Category Archives: Homeowners Insurance
Florida Bill Would Reduce Homeowners’ Insurance by 25%
If you own a home in Florida, you are probably aware of the huge increases to homeowners’ insurance in the past few years. The current average rate in the state is $6,000 per year. This is about triple the national average. These rate increases have forced many Florida residents to leave the Sunshine State…. Read More »
Homeowners Insurance Nightmare in Florida
Homeowners insurance is often required if you refinance your home. It’s also a good thing to have in the event of a disaster such as a fire, tornado, hurricane, flood, or other weather event. In some cases, insurance can also protect against theft as well. However, in Florida, the process of even getting homeowners… Read More »
People’s Trust Suing Homeowners After Hurricane Ian
Homeowners buy insurance to protect their homes. But sometimes insurers will go to great lengths to avoid paying our claims. This recently happened to numerous homeowners in Florida. Insurance company People’s Trust claims its customers broke policies by repairing their own homes after Hurricane Ian hit the state. This is a situation in which… Read More »
Homeowners’ Insurance Fraud in Florida
Homeowners are not technically required to have insurance on their homes in Florida. However, some lenders require insurance if the person is financing or refinancing their home. Plus, homeowners’ insurance acts as a safeguard in the event of damage to your home by a weather event, so with hurricanes and tropical storms common in… Read More »
When Your Homeowners Insurance Policy Is Canceled
Insurance is supposed to be there for you when you need it most — until it’s not. Your insurance company may decide to drop you suddenly, leaving you with no insurance and your home unprotected. Once you lose your policy, it can be difficult to get another one. This is especially true in high-risk… Read More »
The State Of Homeowners Insurance In Florida
While the real estate market may be hot in Florida and other parts of the country, the insurance industry is a different story. If you plan to buy a home in Florida in the near future, you should be aware that you may have difficulty insuring it. Florida has been dealing with a homeowners… Read More »
When To File A Homeowner’s Insurance Claim
We pay a lot of money for homeowner’s insurance on our house. This protection generally reimburses us for stolen items as well as damage caused by floods, fires, tornadoes, and other weather-related disasters. However, there are some drawbacks to filing a claim when things go wrong. Insurance companies will often find a way to… Read More »
Bad Faith In A Homeowners’ Insurance Claim
We buy insurance for our home for one main reason: to protect it. We pay a lot of money for this peace of mind, so when our home gets damaged by a fire, flood, earthquakes, theft, or other issues, we expect that our homeowners’ insurance company will assess the situation and pay us promptly… Read More »
Disputing A Homeowners Insurance Claim Denial
We have homeowners insurance on our homes for peace of mind. Floods, fires, tornadoes and other natural disasters can ravage a home. So can things like a leaky pipe, an equipment malfunction, or termites. Homeowners insurance is supposed to help pay for damages caused to a home by these issues. However, the claims process… Read More »