Hurricane Damage Claims

The damages caused by Hurricane Irma in Florida aren't only having a serious impact on homeowners whose properties have been damaged; reinsurers also noted significant losses as a result of the numerous claims resulting from the severe storm. In earnings reports...

Almost a year has passed since Hurricane Irma wreaked havoc in Florida, but many homes have still not been repaired. In Brevard, homes and businesses sustained losses of $157 million during the hurricane. People in the county submitted 45,458 insurance claims after...

According to industry experts, approximately 80 percent of U.S. homes are underinsured. That percentage is likely higher in Florida due to the area's hurricane risk. A representative from Arden Insurance in Lantana says that Florida homeowners frequently buy insurance...

At the end of July, President Donald Trump signed a four-month extension of the National Flood Insurance Program, a critically important support for Florida homeowners who have or will go through a hurricane season. The program was due to expire at midnight upon the...

If a homeowner in Florida is impacted by a hurricane, a homeowners insurance policy may cover some of the damage incurred in the storm. For instance, a claim may be approved if a tree branch falls through the roof and allows water to enter. However, if water entered...

Florida residents should know that homeowners insurance policies do not provide any type of flood insurance. It is also important to understand that it can be hard to define what a flood is because it can be caused by anything from poor drainage to the landfall of a...

Florida residents may have heard that forecasters are predicting an active tropical storm season. To protect themselves financially, it may be worthwhile to purchase hurricane and flood insurance. Flood insurance is required for a person who lives in a storm zone if...

Florida residents who experienced damage from Hurricane Irma may not have been able to get money from their insurance company because the amount of damage that they experienced didn't exceed the cost of their deductible. In some cases, FEMA has denied claims saying...

According to the Florida Office of Insurance Regulation, losses from Hurricane Irma are now at $9.7 billion. That is about $1 billion higher than in April, and there had also been more than 54,000 additional insurance claims since then. It was expected that insurance...

Hurricane Irma in 2017 reminded state residents of their vulnerability to devastating hurricanes. To prepare for the 2018 season, government officials, emergency management teams and insurance companies have urged people to get ready by stocking supplies, preparing an...