According to a recent survey by the FAIR Foundation, the majority of Floridians are still not prepared for the 2018 hurricane season. The survey found that while over three-quarters of Floridians expressed concern about potential hurricanes this season only half have reviewed their homeowner insurance policies to make sure they are properly protected. The survey […]
Hurricane season is here and if you don’t have a flood insurance policy in place, you may want to consider one. Flood damage is not covered by a standard homeowners policy and the majority of hurricanes bring severe flood damage with them when they come ashore. In the past, the majority of flood insurance policies […]
Florida’s Citizens Property Insurance Corp is waiting until December to set its 2019 insurance rates and decide whether it will approve a 7.9 percent statewide increase for homeowners insurance. It was decided to postpone the increase at a recent Board of Governors meeting. Florida Citizens decided to defer the decision to allow time to review […]
According to data from the Insurance Information Institute (III), 16 insurers went bankrupt after Hurricane Andrew hit Florida in 1992 as claims overwhelmed smaller insurance companies. Since then, the Florida Insurance Guaranty Association has backed Florida insurers, but if your insurance company goes under it can lead to major delays in the claim process. A […]
A recent report from The Information, a technology centered website, found that Amazon may be getting into the home insurance market. While it seems like a long-shot and the report concluded that Amazon currently has no plans to start offering homeowners insurance, the mere prospect of the e-commence giant joining the industry sent the stocks […]
The foundation is one of the most important components of your home. It is the base layer that the rest of the house sits on and if it is compromised it can lead to a dangerous situation and an expensive repair. Unfortunately, in many cases, the most common causes of foundation damage are not covered […]
A recent report from Javelin Strategy & Research found that in 2017 there were 16.7 million victims of identity fraud. Identity thieves managed to steal roughly $16.8 billion and almost 30 percent of U.S. consumers were notified of a data breach. Identity theft can wreak havoc on your credit rating and finances. It can take […]
When shopping for a homeowners insurance policy you may be asked whether you want an actual cash value or replacement value policy. Many homeowners are unaware of the difference in these types of policies and that confusion can result in a costly mistake. We thought it might be a good idea to have a look […]
Homeowners insurance covers a lot of perils, most of which are fairly common and well known. Your policy will definitely step up if your home is damaged during a storm, burns down or suffers hail damage but it also covers a variety of damages that many homeowners do not know about. Here is a quick […]
As the National Weather Service kicks off Hurricane Preparedness Week (May 6–12), a new study found that over half of homeowners in Florida fail to take the recommended precautions to protect their homes against hurricane damage. The survey asked Sunshine State residents how they prepare their home for hurricane season. Unfortunately, less than one in […]