High-value homeowners insurance is designed for homeowners who have a high net worth as well as a luxury home. These policies typically offer higher coverage limits as well as better protection for other assets. High-Value Home Insurance explained While policies can vary by insurer, a high value home is typically a home that has a […]
In a recent open letter from Florida Insurance Commissioner David Altmaier to House Commerce Committee Chair Representative Blaise Ingoglia, Altmaier detailed the fact that Florida accounts for almost three-quarters of all insurance lawsuits filed by homeowners against insurance companies in the United States. Altmaier revealed in his letter that the Florida Office of Insurance Regulation […]
The pandemic has given homeowners plenty of time to take on home renovations. Homeowners with increased savings and plenty of time on their hands has led to a dramatic increase in home projects this year. According to a recent Bank of America survey roughly 70% of Americans decided to start on a home improvement project […]
The Florida Senate is considering a plan that would make dramatic changes to the property insurance system in the state. It would allow insurance companies to limit the amount paid out for roof damage while also putting new restrictions on lawyer fees during insurance disputes. The Senate Rules Committee approved the plan (SB 76), preparing […]
There is a good chance that Florida homeowners will be paying more for flood insurance in the near future according to a new analysis done by First Street Foundation, a nonprofit research group that is focused on how climate change impacts on property value. Their analysis found that most Florida residents face a higher flood […]
Austin, Texas – Feb 16, 2021: Blizzard in Austin, Texas creates difficult conditions for drivers because of the thick snow on the road. There is a good chance that property damage claims from the shocking winter storm that hit Texas last month will be the largest number of claims generated by any single event in […]
There are numerous factors that insurers consider when setting your homeowners premium. Everything from your credit score to how old your home is will impact your rates and these factors can either push your rates up or down. We thought it might be a good idea to have a look at a few items that […]
There are currently three bills that are working their way through the Florida Legislature which are designed to deal with the cost of homeowner roofing claims, attorney’s fees as well as problems with insurance carriers being notified regarding lawsuits. The goal of this legislation is to help lower Florida homeowners insurance cost which has become […]
Snow covering above Austin, Texas after winter snow storm Uri Texas was hit by some major winter storms recently which caused a variety of problems, including frozen pipes, roof issues and even flooding. If you have suffered any of these issues you may be wondering if your homeowners insurance is going to cover the damage. […]
As we move into tax season many of us are looking for tax deductions to lower our tax burden. While your home can lead to some major deductions, you may be wondering if it is possible to deduct your homeowners insurance premium. In most cases, the answer to this question is no but there can […]