Category Archives: Property 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 »
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are currently urging for mandatory disclosure of flooding to be adopted in the state and national levels due to outdated FEMA flood maps causing homeowners to have risk of uninsured damages and more risks of flooding in general.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 »
Citizen Insurance Receives Approval for Rate Hikes in Broward and Palm Beach
Citizens Property Insurance Corporation has just received approval on an average 9.6 percent rate hike for policyholders in Broward, which will take effect on December 1st, resulting in average premiums increasing from $3,057 to $3,351. As for Palm Beach County, the state Office of Insurance Regulation approved an average 4 percent rate hike. This… 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 »
How to Prevent Storm Damage
Windstorms can do a lot of damage to one’s home or business, which is why it is so important to prevent it in any way possible. Here are some prevention tips that can help potentially avoid some, or even all possible windstorm damage from occurring in your home or place of work. Bring any… Read More »
Stop giving hurricane victims the insurance run around
The residents of Florida have dealt with the consequences of hurricanes for years. Home damage and flooding are two major factors that affect the life of all residents. In addition to this, over the past years there has been another major consequence that went from being a blessing to a curse: insurance. The Tampa… Read More »
No Move to Tighten Building Codes As Hurricane Season Starts In Florida
Panama City and other Panhandle residents have suffered from the consequences that Hurricane Michael and Hurricane Andrew have had on their homes. The strong winds of this storms wiped out the homes of some of this residents leaving them with nothing behind. Leslie Chapman-Henderson head of the Federal Alliance for Safe Homes, spoke to… Read More »
FEMA Sending Almost $120 Million to Miami-Dade for Hurricane Irma Debris Removal
According to the Florida Daily, U.S. Rep Debbie Mucarsel-Powell announced that the Federal Emergency Management Agency (FEMA) was sending $119,063,620 to Miami-Dade County to help remove debris left behind from Hurricane Irma. The congresswomen and representative of the district specified different areas where the funding was necessary, like the Florida Keys Electric Cooperative and… Read More »