Can My Public Adjuster Act As My Appraiser?

When damage occurs to your insured property, you may not know who to turn to in order to begin the insurance claims process. Many people choose to hire a licensed Public Adjuster to represent them in filing their insurance claim. Your public adjuster is required to help present the claim to your insurance company and be the liaison between you and your carrier during its claims investigation. Many adjusters will Read More

Old Homes and $10,000 Water Damage Limitation

If you have a home in Florida and its over 40 years old, you may want to check your homeowners policy. In 2014, 74% of all homeowner claims in Florida were as a result of water damage.  As a result, insurance companies had to pay significant amounts to homeowners as they were required to do in order for their policy holders to fix the damages to their home. Since then, insurance companies decided to place limitations Read More

6 Steps to Take to Recover Stolen Property

Not only do burglaries and break-ins leave you without your property, you may also feel violated and unsafe once you’ve been targeted. While nothing but time can heal the psychological damage of victimization, you can take several steps to recover your stolen property. Gather Your Documentation If you have any documentation of your stolen items, keep it readily available. You may need to provide copies to Read More

Four Examples of a Business Interruption Claim

Business interruption insurance comes into play after a commercial property loss. It is intended to add an additional level of protection to cover your business for things that other forms of insurance, like property insurance, cannot. It typically covers things like profits that would have been earned if business was not interrupted, operating expenses like employee wages for the duration of the closure, and the Read More

Loan Amount vs. Insured Amount: What Kind of Coverage Do You Need?

Insurance is a protective measure that safeguards you against permanent loss when a negative event occurs. This is why it is so important to insure your home as well as the balance of your home loan so that you aren’t stuck with the cost of rebuilding and maintaining the loan payments.  Loan Versus Insured Amount “Loan amount” refers to how much you borrowed to buy the property, but it doesn’t always represent Read More

Does My Homeowners Insurance Cover My Broken Drain line?

Many homeowners contact our office wanting to know whether their insurance policy covers the damages caused by failed drain lines. The cost of repairing the damages caused by failed or failing drain lines could add up to tens of thousands of dollars. In Florida, drain line failures are becoming more common today due to how drain lines were installed in the past. Prior to 1975, most homes built in Florida were Read More

Florida Court to Homeowners: You Need to Pay for Matching Before Your Insurance Company Does

On October 23rd, 2019, the Third District Court of Appeal released an opinion which negatively impacts all homeowners in the State of Florida. It’s generally understood that homeowners are not required to come out of pocket for expenses related to repairing their home for a covered loss. The exception is the homeowner is responsible for paying the policy’s deductible. This understanding was flipped on its head by the Read More

Insurance Companies No Longer Want To Pay Your Attorneys Fees

On October 15th, 2019, Florida’s Senate Committee on Banking and Insurance held a meeting in Tallahassee in order to discuss why there are still 17,000 open Hurricane Michael claims and what could be done to get them closed sooner. The President of Security First Insurance Company, W. Lockwood (Locke) Burt, argued for litigation reform saying insurance companies are barely making profits because of all of the Read More

When Florida Attacks: What to Do When a Sinkhole Damages Your Property

Coastal plains, sandy beaches, rolling hills -- Florida’s beautiful geography is part of its allure. Unfortunately, though, its karst landforms and soluble rocks also make the geography dangerously susceptible to sinkholes. Each year, Florida residents make more than 6,500 sinkhole-related insurance claims.  If a sinkhole occurs on your property, it can be shocking. You should take the following steps to ensure Read More

What is “Actual Cash Value” vs “Replacement Cost Value” in property insurance?

When you’re purchasing an insurance policy for your property you will likely be given many different choices provided by different carriers. Deductibles, coverage amounts, and annual premiums will all vary in different ways. But, it’s important to know how the value of the damage will be measured when its time for your insurance carrier to make a payment for your insurance loss. These options come in two flavors: Read More