Most homeowners in Florida are aware of the potential for hailstorm damage, especially during the summer months when storms that can produce frozen rain are more likely to occur. But something odd happened in 2008: That year, nationwide hail-related losses passed the...
Month: June 2019
Damaged home? Start repairs and then make your claim
You recently suffered damage to your home during one of the major storms that passed through. You called your insurance company about the damage, but they seem to be giving you the run around. You would continue to wait for them to give you a payment to fix your home,...
Insurance law changed to curb assignment of benefits practice
Lawmakers in Florida approved a plan designed to restructure and lessen the importance of assignment of benefits, a common practice in the state's insurance industry. The Citizens Property Insurance Corp., which is backed by the state, faces thousands of lawsuits...
New Florida initiative provides hurricane preparations
In order to help residents prepare for the next major hurricane that will inevitably make landfall, the Florida Chief Financial Officer started the Prepare Florida initiative. Even in a state where hurricanes make landfall somewhat regularly, many homeowners and other...
Congress extends flood insurance program
Florida homeowners have found some temporary relief after the House of Representatives approved a two-week extension of the federal flood insurance program on May 30. This comes after the Senate approved the extension by voice vote the week before. While this vote...
Understand the Saffir-Simpson Hurricane Wind Scale
Since you live in an area prone to hurricanes, it's essential that you understand them and the quality of materials that have to be used on your home in Miami to make it safe. To start with, you should get to know the categories of hurricanes. The Saffir-Simpson...