The government shutdown is leading to a host of problems. For one, numerous government employees are going without pay. Countless other federal services have also been put on something of an indefinite hiatus until the shutdown is resolved. In regards to insurance, this may also affect people that are seeking flood insurance.
Before we elaborate, it’s worth reminding readers and homeowners about some caveats regarding flood insurance. The majority of insurance companies will not provide coverage for a flood, at least here in the state of Florida. Generally, a homeowner must obtain this type of coverage separately. Depending on the home, its location, and a few other factors, homeowners may be required to have a flood insurance policy alongside their standard homeowners’ insurance policy.
With the federal shutdown, there is a temporary freeze in the issuance of federal flood insurance policies by the National Flood Insurance Program. Hence, homeowners may be forced to obtain coverage via a private insurer.
In just a few months, we will once again face another hurricane season and the past few years have shown that flooding can cause extensive damage to a home. Make sure you have the proper coverage in place before it is too late.
This information is provided by Miami insurance lawyer 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 a property insurance disputes Miami lawyer 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.