TELL US: Do you have flood insurance? Why or why not?

Homes are surrounded by flood waters caused by Hurricane Ian, Thursday, Sept. 29, 2022, in Fort Myers, Fla. (AP Photo/Marta Lavandier) (Marta Lavandier, Copyright 2022 The Associated Press. All Rights Reserved.)

Many Florida homeowners are dealing with flood damage and destruction after Hurricane Ian hit, and many do not have insurance to help them rebuild. Early estimates for residential and commercial losses from Ian range from $30-$60 billion.

And while Southwest Florida was hit the hardest, many parts of Central Florida and Northeast Florida experienced damaging flooding. According to the Insurance Information Institute, less than one in five of Florida’s ten million homes has flood insurance.

There is no coverage for flooding in standard homeowners or renters policies, or in most commercial property insurance policies. Coverage is available as a separate policy. The typical flood insurance policy runs around $700 a year, while the average claims payout tops $50,000, according to the most recent data from FEMA.

So, we want to know, do you have flood insurance? Why or why not? Share your answer in the form below and it may be read on a newscast on Channel 4.

About the Author:

Marilyn has been Digital Director since October 2021. She supervises Jacksonville's number one news website and most trusted source for local news.