![]() If you are located closer to the coast, your biggest concern should be storm surge. However, depending on where your home is located the risks are different. Know Your Risk – If you live in a state that has experienced hurricanes in the past, you are at risk of being impacted by one in the future. We have some tips to help you keep your family and home stay protected this hurricane season. The best thing you can do if you are in a hurricane risk area is to always be prepared for these storms and the flooding they can bring. Unfortunately, tropical storms can also be unpredictable and their path, intensity, and possible damages are hard to determine ahead of time. Hurricane season is upon us and with these storms comes the threat of flooding. Serving Port Charlotte, Punta Gorda, Cape Coral and Fort Myers Florida. Get you homeowners insurance, flood insurance and auto insurance from Jones Family Insurance. Florida Citizens had 346,227 policies as of March 31, 2020.Citizens was the state’s fourth leading homeowners insurer in 2018, with a market share of 5.11 percent, down from 9.1 percent in 2014.Direct homeowners insurance premiums in Florida written by Citizens was $490.9 million in 2018 down from $795 million in 2014.provides multiperil and wind-only insurance coverage to Florida homeowners, commercial residential and commercial business property owners. Florida Citizens Property Insurance Corp.As a result, Florida Citizens has evolved from a market of last resort to the state’s largest property insurer. After its establishment in 2002, when the state passed legislation combining two separate high-risk insurance pools known as the Florida Windstorm Underwriting Association and the Florida Residential Property & Casualty Joint Underwriting Association, Citizens Property Insurance Corp. ![]() These homes would cost $581 billion to completely rebuild, including labor and materials. In Florida, 2.9 million single-family homes were at risk in 2020 for storm surge damage from hurricanes up to Category 5 strength, according to CoreLogic, Inc.The number of people living in coastal areas in Florida increased by 4.2 million, or 27 percent, from 15.6 million in 2000 to 19.8 million in 2015, according to the U.S. About 98 percent of the total population of Florida lives in one of the coastal counties.Florida leads the nation in the number of flood policies, according to the National Flood Insurance Program, with about 1.8 million policies in force in 2019.Flood insurance is covered by the federally managed National Flood Insurance Program, but private flood insurance is becoming increasingly available. Standard homeowners policies typically do not cover flood damage.It caused $25.9 billion in damage to Florida and Louisiana (in 2019 dollars). The costliest hurricane, based on insured property losses to Florida, was 1992’s Hurricane Andrew.Three of these storms occurred within just two years: 20. Six of the 10 costliest hurricanes in U.S.Fact file: Florida hurricane insurance November 2020
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