Most Florida homeowners would carry homeowners insurance even if it was not mandated by the terms of the mortgage loan on the property. After all, the family home is typically the single most valuable asset owned, and repairs for any damage to the home or liability...
Homeowner Claims
Florida homeowners face thousands of cancelled insurance policies
Florida homeowners have been dropped in large numbers by local insurance companies as many fear that premium rates will jump up in the year to come. Insurers shed around 87,000 policies in 2018, leaving many homeowners looking for new insurance to cover the gaps....
An inaccurate W-9 can delay property insurance payments
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...
How to get ready to file insurance claims following a hurricane
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...
What homeowners insurance will likely cover
Homeowners insurance can help those who have been impacted by a natural disaster make up for some financial losses. However, Florida residents may not necessarily be covered for all disasters, even if they have a homeowners insurance policy. A Consumer Reports survey...
The importance of hurricane insurance
Hurricanes can cause cost cities and states billions of dollars, and homeowners can lose their entire real estate investment. With these storms expected to get stronger as time goes on, it's become more important than ever to get insurance coverage. While regular...
Now is the time to review insurance policies
Homeowners in Florida should be sure to check their insurance policies ahead of the hurricane season. In most cases, flood insurance policies don't take effect for 30 days after they are purchased. Homeowners and renters insurance policies generally don't cover damage...
Almost $23.4 million recovered for consumers in Florida
Whether it is because of hurricanes or other issues, many Floridians are forced to submit claims to their insurance companies every year. Unfortunately, some insurance companies try to avoid paying valid claims that are presented to them. According to the Florida...