The recent spike in inflation has substantially increased the daily cost of living for all Floridians.  Everyday goods such has food and fuel now cost more, and it is having a noticeable impact on household finances.  At some point, the question then arises as to how this inflation effects your property insurance coverage. Your insurance company’s obligation to compensate you after a loss is limited to the coverage limits set forth in your policy.  For instance, if  your Coverage A Limits  – which protect your main structure – are $200,000.00, then the maximum amount y ..read more

Hurricanes and other wind storms are a constant threat to Florida homeowners.  Florida homeowners have always been able to feel secure that if they had a roof damage insurance claim, their insurance policy would provide for the repair or replacement of their roof.  That may all change if Florida Senate Bill 1728 becomes law. Since the dawn of insurance, property insurance always provided coverage for the full replacement of your roof if such was destroyed by a covered peril, usually a wind storm.  If Senate Bill 1728 is passed by the Legislature, insurance companies will be able ..read more

Your insurance coverage limits are the maximum amount the insurance company will pay you after a loss.  As you’ve probably noticed, the cost of buying a home has skyrocketed – and experts say that the market is not going to slow down anytime soon.  With the home prices increasing at such a rapid pace, should you increase the policy limits of your homeowner’s insurance to keep up with these price increases? Home prices have increased 18.6 percent since June of 2020, and August 2021 marks the third consecutive month of record growth according to the Home Price Index.  In addition ..read more

Several Health Insurance Companies recently announced that they intend to severely limit payouts for Covid-19 treatment and will instead push these costs onto their insureds.  Since the beginning of the pandemic,  most fully insured Covid-19 patients had all of their hospitalization costs waived by their insurance company, but that situation is apparently coming to an end. The decision to now push more Covid-19 treatment costs onto their clients is surprising in light of the higher profits insurance companies have enjoyed over the last 18 months.  Due to the pandemic lock-down ..read more

MAXIMIZING YOUR WATER DAMAGE CLAIM It is extremely important to know how to maximize your water damage insurance claim. Once your plumbing starts to leak or your ceiling starts to drip, you will be thankful that you purchased homeowner’s insurance. After a loss, you would think that since you have insurance, your claim would automatically be covered for all of your damage, but that assumption is not always correct. Although most homeowners do eventually get their claims covered and paid, insurance companies are determined to keep payments on your claim low or non-existent. Below are some steps ..read more

Public Adjusters and Attorneys are an integral part of protecting Florida homeowners.  Public Insurance Adjusters and Property Damage Lawyers will often work together to help maximize the client’s insurance claim recovery.  Both the Public Adjuster and the Attorney have separate but crucial roles to play in the insurance claim process. A recent study found that public adjusters significantly increased the amount of money a policyholder received from their claim.  This report found a 747% increase in insurance payouts from Citizens Property Insurance when a public adjuster was involved.  The av ..read more

Prior to purchasing homeowner’s insurance, you need to honestly answer a few questions to make sure you but the correct type and amount of coverage. Although you should always seek the advice of a professional insurance agent when selecting coverages, you will ultimately need to give thought to the below questions as you go through the process. 1.  DOES MY HOME HAVE A HISTORY OF INSURANCE CLAIMS OR DAMAGE? If you are purchasing the home from a previous owner, you should request documentation reflecting whether the home has had any previous damage – such as floods, fires, sinkholes, or other in ..read more