This paper describes the study of a floating offshore wind turbine (FOWT) blade in terms of its dynamic response due to structural damage and its repercussions on structural health monitoring (SHM) systems. Using a finite element model, natural frequencies and mode shapes were derived for both an undamaged and a damaged blade configuration. A 35% reduction in stiffness at node 1 was applied in order to simulate significant damage. Concretely, the results are that the intact blade has a fundamental frequency of 0.16 Hz, and this does not change when damaged, while higher modes exhibit frequency changes: mode 2 drops from 2.05 Hz to 2.00 Hz and mode 3 from 6.15 Hz to 6.01 Hz. The shifts show a critical loss in the capability of handling vibrational energy due to the damage; higher modes (4, 5, and 6) show larger frequency deviations going down to as low as 18.06 Hz in mode 6. The mode shape change is considerable for the edge-wise and flap-wise deflection of the 2D contour plots, indicating possible coupling effects between modes. These results indicate that lower modes are sensitive to stiffness reductions, and the continuous monitoring of the lower harmonic modes early is required to detect damages. These studies have helped to improve blade design, maintenance, and operational safety for FOWT systems.