Category Archives: Homeowners Insurance
Hurricane Dorian Insurance Claims Rise in Atlantic Canada
The insurance claims from damages from Hurricane Dorian have officially reached approximately $105 million in Atlantic Canada, and that is not including the damage to government infrastructure. The Insurance Bureau of Canada has recently released this information. Dorian went from being a hurricane to a tropical storm by the time it hit the Maritimes,… Read More »
Residents of Florida city destroyed by hurricane cling to hope of rebuilding
Hurricane Michael demolished 85 percent of the structures in Mexico Beach last October, wiping foundations clean of vacation homes and cinder-block cottages, ripping roofs and exterior walls from businesses and scattering the contents among thousands of tooth-picked long-leaf pines. The city’s operating budget is $3.5 million. It cost $30 million to remove debris from the canals, and… Read More »
Lessons learned from Hurricane Michael
Although it may sound repetitive, there really is no better advice than to “always be prepared” or to “stay tuned to updates” during hurricane season. As First Coast News reports, these tips held true in early October of 2018 when Hurricane Michael hit the Florida Panhandle as a powerful, very dangerous category 5 storm. … Read More »
Florida Lawmaker Requests Answers Regarding Hurricane Michael Claims
Florida Insurance Commissioner David Altmaier has recently spoken out about the claims regarding Hurricane Michael, which occurred almost one whole year ago. He claims that insurance companies have been paying claims on time, however he is aware of the claims that are still open, and how unhappy people are about this. He announced that… Read More »
Updated Forecast Predicts Increased Chances of Above-Normal Hurricane Season
Forecasters at the National Oceanic and Atmospheric Administration have announced that there is a bigger chance than previously thought for an above-normal hurricane season in the Atlantic this season. The likeliness of an above-average hurricane season has jumped from 30% (predicted in May) to 45%. The likeliness of near-normal activity is at 35%, while… Read More »
What Every Small Business Owner Should Know to Prepare for Potential Disasters
Being prepared for any disaster that may arise is vital for every business owner, no matter how big or small their business may be. One thing to keep in mind is communication post-disaster. It is important to have the ability to talk to others once the storm has passed but its’ remnants remain. This… Read More »
Insurance Lobbyists Hope for Mandatory Flood Disclosure
Insurance lobbyists are currently urging for mandatory disclosure of flooding to be adopted in the state and national levels due to outdated FEMA flood maps causing homeowners to have risk of uninsured damages and more risks of flooding in general. There is the possibility of this becoming a reality with the National Flood Insurance… Read More »
The Difficulties of Getting a Tax Break for Flood Damages
While battling flood damage, it can be extremely difficult to get a tax break for it. Here’s what every homeowner should know. The Tax Cuts and Jobs Act limits the extent at which individuals can claim a deduction for property damages This act causes people to only be able to claim losses if the… Read More »
How to Clean Smoke Damage from your Home
Here are some tips on how to deal with cleaning up smoke damage in your home. Evaluate the Damage. When dealing with smoke damage, you should first look and see how severe the damage is. After assessing the damage, you can determine how much you can fix on your own, and how much you… Read More »
Phase Two of Hurricane Season: What’s to Come
As Phase 2 of Hurricane Season approaches, National Hurricane Center forecasters have begun recognizing new systems that may arise. Meteorologists say that August usually brings more active systems within the Atlantic tropics, and that is exactly what is occurring this year as well. During this time of year, east African waves move off the… Read More »