Compelling Reasons to Have Flood Insurance in Florida

Compelling Reasons to Have Flood Insurance in Florida. Statistics in Florida indicate that a property mortgaged for 30 years has a 26% chance of experiencing flood damage and a 9% chance of being affected by a fire.

The above data should be persuasive enough for homeowners who are unsure whether to have flood insurance or not. However, eight out of ten homes in Florida lack such insurance.

Many Floridians wonder why they should purchase flood insurance if their property is located in an area that has never been affected by floods. It’s clear that using experience as a basis for decision-making is a great starting point. Why insure against a damage that won’t happen?

But FEMA, in its annual reports, emphasizes a fact that should not be overlooked: 40% of the claims are made by homeowners whose properties were located in areas classified as low-risk.

We live in a state constantly threatened by hurricanes and storms. In the past 20 years, nearly 100 hurricanes and storms have impacted various parts of Florida. All of them are accompanied by heavy rainfall or strong surges that cause sea intrusion in coastal areas or significant flooding in the numerous reservoirs and bodies of water across the peninsula.

Floods in the Sunshine State are not only caused by heavy rainfalls, but also high tides that lead to sea overflow, resulting in extensive damages in coastal regions.

Given this scenario, the most sensible approach is to call Univista Insurance and obtain flood insurance now that hurricane season is beginning. As my grandmother used to say: it’s better to be safe than sorry. Compelling Reasons to Have Flood Insurance in Florida.

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