Your Insurance Company Uses Professionals to Protect Their Interests. You Should Too!

Hurricane Damage

Hurricane Damage Insurance Claim FL NJIf you’re a homeowner living in a hurricane-prone part of the country, securing a reliable, easy-to-understand insurance policy that covers hurricane damage may be one of the most important financial decisions you’ll ever make.

If you’re a Florida homeowner or business owner, this could be an especially tricky task. According to the Insurance Information Institute, seven of the 10 costliest hurricanes in U.S. history have impacted Florida, and six of those storms occurred within the space of just two years (2004 and 2005).

As a result, scores of insurers have drastically increased their Florida flood and hurricane insurance rates. Many have pulled out of the state altogether.    

Your Homeowner's Policy

It’s something of an irony that most homeowner insurance policies do include some sort of hurricane coverage. Why? Because more often than not, the only hurricane damage covered by homeowner policies is the damage caused by a hurricane’s wind, and not the damage caused by the flooding that so often accompanies a severe hurricane.

The flooding caused by a hurricane storm, of course, will result in water damage that can wreak extreme financial devastation. There’s also the issue of mold remediation, which is also unlikely to be covered by your homeowner policy, because mold grows as a direct result of water exposure and flooding.  

And so aside from a standard homeowner’s policy, residents of Southern and Eastern coastal states especially will also need a flood insurance policy that provides catastrophic coverage to both home and personal property. For those of you who live in Florida, such policies are likely to be especially expensive. 

Obtaining Flood Damage Insurance

Extra flood insurance can be obtained from a FEMA-operated government program known as the National Flood Insurance Program (NFIP). Policies available through the NFIP, however, are limited to $250,000 for residential properties and $500,000 for commercial properties. Nowhere near enough, in other words, which means you’ll almost certainly want to purchase additional coverage elsewhere.

Homeowners located in the most at-risk regions of the Sunshine State, however, could find the process of obtaining additional coverage extremely difficult or prohibitively pricey.

nj public adjuster hurricane damageThe state-run Citizens Property Insurance Corporation, which covers home-owners in high-risk areas and others who can’t find coverage in the private insurance market, might be your best bet. To learn more about the intracacies of flood damage insurance coverage, visit our Flood Damage page here.  

A Public Adjuster Can Help

No matter what sort of hurricane or flood damage you may be dealing with—and regardless of the homeowner’s policy or the amount of flood insurance coverage you may or may not own—having a public adjuster on your side during the discovery phase of your property loss can make all the difference in the world.

After all, not all types of damage may be readily apparent to you. And due to the intricacies of homeowner policies and flood damage policies offered in Florida and other hurricane-prone states, making sense of the benefits you’re owed after a flooding event could very well be near to impossible. An experienced Florida public adjuster, meanwhile, is specially trained to estimate the full reach of any damage, and to value your claim accurately. 

If you've experienced hurricane or flood damage to your New Jersey or Florida home or business, contact us immediately.

Remember, your insurance provider hires professional adjusters to protect their interests. You should do the same. 

Interstate Public Adjusters, LLC