In the wake of damage caused by hurricanes that wreak havoc across the state of Florida, residents often sign over their insurance benefits to contractors while on the road to recovery. This practice can often lead to abuse according to many advocates. The state...
Hurricane Damage Claims
Homeowner’s insurance rates on the rise, according to study
Some Florida homeowners may feel like they've been paying higher insurance rates in recent years. According to a study by an online insurance quote website, this is exactly what has been happening across the nation over the past decade. The study shows that rates have...
Hurricane Michael continues to leave behind damage
Florida homeowners are continuing to suffer from the aftermath of Hurricane Michael, even six months after the storm hit the state with 155 mph winds. Forty-nine people were killed by the hurricane as it blew through 12 Florida counties, and the emotional and economic...
Damage from Irma still not fully repaired
In 2017, Hurricane Irma made landfall in the state of Florida. After more than a year, some homeowners are still waiting for their insurance companies to pay for damage that the storm did to their homes. One man says that his entire house needs to be gutted and...
Hurricane Michael industry loss estimates reach $11 billion
The Florida Panhandle suffered widespread devastation when Hurricane Michael made landfall Oct. 10, 2018. The Category 4 storm carried peak winds of 155 mph and produced a storm surge of more than 20 feet. In addition to flooding and wind damage that occurred in...
Insurance costs to rise because of climate change
One of the impacts of climate change could be that insurance will be too expensive for many people in Florida and throughout the country to afford. Climate change was cited as the reason why insurance companies lost $24 billion after wildfires burned portions of...
Federal aid helps Floridians recover from Hurricane Michael
The damages caused by Hurricane Michael continue to haunt people in Florida and cause significant damage to their pocketbooks. According to the Federal Emergency Management Agency, over $957 million in federal assistance has been provided to Florida as a result of the...
Couple turns to news channel to get insurance money
A couple in Florida claimed that their insurance company did not pay them enough to fix damage caused by Hurricane Irma in 2017. While they did eventually get the insurance company to increase its payout to $17,647, the couple says that the check still has not...
There shouldn’t a rush to replace the roof
A Florida roof that's over 15 years old could lead to an increase in homeowners' insurance. Furthermore, a homeowner could be denied a policy completely if a roof was installed 19 or more years ago. However, most roofing materials are designed to last for at least 30...
Florida homeowners may face higher premiums
Many Florida homeowners have suffered greatly as a result of hurricane damage in recent years. Now, they may face higher insurance rates as insurance companies cite unprecedented levels of growing losses after Hurricane Irma. In addition, industry experts said that...