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In 2018, homeowners insurance rates in Florida went up by as much as 15 percent. In the aftermath of hurricanes Florence and Micheal, rates are set to go up again by as much as 20 percent. This may be true whether a person lived in an area impacted by a hurricane or...
After a storm hits, people tend to look for obvious signs of structural damage in their home. There are many signs that something is amiss that might not be noticeable right away. Keeping an eye out for these can help you to catch problems before they advance. Many of...
Although Floridians are just beginning to calculate the damages caused by Hurricane Michael, insurance industry analysts have reported that insurers in the state will be able to survive the heavy hit. Michael landed in the less densely populated Panhandle, and the...
The delay in receiving insurance proceeds for a property damage claim can be an extremely frustrating experience. The homeowner wants repairs made, and the insurance company wants to make sure it is paying the correct party. As people in Florida have found out, a...
Florida homeowners facing damage from Hurricane Irma may also be struggling with their insurance companies. Unfortunately, some insurers might delay or deny payment for a legitimate claim. In some cases, this denial violates the terms in the company's own insurance...
The CFO of Citizens Property Insurance has said the insurer is incredibly strong financially despite handling more than 70,000 claims related to Hurricane Irma, which hit Florida during September 2017. In total, the company has sustained losses in the amount of $1.81...
One of the best things that a homeowner can do is to purchase insurance on their investment. Not only does it protect the structure, the policy can offer a lot of other benefits and coverages. It is imperative that anyone with this type of insurance knows some basic...
According to the Florida Department of Economic Opportunity, some hurricane assistance is available to residents whose homes were damaged by 2017's Hurricane Irma. The $616 million program is making funds available to low-income residents in specified counties. The...
An emergency declaration issued by Gov. Rick Scott after Hurricane Irma allowed insurance companies to lower their hiring standards for insurance adjusters. The loosened regulations were meant to speed up the evaluation of hurricane damage and claims processing. One...
When a hurricane strikes in Florida or any other state, it could cause major property damage. To be reimbursed for a portion or all of the cost of the damage, it may be necessary to file an insurance claim. Prior to a hurricane making landfall, residents in its path...