As property owners across northern Florida continue to pick up the pieces and assess the damage wrought by Hurricane Hermine, the storm that slammed into the Panhandle a little over a week ago, questions have naturally arisen as to the size of the hit the insurance industry will take and its ability to absorb it.
People across Florida have been paying extra attention to the weather forecast over the last few days given that the state seems to be surrounded by wholly unstable conditions.
If the unimaginable happens — your car is totaled in an accident, your apartment catches fire, your home is damaged in a tropical storm — you will understandably experience a host of emotions, including shock, anxiety, acceptance and ultimately peace of mind.
When a person follows up the important decision to rent an apartment, condominium or home with an appointment with an insurance agent to discuss procuring renters insurance, they are to be commended for both their foresight and their vigilance.
In just a few weeks, parents across the state of Florida will find themselves hit by a whirlwind of conflicting emotions as they drop their children off for the start of their freshman year of college. Indeed, they might feel everything from great pride for their child’s achievement and sadness at them leaving home to anxiety about the future and excitement about finally having an empty nest.
As hard as it may seem to believe, it’s now been almost four years since the East Coast was hit by Superstorm Sandy, a hurricane of epic proportions that left tens of thousands of people in New York and New Jersey with major or catastrophic damage to their homes.
As much as people can take comfort in the fact knowing that their home — their most important asset — is covered by a comprehensive insurance policy, there’s no denying that this comfort comes at price. In fact, all indications are that this price is going to become even steeper in the coming months — if it hasn’t already.
The Florida Office of Insurance Regulation recently announced that it will be holding a public hearing in just a few weeks to discuss requests by two of the state’s largest long-term care insurers to raise the rates paid by customers to a considerable degree.
Once the initial shock and sorrow of losing a parent subsides, the real work typically begins for surviving children. That’s because in addition to coping with their lingering grief, they must also ensure that friends and family members are notified, funeral arrangements are made and, of course, estate administration matters are properly addressed.
As a small business owner, you do everything in your power to ensure not just that your operations thrive, but that they are protected in the event of the unforeseeable. While this means taking steps like securing a commercial general liability insurance policy, it also means securing commercial property insurance.
