A recent survey of 1,000 U.S. homeowners, which was conducted by Hippo Insurance and SimpliSafe looked at how the pandemic was impacting homeowners across the country. It found that COVID-19 has had a dramatic impact on everyone’s life as well as the fact that homeowners are both anxious and paying closer attention to their homes then […]
Assignment of benefit (AOB) scandals have pushed up homeowner insurance prices in Florida over the last decade and have been a thorn in the side of Florida lawmakers as they have struggled to pass legislation that effectively deals with the scams. We thought it might be helpful to look at just how AOB scams work […]
As financial losses mount for insurance companies in Florida, many insurers are ordering more home inspections at both the beginning of a policy as well as at renewal time. Insurers are hoping to force homeowners to fix problems that may turn into a claim or to justify dumping homeowners whose property they consider risky. This […]
Despite the fact that the coronavirus pandemic is not going to damage or destroy your home like a tornado or hurricane it may have an impact on how you pay for the policy, coverage levels and how you make a claim. Here are just a few issues that may crop up with your homeowners or renter’s […]
Homeowner insurance rates for many Florida homeowners will continue to rise next year, despite the fact that reforms were put in place last spring to help curtail Assignment of Benefits (AOB) lawsuits brought by contractors and their attorney partners. Unfortunately, instead of heading down, the number of lawsuits filed against insurance companies has actually increased […]
If your home is on the market there is a very good chance your agent (or yourself if you are selling it by owner) will want to host an open house. This is a great way to show your home to potential buyers and hopefully drum up an interested buyer (or buyers) who makes an […]
Unfortunately, many homeowners never read their policies and are unaware of what is covered and even more importantly, what is not covered. The storm season is well under way and has already delivered some severe damage to numerous locations. When a severe storm hits, most homeowners want to know if their homeowners insurance policy will […]
View of homes along the coast of Kure Beach, North Carolina, USA: Wilmington, NC. Hurricane season is here, and North Carolina Insurance Commissioner is reminding homeowners that now is a great time to put a flood insurance policy in place. North Carolina Insurance Commissioner Mike Causey pointed out in a recent interview that when Hurricane […]
Miami-Dade State Attorney Katherine Fernandez Rundle has brought charges against nine people who allegedly organized a homeowners insurance scam. The yearlong investigation found numerous false and exacerbated water damage claims that cost insurance companies over $600,000. The arrests were made after a yearlong investigation named “Operation Rubicon.” The investigation included fraud detectives with the Florida […]
The Florida House passed an assignment of benefits reform bill on Thursday despite objections from contractors and the Restoration Association of Florida. The bill passed on a 96-20 vote on hopes that the changes will help keep insurance prices steady or even make them more affordable. However, the House and Senate have not been able […]