The recent flooding from unusual weather has homeowners considering the impact flooding could have on their own homes and property. You may already be aware that Florida is considered a high risk for flooding. Some studies predict uncorrected global warming could cause the entire State to flood in several decades. Whether that is true or not, the fact remains that between Hurricanes and the rainy storm season, Florida homeowners need to protect their property from the destruction of flooding. Traditions Realty shares information on how to protect your property with flood insurance.
Protect Your Property with Flood Insurance
As you search for property sales in Jacksonville, consider the cost of protecting that property from storms. Many people do not realize until too late that traditional home insurance coverage does not cover flooding. According to the Florida Office of Insurance Regulation (FOIR) “Flooding is a serious risk in Florida due to the state’s geography and proximity to water, both inland and on the coast. Insurance to cover this risk is not typically provided in a homeowner’s policy, so it must be purchased separately. Depending on a home’s location, flood insurance may be a required purchase as a condition of a mortgage.”
Take the time to do the necessary research and learn about flood insurance for your current or potential property. Make sure to do this before storm season, as once storm season is in full swing, there will certainly be longer waits to speak with insurance representatives.
Additional Flood Insurance Resources from FOIR.
Looking to buy or sell in Jacksonville? Traditions Realty is a full service Real Estate Agency, specializing in Sales, Tenant Placement & Property Management. Contact our Traditions Realty agents online or at (904) 683.5230 today.