Category Archives: Insurance Dispute
Hurricane Michael Victims left out of President’s National Emergency Declaration which diverts $3.6 billion from military construction accounts
The need is there for Hurricane Michael victims, but the four months after the storm hit, still no federal funding has been included in congressional bills or President Trump’s Emergency Declaration nor has it been a part of the Compromise Funding bill known as the Consolidated Appropriations Act of 2019. As of Feb. 15,… Read More »
Rumors abound about federal funding for Hurricane Michael victims
Many Bay County residents have been discussing the possibility of having Hurricane Michael upgraded from a Category four to a Category five, thinking they might be entitled to additional FEMA benefits and possibly better insurance payouts. But instead, a spokesperson from the Florida CFO’s office clarified the confusion for Hurricane Michael victims, explaining that… Read More »
What Insurance Agents Wish You Knew About Keeping Your Home Safe
It’s common for homeowners to be concerned about the risk of natural disasters from hurricanes to flooding to fires. If you’re looking to keep your home safe, U.S. News & World Report put together a list of expert-backed tips to keep your home safe and secure, which we summarized for you below. For the… Read More »
Hurricane aftermath: ‘Catastrophic’ damage; economic losses
The Florida Trend reports that “the scope of the devastation brought by Hurricane Michael came into sobering focus on Thursday as rescue workers searched a ruined landscape of splintered homes, toppled trees and upended vehicles that stretched across much of the Florida Panhandle.” Here’s Hurricane Michael, by-the-numbers: • 6 confirmed dead (ABC News reports 8 dead)… Read More »
Recent Wall Street Journal Article Details Ways Insurers are Trying to Speed up Claims Process but Some Worry New Practice May Lead to More Mistakes
A recent WSJ front page article detailed how several insurance companies are attempting to assess and settle their home insurance claims using technology such as drone photography and videography instead of sending a trained adjuster to inspect the damage. Some companies have even provided insureds with smartphone apps encouraging the to take video of… Read More »
5 popular misconceptions about homeowners’ insurance
Source: PropertyCasualty360 According to a recent study, 59% of homeowners didn’t know what ‘replacement value’ means in terms of home insurance reimbursement. (Photo: Shutterstock) PropertyCasualty360.com reports that a new survey from Insurance.com surveyed 1,000 homeowners to find out how much they know about their home insurance policy, if they shop for the best rates,… Read More »
Find Out If You Have the Right Amount of Homeowner Insurance
According to the Sun Sentinel, three of every five homes in America are underinsured by an average of 20 percent. This ultimately suggests that you, the homeowner, would be responsible for fire, tornado, hurricane or any other disaster damage, not the insurance company. To prevent this risk, it is imperative to review your insurance… Read More »
What Does Federal Flood Insurance Cover?
Even though the future of the National Flood Insurance Program is uncertain, the federal government is encouraging property owners to obtain flood insurance. Standard homeowners insurance policies don’t cover flood damage. According to the Florida Office of Insurance Regulation, only 13 private companies offer flood insurance that doesn’t piggyback on federal policies. Nine companies… Read More »
Going to Mediation to Resolve Your Insurance Dispute
What options do you have when your homeowner’s insurance provider denies your claim or another dispute arises? “Lawsuit” might be the first word that comes to mind, but homeowners actually have several options that don’t involve litigation. One of these options is mediation, which is an informal process that involves a neutral third party… Read More »