The Basics of Flood Insurance

J.P. Gonzalez-Sirgo
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Founder of J.P. Gonzalez-Sirgo, P.A.

The bulk of flood insurance policies are issued pursuant to the federal flood insurance program.  Most flood insurance policies are issued through the federal “write your own” policy programs.  There are strict requirements that policyholders need to satisfy to recover compensation for their property damage under such a policy, including strict deadlines for filing proofs of loss and filing a lawsuit.  Flood insurance policies offer fairly limited coverage, which typically includes limited replacement coverage for structural damage and actual cash value for personal property.  This coverage is far more limited than under a standard homeowners insurance policy.  Along with more limited coverage, your rights also are more limited under write your own flood policies because litigation over coverage disputes must be pursued in federal court where an insured will not have the right to a jury trial and usually there is no right to recover your attorney's fees from the flood insurance carrier.

You can reach Miami Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at [email protected].

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