While homeowners insurance can be considered a necessary evil, it can also be a financial lifesaver if your home or possessions are destroyed by a storm or other covered peril. Homeowners coverage is a two way street, you trust the insurance company to pay out a claim if experience damage to your home and they […]
In 1886, a 7.3 magnitude earthquake hit Charleston, South Carolina causing massive damage to roads, buildings and homes. The earthquake killed 60 people and left the local water supply damaged, the shaking could be felt all up and down the eastern seaboard. Experts at the U.S. Geological Survey believe a similar event will occur soon. […]
The roof is one of the most functional and important parts of your home. It helps keep you safe, dry and out of the weather which is why making sure it is properly protected by your homeowners insurance is key. There are a few things you should know about roof coverage to make sure you […]
According to data from the Texas Windstorm Insurance Association (TWIA) and the Texas Fair Access to Insurance Requirements Plan (FAIR Plan) Hurricane Harvey resulted in 670,000 property insurance claims to private insurance companies. This number takes into account both personal and commercial properties. Breaking down the numbers even further found that roughly 354,000 of these […]
In 2017 there were seventeen named storms that ended up hitting the United States. These storms caused over $200 billion in damage, which makes it a record setting year and much of the damage was caused by flooding due to heavy rains that continued for days in some areas. While private insurance companies stepped up […]
A new report from the Florida Office of Insurance Regulation (OIR) says that the Assignment of Benefits (AOB) abuse that has been going on in Florida for several years is only getting worse. According to the most recent OIR data concerning homeowner claims that involved roof and water damage, the frequency of water claims per […]
There are few things worse than coming home to a room full of water thanks to a broken or leaking pipe. While your homeowners insurance policy will absolutely cover most sudden and unexpected water damage due to a plumbing malfunction or a broken pipe, if the damage occurred gradually due to a slow and constant […]
As the new year takes off, insurance companies do not seem confident that Florida lawmakers will be able to pass legislation that will help fight insurance fraud, which is currently the insurance industry’s most important issue. So far a solution to the problem has eluded Florida lawmakers mainly because insurance companies and trial lawyer groups […]
It turns out that filing an insurance claim in Florida related to Irma is the easy part for many homeowners. Getting an adjuster to sign off on the final costs and locating a contractor to make the actual repairs is much harder. According to a recent article in the Sun Sentinel, one homeowner in Miami […]
The state of Florida will receive $615.9 million in assistance from the federal government to help the areas that were hit hard by Hurricane Irma recover. The money has been earmarked to assist residents with housing, business losses as well as damaged or destroyed infrastructure such as bridges, sidewalks and roads. However, these federal funds […]