adding the current Homeowners policy into the contract on the home to ensure that you will be covered for the first season. If this is not possible, you may be able to find insurance to cover a hurricane but it could be very costly. To learn more about a: Orlando Homeowners Insurance Visit us to learn more about how to the insurance coverage you desire: orlando homeowners insurance
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