Insurance can be a very wonderful thing if you experience a loss. Most people do not have the disposable income to handle a loss all on their own, which is why they have insurance. Insurance will pay for damages for you, so you can recoup whatever it is you lost. However, insurance is not a magic wand. It only covers the things specified in your policy. What you may not realize is that when it comes to your renter's or homeowner's insurance in Florida, you likely do not have flood insurance coverage.
If you are like most Floridians, you likely have several insurance policies, such as for your car, your home, etc. Naturally you expect your insurance carrier(s) to pay you up to your policy limits if you make a claim. You likewise expect your carrier(s) to defend you if someone sues you and to pay the person if (s)he wins the lawsuit, again up to the limits of your policy.