Now, it s about elevation : Buying a South Florida home in the era of sea level rise Alex Harris and Rebecca San Juan, The Miami Herald
May 13 In South Florida, top considerations for choosing a new home have shifted, thanks to climate change. Before it was location, location, location. Now, it s about elevation, elevation, elevation. The new buyer has to worry about both, said George Jalil, broker and president at Miami Way Realty.
Sea level rise doesn t top the list of buyer or seller concerns in South Florida especially if you re rich enough to afford the ever-skyrocketing costs of waterfront property but for budget-conscious buyers, choosing the wrong home could have expensive consequences.
With hurricane season right around the corner, it is critical to check to make sure you have the appropriate insurance coverage. Experts at the Federal Alliance for Safe Homes (FLASH) say there are multiple questions to consider asking your insurance agent, including:
What coverages are appropriate for your living arrangement?
Who sells these coverages?
What perils (e.g. wind, flood, hail, etc.) are covered by the policy?
What is the proper amount of insurance to purchase?
Are there steps to lower your premium?
For example, a typical homeowners or renter s policy does not cover flood damage. Flood insurance is often available through the National Flood Insurance Program (NFIP). Florida and South Carolina, along with 17 other states, have hurricane deductibles that cover damage from wind. These deductibles often range from 1 to 5% of the dwelling s insured amount. Many homeowner s policies have deductibles around $500 before insurance kicks in, but in the event of a hurricane
Thursday, May 13, 2021 by Ray Hawthorne (FPREN)
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With hurricane season right around the corner, it is critical to check to make sure you have the appropriate insurance coverage. Experts at the Federal Alliance for Safe Homes (FLASH) say there are multiple questions to consider asking your insurance agent, including:
What coverages are appropriate for your living arrangement?
Who sells these coverages?
What perils (e.g. wind, flood, hail, etc.) are covered by the policy?
With hurricane season right around the corner, it is critical to check to make sure you have the appropriate insurance coverage. Experts at the Federal Alliance for Safe Homes (FLASH) say there are multiple questions to consider asking your insurance agent, including:
What coverages are appropriate for your living arrangement?
Who sells these coverages?
What perils (e.g. wind, flood, hail, etc.) are covered by the policy?
What is the proper amount of insurance to purchase?
Are there steps to lower your premium?
For example, a typical homeowners or renter s policy does not cover flood damage. Flood insurance is often available through the National Flood Insurance Program (NFIP). Florida and South Carolina, along with 17 other states, have hurricane deductibles that cover damage from wind. These deductibles often range from 1 to 5% of the dwelling s insured amount. Many homeowner s policies have deductibles around $500 before insurance kicks in, but in the event of a hurricane,