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 […]
The 2017 hurricane season was one of the busiest and most destructive ones on record. There were 17 named storms that hit the coasts and caused roughly $282.16 billion in damage. If you were affected by one of these storms and not carrying the proper insurance coverages you could end up on the hook for […]
Industry experts, at a recent Insurance Journal webinar looked at ways to battle AOB (assignment of benefits) fraud that is pushing up the cost of homeowners insurance in Florida. “I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual […]
If you are buying a new home you may find yourself reviewing the offer paperwork and coming across something called “title insurance.” While title insurance is pretty standard in most real estate transactions, it can be confusing for new homebuyers. Here is a quick overview of exactly what title insurance is, and why you and […]
Hurricane season is here and if you don’t have a flood insurance policy in place, you may want to consider one. Flood damage is not covered by a standard homeowners policy and the majority of hurricanes bring severe flood damage with them when they come ashore. In the past, the majority of flood insurance policies […]
A recent report from The Information, a technology centered website, found that Amazon may be getting into the home insurance market. While it seems like a long-shot and the report concluded that Amazon currently has no plans to start offering homeowners insurance, the mere prospect of the e-commence giant joining the industry sent the stocks […]
The foundation is one of the most important components of your home. It is the base layer that the rest of the house sits on and if it is compromised it can lead to a dangerous situation and an expensive repair. Unfortunately, in many cases, the most common causes of foundation damage are not covered […]
When shopping for a homeowners insurance policy you may be asked whether you want an actual cash value or replacement value policy. Many homeowners are unaware of the difference in these types of policies and that confusion can result in a costly mistake. We thought it might be a good idea to have a look […]
As the National Weather Service kicks off Hurricane Preparedness Week (May 6–12), a new study found that over half of homeowners in Florida fail to take the recommended precautions to protect their homes against hurricane damage. The survey asked Sunshine State residents how they prepare their home for hurricane season. Unfortunately, less than one in […]
Gavop, a real estate, housing news, and research service recently examined the latest information being released from the Florida Office of Insurance Regulation and found that insurers across the state (but especially in the Miami-Dade area) are charging drastically different premiums for homes that fall into the same value range and location. In the Miami-Dade […]