The state’s insurers have sufficient reinsurance capital to weather Hurricanes Milton, Helene and Debby and another Milton-sized storm this year.
The back-to-back hurricanes that swept across parts of Florida have caused billions in damages, according to the latest insurance estimates.
A community on the Gulf Coast with homes built to withstand Category 5 hurricanes fared well in back-to-back hurricanes and could be a protype for the state.
Homes built to newer elevated construction standards fared better than older structures after the past two hurricanes.
Homeowners, renters and small businesses in Florida counties hit by Hurricane Milton can now apply for FEMA aid and state bridge loans for disaster recovery.
Insurers will include limited water damage coverage in policies taken over from Citizens this fall due to new state regulations requiring comparable protection.
Realtors and residents affected by Hurricanes Milton and Helene can apply for financial assistance and programs that offer aid for damaged homes and offices.
Information is available that will help Realtors protect their businesses and customers including infographics that address immediate needs.
The storm is expected to weaken before it makes landfall, likely in the Tampa area on Wednesday. It could grow in size before moving across the state.
Fla. Office of Insurance Regulation: With 84,400 claims filed, the state’s estimated insured losses from Hurricane Helene totaled $835,853,221 on Oct. 3.
