If you notice that your windows are bowing, then there is an immediate need to find out the cause. Whether it's a natural disaster like high winds or a torrential downpour, bowing can be a sign that your windows have been damaged.
The Tax Cuts and Jobs Act changed the tax treatment of property damage caused by floods and other natural disasters. Florida residents may only be able to claim a deduction for damage that occurs during a federally recognized disaster. Hurricanes and other tropical storms can cause damage throughout a large portion of the country. In July 2019, Hurricane Barry made landfall in Louisiana but caused flooding in portions of New York state.
Florida residents who own homes that sustained damage during Hurricane Irma are getting close to the time when they will need to file an insurance claim if they want help funding recovery costs. They have three years from the time a hurricane makes landfall to notify their insurers about claims related to damage or loss. Irma made landfall on Sept. 10, 2017, so home and property owners have just a little over a year left to file their claim.
Florida residents may not be ready for the financial losses a natural disaster such as a hurricane could cause. In 2018, they caused $160 billion in damage throughout the country. According to the National Oceanic and Atmospheric Administration (NOAA), there have been nine weather events that have caused over $1 billion in damages through July 2019. NOAA predicts that there could be up to 15 named tropical storms in 2019.
The Florida Keys will receive a new influx of funds to help the islands recover from Hurricane Irma. According to Gov. Ron DeSantis, the Keys will receive $21 million to help deal with hurricane damage and an additional $35 million investment in affordable housing. The state's Department of Emergency Management is providing the funds to reimburse Monroe County's expenses from the September 2017 hurricane when it spent millions on repairing damage, removing debris and taking emergency measures to protect other facilities.