Category Archives: Property Insurance
What Are the Unique Hazards Faced by Fort Lauderdale Homeowners?
As a large state, Florida is home to many different environments. Those living in coastal areas can experience much different weather to those who live inland. Depending on where you live, you might be close to everglades, coral reefs, barrier islands, dunes, marshes, and rolling hills. Instead of considering the general hazards posed by… Read More »
I Don’t Have Home Insurance: Can I Still Get Compensation for Property Damage?
According to recent reports, 15% of homeowners in Florida are now choosing self-insurance. This represents a major increase compared to pre-pandemic levels, and it is not difficult to see why people are making this shift. Premiums are punishingly high, and they seem to get higher and higher each year. If you chose self-insurance and… Read More »
Does My Property Insurance Pay a Contractor Directly in Fort Lauderdale?
Even if your property insurance company agrees to pay for the damage to your home, the manner in which they pay for the damage may vary. You may wonder whether the insurance company will pay the contractor, or whether you will simply receive a check for the amount you need for the repairs. To… Read More »
Third-Party Financing for Property Insurance Lawsuits in Florida: Myth or Reality?
In the modern era, lawmakers and insiders are constantly arguing that the insurance industry is under threat. These arguments almost always oppose measures to make the insurance industry more amenable to average homeowners who are just trying to pay the bills. One of the latest “threats” to the insurance industry voiced by lawmakers and… Read More »
Insurance Companies Fined for Denying Property Insurance Claims in Florida
Insurance companies continue to face consequences for denying property insurance claims in Fort Lauderdale and other areas devastated by hurricanes in recent years. Insurance Business Magazine recently reported that two insurance companies faced fines of $250,000 each for violating various regulations, and this is a positive sign for homeowners in Florida who need relief…. Read More »
Investigation Into Hidden Profits by Florida Insurance Companies Goes Nowhere
For many years, insurance companies in Florida have had a grim outlook on the insurance market in the Sunshine State. No matter which insurance CEO you ask, you’ll probably hear a story about serious losses, unstable markets, and the possibility of leaving Florida altogether. While this certainly presents an uncertain future for the insurance… Read More »
Is My Property Insurance Company in Fort Lauderdale Allowed to “Drop” Me?
Today, countless Florida homeowners face the risk of losing home insurance. This loss can occur in many ways. First, home insurance may simply become too unaffordable for a property owner, to the point where they have no other option but to walk away. Another possibility involves being “dropped” by your insurer. But are insurance… Read More »
How Does Manufactured Home Insurance Work in Florida?
Manufactured homes go by many names, including trailers and RVs. Many Fort Lauderdale residents live in trailer parks, and these tight-knit communities offer opportunities for stability and affordability. Whether you’re just approaching trailer park life for the first time or this is a familiar living environment, you may have questions about home insurance. How… Read More »
Insurer of Last Resort Blocked from Preventing Property Insurance Lawsuits in Florida
The insurer of last resort in Florida is Citizens, and many homeowners in Fort Lauderdale are extremely familiar with this state-owned company. The insurer of last resort is required to offer homeowners insurance, even if they have been dropped by other private insurers. That being said, the fact that Citizens is a state-owned company… Read More »
California Overtakes Florida as the Riskiest Property Insurance Market
California is now the riskiest insurance market in the country, according to recent statistics. This is largely due to the threat of wildfires, which is now seen as more of a threat than Florida’s infamously severe storms. What does this mean for the average Florida homeowner? Will insurance rates decrease as a result of… Read More »