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Start of Hurricane Season Is Time for an Insurance Check-up

Florida Insurance Commissioner Kevin McCarty says that flooding is a serious and frequent threat to Floridians, and he urges residents to check their homeowners’ and business insurance policies to ensure flood damages are covered...
June 4, 2014

Florida Insurance Commissioner Kevin McCarty says that flooding is a serious and frequent threat to Floridians, and he urges residents to check their homeowners’ and business insurance policies to ensure flood damages are covered. In most cases, he says that a separate flood insurance policy is needed, and with the June 1 start of the Atlantic hurricane season, now is the time to obtain National Flood Insurance Program (NFIP) coverage, which takes 30 days to become effective.

McCarty also stresses that residents should speak with insurance agents about replacement cost coverage versus actual cash value, whether they have received all of their windstorm mitigation credits, what the deductible is, among other considerations. Additionally, consumers will want to create a home inventory of their possessions, which they can do using the National Association of Insurance Commissioners (NAIC) smartphone app.

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