If your property is part of a homeowner’s or condo owners association, you may find that its insurance coverage is highly complex. The fine print that exists in an insurance policy may result in delays or denials in financial recovery should a claim be submitted by the HOA, simply because it’s simpler and less expensive…Continued
Flooding can quickly damage your home and belongings and since we’re still in hurricane season, it’s worth reminding and reinforcing to homeowners that floods are typically not covered in most insurance policies. Though some homeowners’ insurance policies will provide coverage if, for example, a pipe were to burst inside of the home, flooding due…Continued
While many of us view pets are four-legged members of the family, it’s worth remembering that these are animals which, if scared or agitated, can become aggressive and possibly bite someone. With the holiday season just around the corner, you’re probably going to have more people over; make sure you’re protecting yourself from…Continued
Hurricane Dorian has come and gone, yet some recent news reveals something potentially alarming. According to an analysis, over thirty percent of homeowners in the storm’s path had chosen to cancel their flood insurance policy. Had the storm continued on its original path, this may have resulted in tens of thousands of people along the…Continued
With Florida’s subtropical climate, it is always susceptible to the possibility of tropical cyclones. With hurricane season in full swing, homeowners should be extra careful about making sure their roofs are being properly maintained. No matter if your roof is brand new or if it’s older, there are steps you can take to keep it…Continued
The summer season begins this Friday, which means many of us will be probably venturing off to another part of the country or the world to make the most of the season. Instead of constantly worrying about your home, some simple tips can give you some degree of peace of mind and help keep the…Continued
The positive momentum generated from AOB reform may be extending to the insurance industry. State Farm is making headlines after announcing it has reduced homeowners insurance rates by just over fourteen percent for Florida homeowners. The news comes as a refreshing change of pace where it had become common for homeowners to see their rates…Continued
After several years of efforts that ultimately went nowhere, Florida legislators have finally given the green light to a bill aimed at reforming property insurance and tackling the longtime issue of assignment of benefits (AOB). AOB has been cited on more than one occasion as a major reason for the massive spike in insurance…Continued
In another example of assignment of benefits (AOB) abuse, the owner of a Florida restoration contracting company was placed under arrest after allegedly stealing thousands of dollars from consumers that had signed over their AOB benefits to him. The owner and his staff are being accused of allegedly forging customer signatures on construction documents and…Continued
Last year, Citizens Property Insurance Corp. made headlines when it implemented a change that would cap coverage of non-weather-related water damage at $10,000 for policyholders who decide not to use the insurance company’s managed repair contractor network. This network consists of handpicked contractors that Citizens hopes will stem the common practice of contractors coercing policyholders…Continued
Living in South Florida, the last thing you would expect is to be dealing with a tornado, and yet that’s exactly what happened. Depending on where you live in South Florida, you may have received an emergency warning on your phone earlier this week. A severe thunderstorm resulted in the possibility of a tornado and…Continued
Happy New Year! With the arrival of 2019, a host of new Florida laws have gone into effect this week. For our purposes, we’re concerned about homeowners insurance and sure enough, a new law makes a highly important stipulation worth being aware of. HB 1011 is now law and it makes a crucial note when…Continued
The importance of hurricane preparedness has been stressed time and time again yet a recent study suggests more than half of Florida’s homeowners have yet to take the recommended steps to protect their homes against the potentially catastrophic impact of a storm. The survey asked Florida residents how they go about preparing their homes should…Continued
Are you a Citizens Property Insurance Corp. policyholder who filed a claim related to Hurricane Irma? If so, you may be interested in knowing that the last resort insurer recently decided to reopen more than thirty percent of its claims, according to a recent Insurance Journal article. The reason behind Citizens reopening its formerly closed…Continued
