Ahead of Invest 90L’s potential impact, Chief Financial Officer (CFO) Jimmy Patronis stresses the importance of understanding insurance coverage and financial preparedness. As Floridians finalize their preparations, CFO Patronis reminds Floridians to include copies of insurance policies in your 2018 Hurricane Season disaster kits and to call the CFO’s Insurance Helpline for assistance with insurance-related questions or concerns.
“Invest 90L is capable of creating catastrophic flooding, and it is crucial for consumers to understand their insurance coverage as they prepare,” said CFO Patronis. “Insurance can be a complicated issue, and it’s easily misunderstood. Our team is standing by to take their calls.”
If possible, Floridians should complete the following as soon as possible:
Update your inventory – Take photos or video of high-value belongings, gather receipts and write down purchase dates (if known) and serial numbers.
Minimize losses – If it is safe to do so, take simple steps to secure your home or property. Prepare sand bags and secure any leaks or areas of your home where tropical rains or sitting water could be problematic.
Follow – Follow your insurance company on social media for important storm-related information. Also, save your insurance company’s or agent’s phone number along with your financial institution and mortgage company’s contact information for ease of filing future claims.
All homeowner’s insurance policies contain limitations and exclusions. You may need a separate policy for windstorm or flood if these coverages are not included in your homeowner’s policy. It is important to review your policy to understand your coverages and exclusions. While every insurance policy is different, some homeowner’s insurance policies may not cover flood damage.
Floridians with any insurance-related questions or concerns are encouraged to contact CFO Patronis’ Consumer Helpline by calling 1-877-MY-FL-CFO (1-877-693-5236).