Florida Homes Outgrew the NFIP Cap — Excess Flood Is How You Catch Up
Florida has more NFIP policies than any other state — and more homes whose value quietly outgrew what those policies can pay. The program’s residential building limit has been $250,000 since 1994. Construction costs in coastal Florida have multiplied since then. The result: a state full of homeowners who are insured, but not enough. What…