Home Insurance Blog

What is the difference between Actual Cash Value (ACV) and Replacement Cost (RC)? Both these terms refer to the way a Home Insurance company will pay a claim. Did you ever wonder what Actual Cash Value means and how it will affect the payment of your claim? Is it better or worse to have Replacement […]

Compared to Home Insurance, Flood Insurance has always seemed a bargain. In certain areas, that will no longer be the case. Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released last Thursday by the Federal Emergency Management Agency (FEMA). This is

As many of you have found out already, Florida Home Insurance Companies are raising rates 25% and more. Because of the amount of fraud in the marketplace, home insurance rates continue to go up, and insurance companies are limiting coverage and canceling or nonrenewing policies. As a result, many consumers will have no options other

Though the new vaccines give us hope for a return to normalcy, one part of our lives that will never return to normal in 2021 is Home Insurance. Here’s what you can expect in Home Insurance in Florida in 2021. Prices are going up. It doesn’t matter who you have for home insurance in 2021,

Citizens has a sub-limit for non-weather water loss coverage of $10,000. This limit does not apply when the policyholder participates in the Managed Repair Contractor Network Program. Better yet, payments made under their Emergency Water Removal Services endorsement will not be deducted from the $10,000 sub-limit on coverage.

There are certain situations where Private Flood Insurance works better than the National Flood Insurance Program.

Have you ever wondered who pays when water leaks into your unit from the unit above. There are two scenarios: 1) If you have insurance and 2) if you don’t. Let’s say you don’t have insurance, you would pay to repair your damage and try to collect from either your neighbor or your Condo Association.