Hurricane season is on the horizon and it’s very important that you review your insurance policy before the storm season hits. Checking into your coverage early on can make sure that you have a plan if your home is damaged from flooding, fire, weather events and more. Many homeowners insurance policies do not cover flood damage and there are a series of other gaps in insurance that can be revealed when you go to make a claim after hurricane damage has occurred.

27% of policyholders based off of consumer polls hold supplemental flood insurance. This number should be considerably higher when we compare these losses against last year’s storms. Flood insurance is often considered to be an additional premium but depending on the prevalence of flooding in your area, it could be worth the extra costs.

No-fault insurance policies are introducing new rates in October of 2021. AEME is launching new programs alongside these rate increases to take a look into the specific levels of flood risks and the various levels of coverage that the average insurance he policyholder may have. Over 1 million policies should be seeing a rate decrease according to FEMA while 200,000 policies across the state will be seeing a significant increase due to their risk for flooding.

With the storm season approaching, it’s very important that you look into your own insurance policy to see if flood insurance is available. As floods are some of the most prevalent types of damage that occurs after hurricane flood insurance is one of the most crucial components to securing adequate coverage for your home or business.

If you have any questions about your insurance policy or you could use assistance with reviewing your insurance policy, contact us today.

This post was written by Kelly-Ann Jenkins of Jenkins Law P.L. Kelly-Ann is an insurance claims attorney. The information on this site is not intended to and does not offer legal advice, legal recommendations or legal representation on any matter. Hiring an attorney is an important decision, which should not be based on advertising. You need to consult an attorney for legal advice regarding your individual situation.

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