With recent storms like Hurricane Irma, more and more of my clients are asking about how they can be better prepared. And one of the big topics they have questions about is flood insurance. After all, in Southwest Florida, we have some amazing perks, like world-class beaches, year-round sunny weather, and many more amenities. But we also need to be prepared for the challenges that any area in the country has.
And for Southwest Florida, that’s weather events. If you own a SWFL home, or are thinking about buying one, understanding flood insurance is essential. This way, you’ll be able to safeguard your investment for the future. Plus, you’ll gain the peace of mind that makes home ownership a great experience.
Know Your Updated Flood Zone
Because flood zones can and have changed in the past, it’s important to know your zone. In addition, you get a perspective on your general area when you check your zone map.
Make Sure You Know Your Terms
Flood watch, flood warning… what’s the difference? When you live in Southwest Florida, it’s a good idea to become more familiar with these terms and what they mean.
Choose a Plan with Adequate Coverage
Your flood insurance plan should fit your needs. If you choose a plan that doesn’t cover your property in the way you intend, there could be unforeseen consequences. Instead, thoroughly review your options to get the one that makes the most sense for you.
Consider Insurance, even if not Required
At the same time, you may see that you aren’t in a flood zone and opt to not get flood insurance. However, I would recommend that you still look at your specific property and determine if you still want to be covered. After all, flood forecasting isn’t perfect, and you may want to be safe.
Gather Together Multiple Quotes
Just like you should gather multiple quotes for your home loan when you buy a SWFL home, the same holds true for flood insurance. Don’t just go with the first one! Once you have a few quotes together, you can go with the option that best protects your property.
Keep Your Adjuster’s Number Handy
In the event of an emergency, you don’t want to be digging through papers trying to find your adjuster’s number. Heaven forbid something happens, but if it does, you want to be able to follow up quickly and easily.
Itemize Your Possessions
Of course, making a list of your possessions is also key when you own a SWFL home. This way, if you do have to file a claim, there won’t be any question about an item.
Have a question about weather in Southwest Florida? I’d be happy to provide you with an answer!
Terry Records