Gunn Law Blog

Insurance Policy Holders Beware, Hurricane Deductibles DO NOT Apply to Fay

As of August 22, 2008, Tropical Storm Fay is not a hurricane and the higher deductible associated with homeowner insurance policies in Florida does not apply. Review your policy for the "all other perils deductibles." When presenting a claim to your insurance carrier, be sure to confirm that they agree that the proper deductible applies. Visit the Office of Insurance Regulation website at www.floir.com to find out more about hurricane deductibles.

Fay is a good example of why all homeowners should consider buying flood insurance, even if you do not live near water or in a defined flood zone. Inland rains of over 20 inches in various Florida counties are causing catastrophic floods far from any river or coastal area. Flood damage is typically not covered by a standard homeowner's policy. Flood coverage is afforded by the National Flood Insurance Program and remains one of the more affordable coverages in the market. Find out more at: www.floodsmart.gov . There is still time to purchase flood insurance this season; however, keep in mind that in most cases there is a 30 day waiting period before flood coverage takes effect.

Best Regards,
Lee D. Gunn IV
Gunn Law Group, P.A.
Tampa, Florida 

Tropical Storm Fay Far From Done

The 2008 Hurricane Season is now a reality. TS Fay has brought torrential rains and associated flooding to much of south and central Florida and her work is far from done.

Please stay safe. Even though this storm does not have high winds or surge, it can still be dangerous. As the video of the kite boarder shows a storm like Fay is not to be taken lightly. Wind gusts and undertow can make beach activities unpredictably dangerous. Be cautious when encountering street flooding.

This storm will likely cause most of its damage with flooding. Be sure to have your homeowners and property insurance policies in a safe place. Remember that flood policies have especially critical time limitations for presenting claims. FEMA has a new website for flood policy information: www.floodsmart.gov .

Kind Regard
Lee D. Gunn IV
Gunn Law Group, P.A.
Tampa, Florida