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 […]
Homeowners insurance is boring. It’s a product that is absolutely necessary but one that has changed very little over the years which is why the introduction of Lemonade Insurance to the marketplace has made such a splash. Lemonade Insurance has gotten a lot of press lately, it’s being touted as the next step in homeowners […]
Summer time is one of the best times to sell your home. If you are considering putting your home on the market you may be reluctant to finally tackle a few home upgrades. While this reluctance certainly makes sense, you won’t be living in the home for much longer, it can end up being a […]
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 […]
We love our guns in America. According to statistics, there are roughly 371 million firearms owned by private citizens and domestic law enforcement in the United States. When it comes to firearms and insurance there can be major gaps in your coverage, which can leave you holding the bag if your firearms are stolen, damaged […]
According to a recent survey from the national Association of Insurance Commissioners (NAIC), less than 22% of homeowners view changing weather patterns and disasters as a major factor when updating their homeowners insurance policy. As disasters and severe weather become more and more common, the NAIC recommends that consumers consider the risk these storms present […]
Federal flood insurance is expected to get dramatically more expensive for thousands of homeowners who live in the Houston area as Congress overhauls the federal flood program that is currently billions of dollars in debt. The National Flood Insurance Program (NFIP) is $24.6 billion in debt and is struggling to stay solvent. In Harrison and […]
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 […]
Unfortunately, it looks like its going to be rate hike time again when it comes to homeowners insurance in South Florida. Most of the major insurance companies that write policies in the southern part of the state are seeking rate hikes, so be prepared when renewal time rolls around. As an example, People’s Trust, which […]