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Florida Law Makes It Easier to Understand Flood Coverage

Happy New Year! With the arrival of 2019, a host of new Florida laws have gone into effect this week. For our purposes, we’re concerned about homeowners insurance and sure enough, a new law makes a highly important stipulation worth being aware of.

HB 1011 is now law and it makes a crucial note when it comes to residential property insurance and flood insurance. The law states that if the homeowner does not purchase flood insurance separately via the National Flood Insurance Program or an authorized Florida flood insurer, then any damage due to flood will not be covered.

A common problem homeowners have faced in the past is purchasing an insurance policy only to realize that the pricey premium they may be paying does not automatically include coverage for flood. In fact, the majority of insurance companies do not provide this type of coverage. For homeowners that are not legally required to have flood insurance coverage, they may not realize it until it’s too late.

With the new Florida laws, insurance policies will be required to make it clear that flood damage is not covered, which may go a long way in reducing unwanted—and potentially costly—surprises.

This information is provided by Miami insurance attorney Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys or an insurance lawyer Miami and receive a free consultation We look forward to working with you.

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.