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

Is My Rental Property Covered by my Insurance Policy?

When purchasing insurance for a property you own, you are usually given two different options depending on how you intend to use the property. It’s important to know how you intend to use the property before purchasing insurance as it will dictate what type of insurance will cover you in the event of loss. Will you be using it as a rental property? Will you be using it as a new home for you and your family to live Read More

Canceled! What to Do If an Insurance Company Cancels Your Policy

Having insurance on your home or property is a necessity. Then, one day, you are blindsided by a notice in the mail saying your insurance policy is going to be canceled. Instead of starting to panic, don’t worry and follow these three steps below. Here’s what you need to do if an insurance company cancels your policy. 1. Stay calm. Although you might enter full panic mode at the mere idea of not having home Read More

Understanding Exclusions and Limitations

When you purchase an insurance policy for your home or property, you want to make sure you thoroughly understand what you’re buying. Although you will certainly want to make sure your policy covers what you want, you’ll also want to understand what is not covered by your policy. These items or events that are not covered most often present themselves as exclusions or limitations. Here’s more about these two insurance Read More

Insurance Law: Bad Faith Explained

As a property owner, you carry insurance on your property to protect you in case of any accidents. When you pay your insurance bill, you expect your insurance company will return the deed if your property needs repairs. Unfortunately, this isn’t always the case. If your insurance company fails to pay you for your repairs, you might be eligible to bring a bad faith case against them. Here’s what you need to know about Read More

6 Examples of a Breach of Policy

You may not realize it, but you or your insurance company may have breached your home insurance policy. It’s important that you don’t breach your policy because you want to stay insured, and it’s important that your insurance company doesn’t breach your policy because otherwise you could sue them. Naturally, you wouldn’t want to do anything to breach the policy because it would void your insurance coverage. Read More

Claim Denied: What Can You Do Next?

After your home or property are damaged, you file a claim with your insurance company. They review your claim, and then they decide whether it should be approved or denied. If your claim is denied, don’t lose hope. There are still three things you can do to possibly get your damage covered. 1. Contact your insurance company and ask them to review your claim. It’s possible that when you filed your claim Read More

Understanding First-Party Claims

If you purchased your home with a loan from a financial institution, you probably also had to purchase homeowners insurance. This insurance is supposed to provide a safety net for just in case anything bad happens to your home. Accidents happen, disasters strike and, when they do, your insurance policy should have you covered. After your property has been damaged, you will need to file a first-party claim. Read More

4 Ways Water Can Damage Your Home

When you think of winter, you might not think of the possibility of water damage to your property. However, many properties in Florida are damaged by water from hurricanes, flooding, or other disasters. Here are the top four ways water can damage your home. 1.  Flooding When people hear the word flooding, they might think of torrential rains or a river out of its banks. While these natural disasters can cause Read More