After Hurricane Ian, Florida real estate took a huge hit. With multiple communities literally underwater and the entirety of Southwest Florida facing pricey home repairs, Florida went from being the Sunshine State to the “do we have enough insurance?” state overnight. And with more and more natural disasters taking shape across the US, how can homeowners, landlords, and renters prepare for what mother nature is throwing at us?

Thanks to both heavy state and federal funding, Florida is well on its way to a successful recovery, but how did this happen? To learn more about the ins and outs of disaster recovery, we brought on Jeremy Edwards, Press Secretary at FEMA (Federal Emergency Management Agency), to share what the federal government is doing to aid in building back communities. Jeremy touches on storm tracking, pre-disaster preparedness, flood insurance coverage, and temporary housing programs landlords can use to help affected areas.

We also take a detour to talk about the rising insurance costs in disaster-prone areas like the Gulf Coast and the flood mitigation assistance grants that FEMA has set up for local governments to lower their chances of a devastating event. Jeremy also talks about what private homeowners can do if they don’t have enough insurance coverage, and how they can build back better so their own homes are protected when disaster strikes.

Read More About Substantial Damage Determinations Here.

In This Episode We Cover

The financial impact that Hurricane Ian had on the state of Florida

Rising home insurance rates and how the government is stepping in to help

Why investors are still buying in areas that are highly impacted by hurricanes

Flood insurance and FEMA’s assistance to homeowners that need more coverage

Temporary housing assistance and how landlords can help those in need

Hurricane, wildfire, and other disaster prevention that could save you tens of thousands

The timeline for a full recovery in heavily affected hurricane areas

And So Much More!

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Read More About Substantial Damage Determinations Here

National Risk Index

ClimRR

Fema’s: Individual Assistance Line: 1-800-621-FEMA (1-800-621-3362)

Disaster Assistance

Ready

Listo

FEMA App

Connect with Jeremy:

Jeremy's LinkedIn

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-59

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59: FEMA, Floods, and Florida Real Estate After Hurricane Ian w/Jeremy Edwards 49:21 Share

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Shownotes Transcript

59: FEMA, Floods, and Florida Real Estate After Hurricane Ian w/Jeremy Edwards