Earning income through rental properties is exciting, but it also comes with risks. One such risk is the possibility of a tenant causing significant damage to the property, which can be costly to repair and may disrupt the income stream from the investment. For...
Month: June 2023
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What the Insurer Accountability Act means for Florida’s policyholders
Hurricane Ian broke all sorts of records when it made landfall in Florida late last year. Considered the third-costliest weather event on record, it led to $113 billion in damages. Of that total, $109.5 billion was for damages in Florida alone. Insurance companies...
The issue with underinsured homes
Florida is no stranger to hurricanes and the risks they bring. This is why many homeowners in the state purchase insurance in anticipation of any storm-related damage to their properties. But even with insurance in place, homeowners may be at risk of underinsurance,...