Property insurance, a cornerstone of risk management, provides financial protection against unforeseen events that could damage or destroy real estate. It encompasses various types of coverage, from homeowners’ insurance for individuals to commercial property...
Homeowner Claims
Should you stay in a house with fire and smoke damage?
A house fire does not always mean the complete loss of property. If only a portion of your home caught fire, you might be contemplating whether it is safe to continue using the rest of the house. However, lingering effects from fire and smoke damage can pose health...
How does the age of your roof affect your claim?
Roof fires can occur due to various factors like lightning, wildfires, or electrical issues, each causing different types of damage. Insurance coverage for such damages varies. While insurers usually cover natural disasters like lightning or wildfires, they may...
Does homeowners insurance cover all plumbing issues in Florida?
A standard homeowners insurance protects a homeowner's financial interest if their home is damaged by a threat named in their policy. HO-2 policies in Florida generally cover water damage, but this may change depending on the circumstances that led to the damage. Here...
When does pre-existing damages become a reason for claims denial?
Many homeowners have met a common issue: the denial or reduced payouts for their homeowners' insurance claims due to "pre-existing damage." This is a common situation that affects a substantial number of property owners in the state. Insurance companies often argue...
How new legislation affects insurance claims with Citizens, FIGA
Hurricanes in recent years have devastated both Florida homes and the insurance companies covering them. Several insurers have even gone insolvent trying to pay for claims because of the billions of dollars in damages caused by these storms. And because insurers went...
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...
Dealing with the aftermath of a house fire
The entire experience of witnessing a house fire is terrifying enough. Imagine if it was your house. Your property and personal belongings burn while you stand powerless, unable to move until the unforgiving flames devour your home and the memories within....
Why do insurers have difficulty covering old roofing?
With the Atlantic hurricane season fast approaching, many Florida homeowners are concerned that their properties will once more be at the mercy of tropical storms. Since 1851, about 120 hurricanes have battered Florida – the most recorded hurricanes in any U.S. state....
Understanding fire damage coverage in homeowner’s insurance
A fire can cause devastating damage to a home, leaving homeowners with extensive repair costs and emotional distress. It is essential to understand whether your homeowner's insurance policy covers fire damage and to what extent. In this article, we will discuss how...