Recently, the Restoration Association of Florida (RAF) responded to two bills moving through the Florida Legislature that could affect the assignment of benefits (AOB) process. RAF stands in opposition to the bills (SB 122 and HB 7065), saying they fail to address the needs of both homeowners and contractors. RAF hosted a panel of attorneys, […]
Recently, two insurance reform bills that hope to rewrite the assignment of benefits (AOB) law made it past Senate and House subcommittee reviews. The bills could actually make it to the chamber floor for a binding vote this session. This would mark the first time in six years that a bill regarding AOB reform has […]
Florida legislators are looking into one-way attorney fees that have been one of the sources of inflated homeowners claims related to the Assignment of Benefits (AOB) issue that many people blame for the Sunshine States high homeowner insurance costs. Currently, Florida is the most expensive state in the country for homeowners insurance with the average […]
It’s been a tough winter in many areas across the country. In fact, at one point this winter, roughly two-thirds of Americans were in an area that was below freezing and in many cases, well below zero. This type of cold can do some serious damage to your home. Everything from cracked windows to burst […]
Insurance can be expensive and in many cases it is a product that is seldom used so it may be tempting to find the lowest priced policy and call it a day. This can be a huge mistake if you ever have to make a major claim. Cheap insurance policies often leave you under protected […]
Citizens Property Insurance has delayed the decision on their rate hikes for 2019 and is planning to hold public meetings to gather input on the assignment of benefits issue which many insurers claim is the main cause of rate hikes in recent years. Citizens President and CEO Barry Gilway announced Tuesday that the insurer is […]
The latest estimates put the property damage totals from Hurricane Florence at $17 to $22 billion and unfortunately the pain is not going to stop there for many homeowners. The aftermath involves cleaning up, filing insurance claims and rebuilding or repairing their home and lives. Adding to the bad news is the fact that the […]
Over the last few years Colorado residents have seen their insurance rates headed up. According to industry data, rates for homeowners have gone up 67 percent while drivers have seen rates climb 52 percent. Unfortunately, due to three hailstorms that hit the Front Range recently, insurance costs could be going up again. The recent hailstorms, […]
While the majority of insurance experts recommend shopping your insurance coverage on a yearly basis (that is still solid advice) staying loyal to your current insurer can also be a great way to save some coin. Shopping your coverage is a great way to make sure you are getting a fair price on your coverage […]
While cleaning up the mess at your home (assuming it is still standing) after a hurricane, tornado, wildfire or other natural disaster is always painful, there may be more agony lurking in the shadows. One of the major problems in the aftermath of a hurricane or wildfire is homeowners who were underinsured or did not […]