Every month, part of your mortgage payment goes into your escrow account to cover your homeowner's insurance. If you own your house outright, you probably set money aside frequently to pay your annual homeowner's insurance premium, which could cost hundreds or...
Property Claims
How long can a property insurance company delay a valid claim?
Delay in insurance payouts can mean a lot of stress for homeowners. For example, you have to make at least temporary repairs to a damaged roof right away so that your home isn't open to the elements. You also don't want to have to wait months to make permanent repairs...
Does fire insurance cover everything?
Every year, accidents cause houses burn down in the state of Florida. Nobody wants to be in that situation, but if it happens to you, having fire insurance could make the process a little easier. However, fire insurance doesn't cover damage from every fire-related...
Homeowner preparations for hurricane insurance claims
Florida property owners who possessed the forethought to prepare for an insurance claim before Hurricane Sally hit are now glad they chose to do so. By the time the storm made landfall, it was a category 2 hurricane with winds over 100 mph. The storm left much...
It is time to get prepared for hurricane season in Tampa
One of the few drawbacks of living in the Tampa FL area is dealing with hurricane season. Luckily, these monstrous storms only happen in the middle to late summer for the most part, and modern weather detection technology helps immensely for home and business owners...
Florida Supreme Court Decides ‘Bad Faith’ Claims Against Citizens Property Insurance Co.
What is the latest in the ongoing litigation involving Citizens Property Insurance Co. As you may recall from previous blog posts, Citizens Property Insurance Company ("Citizens") has endured a string of lawsuits over the past several years within the state of...
Citizens Property Insurance Portfolio is Sinking
How can Florida residents protect their homes and businesses from storm damage? As was reported, Citizens Property Insurance Corporation's portfolio in Central Florida has plunged by 73 percent since 2012. The decline is part of the state's goal to reduce the risk to...
Top Florida Cases Involving Subrogation Claims
What are the most commonly-litigated subrogation matters in Florida?Subrogation is defined by Florida law as "the substitution of one person in the place of another with reference to a lawful claim or right." In the context of property insurance law, a subrogation...
Florida Property Insurers Pass Government “Stress Test”
If a Hurricane hits Florida, will my property insurer be able to pay my claim?A stress test recently performed by the state of Florida shows that 67 Florida-based insurance companies will be able to survive a future hurricane season. The publishing of the report has...
Florida’s State Insurance Carrier Aims to become more Consumer-Friendly after Complaints
My insurance carrier is not being forthright; what can I do?Numerous consumer complaints have prompted Citizens Property Insurance Company to acknowledge faults in the letters it has been sending to its customers. Citizens has been reaching out to customers en masse...