Rising Sea Levels , Flooding Property & Short Term Rentals

What’s happening? Miami Beach has determined the best way to preserve its transportation infrastructure is to elevate its roadways. Some property owners near elevated roadways are suing because floodwaters made their property unusable as short term rentals.

Why is this important? Property owners allege that repeated flooding will make the property inhabitable. The initial flooding has kept the properties from being listed as short term rentals.

How will this be important? Some property owners have seen formerly street level property, prior to roadway elevation, be reclassified as basement property and thus outside the purview of insurance policies.

Miami Herald via Governing | Miami Beach Lifts Roads Due to Sea Rise, Floods Nearby Homes