The Florida Association of Insurance and Financial Advisors (FAIFA) warned yesterday that homeowners, renters and businesses need to look into purchasing flood insurance before the hurricane season arrives.

Because there is a 30-day waiting period, "Floridians cannot wait until hurricanes are reported to purchase this coverage," warned Bob Lotane, spokesman for Tallahassee-based FAIFA. "That is way too late. They need to take time now to consider whether to protect themselves."

FAIFA noted that many policyholders assume their policy will cover flood losses, but in fact a separate policy must be purchased through the National Flood Insurance Program (NFIP), which can be provided by local insurance agents and is affordable.

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