Latest / Between Two Chairs - Demystifying Commercial Real Estate
The 50% Rule & Flood Insurance Lookback: What Florida Property Owners Need to Know
In this episode, we're diving deep into two crucial—and often confusing—topics impacting Florida property owners: Flood Insurance Lookback Periods and the 50% Rule.
Flooding can happen anywhere, not just in high-risk areas. According to FEMA, just one inch of floodwater can cause up to $25,000 in damage. That's why the National Flood Insurance Program (NFIP) exists—to provide separate flood insurance coverage for homes, businesses, and personal possessions. Administered by FEMA and delivered through over 50 insurance providers, the NFIP also works hand-in-hand with local communities to…
The skinny
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