Itโs the month where our thoughts turn to love. When Cupidโs arrows fall from above. Valentine blesses those drawn together. To move through life in every endeavor. We know from experience rings can get lost, the stone can fall out or even get tossed. What can you do if this happens to you? Tell your …
In Florida, the Personal Insurance market will offer plenty of challenges in 2022. Assignment of Benefits scams, Limitations on Coverage, and Advances in Digital Technology will all affect Floridians this year. Home Insurance In a word – it’s a MESS. Just trying to keep your home insured will certainly be high on your Personal Insurance …
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According to a bulletin released last week, Citizens Property Insurance plans on inspecting 350,000 homes by 2025. That’s 70 times more inspections than they did last year. (5200 versus 350,000) It will increase inspections from about 1% of insured homes to 9% of its insured homes. Citizens will allocate $43,000,000 and hire private inspection firms …
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ln case you haven’t heard yet, October 1 ushers in the new National Flood Insurance Program Risk Rating 2.0 program from FEMA. The idea behind the new 2.0 program is to get Flood Insurance rates to levels that won’t generate deficits with each new storm. Here’s some info on the new program and how it …
Read more “Will You Pay More for Flood Insurance in October?”
Personal Liability Umbrella Policy: what it is and how it works. Many people refer to it as an Insurance Umbrella or as Umbrella Coverage, but it’s all the same. And it does not cover property, just liability or lawsuit protection So, what is a Personal Liability Umbrella Policy and should you buy one? What does …
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You’ve just received a letter from your insurance company advising you that they are cancelling your policy for “Risk Reduction”. Or another letter might advise you that due to bad claims experience in your area, the insurance company is raising your rates by 25% or more. The temptation for both of these scenarios might be …
It’s that time of year again: June and the start of the Hurricane Season in Florida. And as we tell ourselves every year, “This time we’ll be ready!” Would you like to see something pretty cool? (Or scary, depending on your outlook.) Check out this site from NOAA which shows all the major hurricanes that …
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 …
Read more “Get Ready To Pay More for Flood Insurance in 2021”
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 …
Read more “How To Stop Home Insurance From Going Through The Roof”