According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]
The recent severe weather that hit Florida should be a reminder that the Sunshine State is moving into storm season. This means it’s time to prepare your home and batten down the hatches to help prevent damage from Spring storms. Experts from AAA recently offered tips on how to prepare for severe weather as well […]
A bill that is heading to Gov. Ron DeSantis’ office for a signature may make it harder for homeowners to sue over construction defects they find in their Florida homes. Senate Bill 360 is being touted by insurance companies and builders as necessary while personal injury lawyers and some in the legal community fear it […]
The Florida homeowners market has been in turmoil for years. Sky-high premiums have become the norm due to fraud and lawsuits by less than honest roofing companies. Florida currently has some of the highest homeowner insurance rates in the country and while there is some good news on the horizon, there is plenty of bad […]
The Louisiana Legislature, in a special session last week passed and funded legislation that is designed to deter insurers from leaving the Louisiana homeowners market. Recent hurricanes have caused financial stress for insurance companies operating in the state. In addition, several insurers have gone into insolvency. Experts have made comparisons between the Louisiana insurance market […]
The Florida homeowners insurance market has been in trouble for years now and the recent hurricane season that resulted in Hurricane Ian hitting the west coast of Florida and Hurricane Nicole hitting the east coast weeks later certainly hasn’t helped. Insurers that have been struggling for years had a hard time covering all the claims that came out […]
According to the Insurance Information Institute, the pain Florida homeowners have been feeling in recent years regarding sky high homeowners premiums will continue in 2023. The Insurance Information Institute is predicting an average increase of about 40% this year for Florida homeowners. This is despite the fact that Florida lawmakers approved sweeping reforms in a […]
The answer to the question “does insurance cover roof replacement,” is not always clear cut. In most cases, it will depend on the reason that your roof needs to be replaced. If your roof has simply reached the end of its life, the cost to replace it will fall to you. On the other hand, […]
According to an AM Best analysis, Florida is the state with the most premiums in homeowner insurance lines. While Florida is the third most populous state in the country, it generated a whopping $12.4 billion of homeowners direct premiums in 2021 which is more than the most populous state, California. The Golden State generated $11.2 […]
In Florida, a former state senator has been petitioning lawmakers to address Florida’s distressed property insurance market and is now advocating for reforms ahead of another special session that has been called to address the issue later this month. “It’s the most urgent pocketbook problem facing Florida today,” said former Republican state Sen. Jeff Brandes […]