Monthly Archives: August 2022
What Is The Florida Property Damage Statute Of Limitations?
When your home is damaged in any type of incident, the next step is always to file a claim with your homeowner’s insurance provider. A homeowner’s goal is to address the issues, get them fixed as soon as possible, and have insurance help cover the costs involved under the policy. The insurance company will… Read More »
Does Your Homeowner’s Insurance Cover Pest Damage?
In Florida, many pests thrive in the area’s hot and humid climate, and will not hesitate to enter or even infest a person’s home. Florida homeowners will wonder: does my homeowner’s insurance cover damage caused by rodents, insects, or other pests? It depends on the type of damage and the pests involved, but the… Read More »
New Reporting Requirements For Florida Home Insurers In 2022
Just as insured homeowners have a set of responsibilities they must follow to maintain coverage and report property damage, insurance companies have their own rules and regulations to follow. Under the 2021 legislation known as SB 76, Florida insurers have updated closed-claim reporting requirements to adhere to. Effective beginning in 2022, residential property insurers… Read More »
Hurricane Safety Tips For This Summer And Beyond
Weather forecasters at the National Oceanic and Atmospheric Administration (NOAA) project the remainder of the 2022 hurricane season to hold an above-average risk for hurricanes, with potentially 5-10 hurricanes – some of those being severe. Forecasters believe there is a 75% chance of a major hurricane making landfall on the U.S. coastline during the… Read More »
Ways To Avoid Disputes With Your Homeowner’s Insurance Company
Florida’s homeowners normally do everything they can to protect themselves and have their paperwork in order if some event leads to a property damage insurance claim. However, despite these best efforts, problems can still arise and disputes take place. Often, this has something to do with the insurers’ goals to maximize profits and minimize… Read More »
What Is A “Notice Of Intent To Initiate Litigation” In A Florida Property Insurance Claim?
Florida law currently requires that, if a policyholder plans to file a lawsuit against their insurer for any reason, they must file what is called a “notice of intent to initiate litigation” with Florida’s Chief Financial Officer. This applies to all lawsuits except those brought by assignees under property insurance policies. Once notice is… Read More »
What To Do If Property Damage Involves Neighboring Property
Property damage to your home or business can occur due to a wide variety of reasons. Acts of nature such as hurricanes, tornadoes, flooding, and fires can cause devastating damage to buildings and surrounding areas. So, too, can human-caused incidents such as arson or vandalism. Generally, when these issues happen to one’s property, it… Read More »
How Does Insurance Fraud By Others Affect Your Claim?
Insurance fraudsters in Florida continue to carry out scams that impact insurance companies alike. All Florida insurance consumers are impacted by insurance fraud – even if they were never directly targeted. By one estimate, at least $80 billion in fraudulent claims payments are made each year across Florida and the United States. Ultimately, it… Read More »