Hurricane Irma has placed flooding firmly back on the agenda for Florida. Irma did affect the entire state and flooding was widespread, affecting areas from Brickell in Miami’s financial district, to the northern counties. With dire storm surge forecasts predicted for the Gulf Coast, a new storm surge record was set in Jacksonville, but places such as Tampa, St. Petersburg, Naples, and Fort Myers experienced shallower flood depths than the predictions.
Florida homeowners are more aware of flood risk than most — and are well versed in buying flood insurance. For those who live in high-risk flood areas and have a mortgage from a federally regulated or insured lender, it is a mandatory requirement to purchase flood insurance from either the National Flood Insurance Program (NFIP) or alternatively through a private flood insurer.