According to a recent editorial on Yoursun.com, the legislation passed last year to bring assignment of benefits (AOB) lawsuits to end has not succeeded in bringing down homeowner insurance costs for Florida residents. In 2019, zero hurricanes came ashore. In fact, only Hurricane Dorian (which was a category 5) threatened the Sunshine State but ended […]
A sinkhole in Pasco County, Florida grew to 225 feet wide and over 50 feet deep, swallowing two homes and a boat last week. A third home was considered to be in danger of also being sucked into the sinkhole. Sinkholes can do an extreme amount of damage in a very short amount of time […]
Homeowners in Miami have been hit by the high insurance rates and deductibles charged by Citizens in multiple ways. Apart from having to separate yourself from a lot of money, the high rates also depressed the real estate market in Miami-Dade County in the past. However, this is likely to change as the current hurricane […]
Many parts of the Sunshine State are prone to hurricanes and as such most homeowners insurance includes cover for hurricanes. However, this does not compensate the homeowner for damages caused by the flood waters that often accompany hurricanes. Homeowners in Florida and other parts of the country need to ensure that they have adequate flood […]
According to MarketWatch, most basic home insurance policies in the United State do not suffice for the needs of homeowners. This is especially true of high-value property owners, many of whom have their houses dotting the coastal regions of Florida. In fact, according to the news publication, these homeowners with properties worth $1 million and […]
The home insurance industry in Florida is staring at some major upheavals. According to the Tampa Bay Times, the Senate has passed a bill that will majorly impact home insurance policy activities of the state-run Citizens Property Insurance Corp. and may have far-reaching effects across diverse groups in the economy. By the Numbers According to […]