Category Archives: Property Insurance
Two New Atlantic Systems: Storms to Come?
We have seen quite an active Atlantic hurricane season so far, and there are now two more areas that are being watched by the National Hurricane Center (NHC) for possible storm development. One of the systems is projected to hit central and western Carribean later this week, with possibilities of it forming into a… Read More »
As Dust Shield in Atlantic Weakens, Hurricane Season May Strengthen
Experts are predicting that this 2020 hurricane season may be one of the most active, extreme seasons yet. Up until now, there has been a dusty layer covering Florida and the Gulf/Caribbean, acting as a shield against possible storms. This shield is known as the Saharan African Layer, (SAL), which collects moisture that stops… Read More »
Water Damage in the Home
Water damage is responsible for almost 24% of all total homeowner’s insurance claims, and can cost homeowners thousands. It is important to know what your insurance covers, as well as what steps you can take to help prevent water damage from occurring. Typical homeowner’s insurance policies cover accidental, unexpected damage, as opposed to gradual… Read More »
America Facing Higher Flood Risks Than Previously Thought
New studies are showing that there are actually close to twice as many properties throughout America that are susceptible to flood damage then data previously showed. As the issue of fast moving climate change continues to accelerate, this threat to millions of peoples’ properties will grow as well. There are an estimated 14.6 million… Read More »
What to do when your insurer denies your business interruption claim?
Your business interruption policy may entitle you to benefits due to losses and expenses related to the COVID-19 pandemic. A decrease in revenue resulting from government orders to close or operate on a limited basis may qualify you for payment from your insurance carrier. Costs such as rent and loan repayments may also be… Read More »
More days of darkness, heat: Florida hurricane recovery won’t be fast in the time of COVID-19
Source: Miami Herald By: Adriana Brasileiro and Alexis Harris Every year before hurricane season, Florida Power & Light and others on the front lines of disaster response make plans to bring reinforcements from other states to help if a big one hits. In the past, contractors and crews have come from as far away… Read More »
One Year Later … The Climate of AOB After HB 7065
It has been more than one year since The Florida Legislature passed a bill that significantly impacted the assignment of benefits (AOB) industry. The bill took effect July 1, 2019. Roofers, contractors and mitigation companies continue to feel the tremors of the new changes of House Bill 7065. The bill requires that certain language… Read More »
FEMA approves additional $10.3 million for Panama City
Source: Panama City News Herald Panama City is set to receive about $10.3 million in additional FEMA funds for reimbursement of debris removal costs following Hurricane Michael. According to a press release from FEMA, between Oct. 10, 2018 and Nov. 24, 2018, workers removed more than 1.2 million cubic yards of debris from public rights of… Read More »
Hurricane Michael: $1 Billion for Community Recovery Funds
It’s been almost a year and a half since Hurricane Michael took its toll on Florida’s Panhandle, and unfortunately, communities are still dealing with its effects- however, there has been some recent good news for those affected residents. Governor Ron DeSantis announced that there would be $1 billion in aid that will go towards… Read More »
FEMA Releases New Floodplain Maps
FEMA has released new flood maps that has left homeowners with mixed emotions. Some have learned that their homes have gained elevation, while others are feeling uneasy after discovering they have lost it. Bay side homes seem to have gotten better news, while ocean side homes are dealing with updates that are not ideal…. Read More »
