Gun owners in Florida and across the country who are looking for specialized firearm insurance may have fewer options following the shooting massacre that occurred in Florida recently. Chubb insurance company recently announced that they would no longer be offering an insurance policy for gun owners called NRA Carry Guard. This insurance product, which is […]
In 2017 there were seventeen named storms that ended up hitting the United States. These storms caused over $200 billion in damage, which makes it a record setting year and much of the damage was caused by flooding due to heavy rains that continued for days in some areas. While private insurance companies stepped up […]
A new report from the Florida Office of Insurance Regulation (OIR) says that the Assignment of Benefits (AOB) abuse that has been going on in Florida for several years is only getting worse. According to the most recent OIR data concerning homeowner claims that involved roof and water damage, the frequency of water claims per […]
There is only a month left in Florida’s 2018 legislative session and there’s been little movement on legislation that will help solve the Assignment of Benefits (AOB) crisis that has been causing trouble for years in the Florida property insurance market. While assignment of benefits have been around for a long time, in recent years, […]
The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and rewrites large portions of the tax code for both businesses and homeowners. We thought we would take a look at how these changes will impact homeowners. This article is an overview of the coming changes and is in no way […]
It’s possible that the recent tax cut bill passed by Congress could end up lowering your insurance rates as well. Two separate consumer groups are calling for a premium cut for consumers and businesses across the nation. They are asking for an average 5% premium decrease because the new tax bill has slashed the corporate […]
There are few things worse than coming home to a room full of water thanks to a broken or leaking pipe. While your homeowners insurance policy will absolutely cover most sudden and unexpected water damage due to a plumbing malfunction or a broken pipe, if the damage occurred gradually due to a slow and constant […]
As the new year takes off, insurance companies do not seem confident that Florida lawmakers will be able to pass legislation that will help fight insurance fraud, which is currently the insurance industry’s most important issue. So far a solution to the problem has eluded Florida lawmakers mainly because insurance companies and trial lawyer groups […]
Homeowners in North Carolina recently received a temporary reprieve from the requested 18.7% increase for homeowners rates. The insurance Commissioner, who has final say on rate hikes rejected the rate increase that had been made by insurance companies writing policies in the state. While the Insurance Commissioner rejected the 18.7% increase, it may just be […]
The new republican tax plan may have an impact on your homeowners insurance that you should be aware of, in fact if your home is destroyed by fire, flood or other covered perils next year you will most likely not be able to claim the losses on your taxes. The Tax Cuts and Jobs Act, […]