News & Resources

When you buy homeowner’s insurance, you don’t expect it to cover everything. But, you might expect it to cover more than it actually does. While homeowner’s policies often start with broad coverage language, this language is subject to a laundry list of exclusions; and, in order to have these excluded perils covered, homeowners must pay extra for “endorsements.” Which Endorsements Should Florida Homeowners Choose? In the context of insurance, an endorsement is additional coverage for […]

The 2020 Atlantic hurricane season will soon be upon us and it is important for homeowners to be prepared. As we’ve learned in past years, it only takes one storm to cause widespread devastation, and homeowners who take steps to get ready will be in the best position to begin the recovery process as quickly possible. Are you ready? Here are seven hurricane preparedness resources from the State of Florida, various U.S. federal government agencies […]

If your home has been damaged in a storm, there are several important steps you need to take to protect your rights against your insurance company. This step-by-step guide will help you avoid mistakes that could jeopardize your homeowner’s insurance or flood insurance claim. 1. Make Sure You and Your Loved Ones are Safe. First and foremost, safety should be your top priority. No amount of hassle with your insurance company is worth putting your […]

Just five years ago, Citizens Property Insurance Corporation, the state-run insurer of “last resort” for those Florida property owners unable to secure coverage on the private market, saw the ranks of policyholders mushroom to 1.5 million.

However, thanks to everything from the ten-year absence of hurricanes to the state’s “depopulation” program that created incentives for private insurers to start taking on more Citizen’s policyholders, this number has since fallen to 450,000.

An alarm bell was sounded in the insurance sector last month when Demotech, the Ohio-based independent financial analysis firm, indicated that it was strongly considering lowering the financial strength ratings of six to eight Florida homeowners insurance carriers to below an A.

Why this might not seem like too much of a concern to the average person, it was actually rather distressing news to the 250,000 customers of these insurance carriers, as most mortgage lenders — including federal lending agencies Freddie Mac and Fannie Mae — require borrowers to secure homeowners’ insurance from an A-rated insurer as a condition of financing.

As much as times have changed, there’s no disputing that one of the primary objectives for most individuals or couples is to move out of their rental property and into a home that they can call their own.

Of course, this was an admittedly more dubious proposition not long ago because of the recession, but things have changed considerably, such that the housing market is now far more stable. Indeed, more and more Floridians are breaking ground on new homes or finding a place to settle down with the help of a realtor. What happens, however, when their dream home becomes an absolute nightmare owing to the presence of hazardous mold?

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.

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.

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.