Your home is usually your most valuable asset and protecting it with insurance is a necessity. However, homeowners insurance can be confusing and understanding the various components is important to make sure you are fully protected. Here are a few things to look at when shopping for an insurance policy: Replacement Vs. Actual Cash Value […]
Over the last 50 years, homeowners in Florida that needed a flood insurance policy had only one real options, purchasing coverage from the federal National Flood Insurance Program (NFIP). Florida residents were a big supporter of the NFIP, accounting for over a third of the policies being sold. However, due to changing flood maps, more […]
Winter often brings heavy snow and strong winds which can damage or even knock down trees. If a tree comes down and damages your house, your homeowners insurance will step up to cover the damage, regardless of whether it was your tree or it came from your neighbor’s yard. A standard homeowners policy will cover […]
North End of Palm Beach, Florida, aerial view of the inlet and what locals call Peanut Island, and the Port of Palm Beach If you live in South Florida and are not carrying flood insurance, you may be required to change that soon. The Federal Emergency Management Agency (FEMA) is currently changing flood maps for […]
According to a recent editorial on Yoursun.com, the legislation passed last year to bring assignment of benefits (AOB) lawsuits to end has not succeeded in bringing down homeowner insurance costs for Florida residents. In 2019, zero hurricanes came ashore. In fact, only Hurricane Dorian (which was a category 5) threatened the Sunshine State but ended […]
According to a recent editorial on Yoursun.com, the legislation passed last year to bring assignment of benefits (AOB) lawsuits to end has not succeeded in bringing down homeowner insurance costs for Florida residents. In 2019, zero hurricanes came ashore. In fact, only Hurricane Dorian (which was a category 5) threatened the Sunshine State but ended […]
Climate change has made weather events more frequent and severe over the last decade and that has made homeowner claims more common and expensive. Insurers have had to absorb the cost of these additional claims and end up passing those costs onto their customers via higher premiums. Unfortunately, many homeowners are finding themselves unprepared for […]
Homeowners in East Austin have seen flood issues become much more serious over the past decades, despite the fact that the city built a flood wall roughly 15 years ago. As climate change has warmed the atmosphere, storms have become more intense, releasing much higher rates of rainfall which has drastically increased the risk of […]
Homeowner insurance rates for many Florida homeowners will continue to rise next year, despite the fact that reforms were put in place last spring to help curtail Assignment of Benefits (AOB) lawsuits brought by contractors and their attorney partners. Unfortunately, instead of heading down, the number of lawsuits filed against insurance companies has actually increased […]
Windstorm insurance is not a required coverage in Georgia, but if you live on the coast, it is certainly an insurance you should consider. In many coastal areas your mortgage lender will require that you carry a windstorm policy to make sure your home (and their investment) is full protected. Windstorm policies are designed to […]