Right now, there is currently a vigorous debate taking place in Tallahassee as to whether the longstanding requirement that all motorists carry personal injury protection — or PIP — should be repealed. Indeed, much of this push for PIP to go stems from the fact that Sunshine State drivers pay some of the highest insurance premiums in the nation.
Those of us who call Florida home thanks to its sunny skies, miles of sandy coastlines, lush greenery and rich diversity are all too aware that our choice of residence often comes at a cost. Indeed, this reality becomes painfully apparent when it comes to homeowners’ insurance.
Many Florida homeowners have mortgages that are backed by either the Federal National Mortgage Association or Federal Home Loan Mortgage Corporation. In most of these cases, the homeowners have property insurance that has been issued by a Florida-based company. On Feb. 14, an Ohio company that rates insurance companies around the country based on their financial stability indicated that it will likely be downgrading the ratings of at least 10 of those Florida insurers. This move could create significant problems for affected homeowners.
Most of the available homeowners insurance policies in Florida provide four main types of coverage. The coverage provided by your insurance company depends on your house’s structure, coverage for your property, liability protection and additional living expenses that may result from your inability to live in your house due to the disaster.
As a health care provider, you’re well aware of the daily struggle to get the payments you’re owed from the insurance company. It’s a miserable cycle: you provide the services for your patients, collect a minimal copayment and then get a notice saying it was denied. Now you’ve got bills to pay and you’re left with potentially hundreds of thousands of dollars in limbo because the insurance company delays payment or refuses to pay.
When most of us hear the term “connected,” our thoughts immediately turn to our phones, laptops, tablets and other devices we rely on far more than we’d perhaps like to admit. However, this term has actually undergone something of an evolution over the last few years, such that it now encompasses more than just these ubiquitous mobile devices.
A few weeks back, our blog discussed how even though we were only a few days into 2017, the battle cry to repeal personal injury protection — or PIP — here in Florida had already been raised.
Last week, our blog discussed how those entrepreneurs looking to make their dreams of owning and operating a small business a reality will need to ensure that they devote adequate attention to completing mundane yet crucial tasks, including ensuring that they are in compliance with Florida’s insurance law.
When an entrepreneur finally decides to move ahead with their plans for starting a small business, it will initiate a process that is equal parts excitement and exhaustion. That’s because in addition to doing everything in power to seeing their vision for a thriving enterprise become a reality, the budding small business owner will also have to handle a host of far more mundane yet crucial tasks.
Over the course of the last year, our blog has been closely following the growing debate over the utility and even the future of personal injury protection — otherwise known as PIP — here in Florida.
