Only 22% of Floridians have flood protection. Most new policies have a thirty-day wait with exceptions for new gross sales, but entrepreneurs who should renew have a one hundred twenty-day grace period.
ORLANDO, Fla. – With hurricane period on the horizon the time is now to prepare.
Among a homeowner’s preparation checklist is generating guaranteed they have flood insurance coverage before the following storm arrives, but in accordance to the Federal Unexpected emergency Management Administration (FEMA), most Floridians don’t have flood insurance coverage.
In fact, FEMA reviews about 22% of Floridian house owners in 2017 had flood insurance coverage, which is a different coverage from other protection policies.
If you are aspect of that small team, FEMA has extended its thirty-day grace period of coverage renewals by up to one hundred twenty days until June 15 to support coverage holders acquiring ready whilst also dealing with the COVID-19 outbreak.