Since Hurricane Irma, we have received a number of questions regarding homeowners insurance and what is covered. We thought this week we would look at the question of who pays for damage to the outside of a condominium building and whose insurance covers any damage done to the interior of a unit. This issue came […]
Hurricane Irma and Harvey have done billions of dollars in damage and if your home was uninsured when the storm hit, you will be on the hook for the cost of rebuilding. In the days leading up to the storms hitting, most insurers stopped writing homeowner and car insurance polices in the areas most likely […]
Hurricane Harvey has done a massive amount of damage, in fact it is too early to even get a sense of the total costs of this hurricane. Adding insult to injury is the fact that Hurricane Irma is now bearing down on the Florida Keys and parts of mainland Florida. If your home is located […]
In October, roughly 50,000 Palm Beach County properties will be reclassified as either touching or being in a flood zone, which could dramatically change the cost of their homeowners insurance. However, a new map that was made available this week on a county website is leaving many homeowners confused and unsure about where their property […]
A sinkhole in Pasco County, Florida grew to 225 feet wide and over 50 feet deep, swallowing two homes and a boat last week. A third home was considered to be in danger of also being sucked into the sinkhole. Sinkholes can do an extreme amount of damage in a very short amount of time […]
Roughly a decade ago hurricane Charley, Francis, Ivan and Jeanne hit the coast of Florida in one year and caused $45 billion in property damage. As a result many of the nations largest insurance companies pulled out of the Florida market altogether. There were a number of years before they returned, and premiums were definitely […]
Florida’s Chief Financial Officer, Jeff Atwater recently addressed lawmakers and stated that the assignment of benefits insurance practice must be addressed as it continues to drive up homeowner insurance rates in Florida. While lawmakers looked at the problem this spring they could not agree on changes so nothing was done about a practice that insurance […]
When it comes to home ownership, the cost of your mortage is just one of many expenses you will need to factor into your monthly bills. While closing costs and the 20 percent down payment your mortgage lender will require are big upfront expenses, often it’s the smaller, ongoing bills that make a house truly […]
Hurricane season is just around the corner and last year’s extremely active season was a major wake-up call for residents of Florida, North Carolina and other coastal states. In order to help Florida residents make sure they are prepared, People’s Trust Insurance recently released a hurricane preparedness guide to help their customers and homeowners in […]
It’s been a tough storm season in Florida, leaving many people worried that their roof might have hail damage. This has led to some shady roofers to start working with less than honest attorneys to scam homeowners and their insurance companies utilizing the assignment-of-benefits (AOB) clauses that are in most homeowner insurance policies. According to recent […]