However, this was a big problem because the government sponsored insurance only covered $100,000 for contents.
Most of their possessions and home furnishings were completely ruined and when they added up all the losses, it came to about $175,000. This caused a great deal of flash flooding in the area.ĭuring the storm, water entered their home and created an enormous amount of damage. This was not too unusual, except it had been an unusually wet spring and when the rains came, they fell upon saturated ground. However, neither Jerry nor Karen knew about the limits of state run insurance policies and this turned out to be a terrible oversight.īoca Raton and many other parts of South Florida received torrential downpours. Karen and Jerry knew about the importance of flood protection and they had a policy through FEMA. In addition, the home was lavishly furnished with antiques and collectibles.
This included a large deck on the back of the house. They bought an older dwelling and over the years upgraded and changed things to have it just the way they wanted. Jerry and Karen owned a beautiful home in Boca Raton. Let's look at an example story which demonstrates the importance knowing your insurance policy limits. It's also important to be aware of the deductibles and limits on coverage. If you have this kind of insurance you are protected against floods, but you must know what is covered and what is not. NFIP stands for National Flood Insurance Program, and it was designed to provide affordable insurance to people in the US. National flood coverage has been available since 1968 when the NFIP program was initiated. The state of Florida is like an island and in times of heavy rains or storms, just about everywhere is subject to floods, and this is especially true with South Florida and places like Coral Gables, Naples, Marco Island, and Miami.
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