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!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
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Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
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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