In September 2017, Hurricane Irma caused billions of dollars in damage throughout Florida and other areas of the South. Nearly a year after the hurricane hit, some people are continuing to have damage claims paid by their insurers. In one case, a homeowner filed a...
Month: August 2018
Hurricane damage claims affect insurance industry
The damages caused by Hurricane Irma in Florida aren't only having a serious impact on homeowners whose properties have been damaged; reinsurers also noted significant losses as a result of the numerous claims resulting from the severe storm. In earnings reports...
Almost a year later, damage remains after Hurricane Irma
Almost a year has passed since Hurricane Irma wreaked havoc in Florida, but many homes have still not been repaired. In Brevard, homes and businesses sustained losses of $157 million during the hurricane. People in the county submitted 45,458 insurance claims after...
Many Florida homeowners are underinsured
According to industry experts, approximately 80 percent of U.S. homes are underinsured. That percentage is likely higher in Florida due to the area's hurricane risk. A representative from Arden Insurance in Lantana says that Florida homeowners frequently buy insurance...
Federal flood insurance program receives last-minute renewal
At the end of July, President Donald Trump signed a four-month extension of the National Flood Insurance Program, a critically important support for Florida homeowners who have or will go through a hurricane season. The program was due to expire at midnight upon the...
Don’t wait to begin your weather damage repairs
Here in Florida, all of us face the very real possibility that a severe weather event may destroy, or at least significantly damage, our homes. If you are a homeowner in Florida, you understand that maintaining a strong grasp on your homeowner's insurance policy is...