For example, you can save money by adding storm shutters or upgrading how your roof is attached to the rest of your house. Learn more about hurricane insurance. Sinkholes By law, homeowners insurers in Florida must offer coverage for “catastrophic ground cover collapse,” a specific type of ...
cost of a house policy has begun to mean that residential insurance is almost unaffordable. And when a claim is made and an assessor comes out, often the claim is ruled ineligible for one reason or another. Many companies which routinely offer home insurance in other states, such as Farmers...
Jacqueline Ravelo, a Miami homeowner, was among them. Her roof was damaged by Hurricane Irma in 2017. Her insurance company, Avatar Property and Casualty, covered the cost of some repairs. But the roof continued to leak and mold grew inside the house, she said. Ravelo sued Avatar to compen...
November House Sales Statistics for State of Florida. Screenshot courtesy of Florida Realtors Association. Florida Condo and Townhouse Prices by City Statewide, condo and townhouse prices only rose .2% year over year, indicating the effect of severe weather, cost of living, insurance and new condo...
“Technology can help bridge this gap, and more firms are bringing training in-house to implement digital strategies such as building information modeling, or BIM, to ease staffing challenges and train the next generation of industry professionals.” Tight labor market conditions...
The article reports on the decision of the Florida House to approve sweeping changes to the state's property insurance laws. Changes include a new bond program to bail out insolvent insurers. The legislative bill is expected to bolster the private property insurance market, which has reduced its...
House Bill 799 for property insurance modified rating factors and flood coverage requirements for different property types. Citizens policyholders insuring secondary homes are excluded from the rate cap, allowing rate increases up to 50 percent. Changes impacted new Citizens policyholders with policies st...
Figuring out How Much Insurance Coverage to Buy you want to buy enough that you can file a claim and know your house will be rebuilt, without putting you into bankruptcy or forcing you to eat cans of cat food for 30 years. if you think that buying coverage limits that meet the remaining...
On March 24, 2023, Governor Ron DeSantis signed into law House Bill 837, resulting in the enactment of sweeping tort reform (“the Act”). The Act impacts various aspects of the civil justice system. The most salient features of this latest … ...
Previous hurricane damage can drive up your cost of living. Carmichael notes that beachfront condos in Pensacola, for example, come with high homeowners association fees based on increasedhome insurance premiumsfollowing massive hurricanes like Ian in 2022. In fact, the state's insurance market was ...