More than 18,000 insurance claims filed over property damage caused by Hurricane Michael last October have yet to be settled, according to Florida Insurance Commissioner David Altmaier. The information was disclosed during a Senate Banking and Insurance Committee...
Month: September 2019
Watch out for bad faith claims after a hurricane
You knew that a hurricane was on its way, and it was clear that all the steps you could take to prevent your home from being damaged weren't likely to be enough. The winds were strong, the rain was harsh and the damage that resulted was devastating. After the winds...
Many homeowners lack flood insurance
Many Florida homeowners have dropped their flood insurance policies, despite continuing to face serious risks from hurricanes and other storms that could lead to significant floods. Tens of thousands of people could be at risk of financial devastation in case a...
Hurricane costs for insurers could lead to higher premiums
UBS analysts studying the damage and expected damage of Hurricane Dorian predicted that insurers would have to raise their prices in Florida and elsewhere. Estimates for damages arising from natural catastrophes in 2019 reached $70 billion. Analysts anticipate that...
Understanding hurricane damage claims and what is covered
Florida is a pleasant place to live due to the warm and agreeable climate, but its location leaves it vulnerable to hurricanes. Being victimized by a hurricane can result in property damage. Residents of the state should be aware of many factors involved with the...