Category Archives: Homeowners Insurance
With More Tropical Storms On The Way, Florida Is In Store For More Hurricane Damage
Unfortunately, hurricane season was catastrophic this year. Because of warming sea temperatures, those like Harvey and Irma have triggered devastating and widespread flooding, with nearly 6.5 million people or a third of Florida’s population having to evacuate. Disaster Unemployment Relief Thousands of Floridians are already having to apply for temporary disaster unemployment relief claims… Read More »
Hurricane Claims Process For HOA Buildings Insured Under Standard Flood Insurance Policy
Recently, the Federal Emergency Management Agency (FEMA) released guidelines concerning the flood claim process for buildings that are part of a Standard Flood Insurance Policy (SFIP), attempting to expedite payments to policyholders after inspecting damages. In some circumstances, FEMA is also empowered to authorize payments to policyholders even before inspections are done if the… Read More »
Floridians Still Waiting On FEMA And Insurance Payments
To say that many Florida families have been waiting for assistance from the Federal Emergency Management Agency (FEMA) after Hurricane Irma is an understatement: It has been over a month, and still, many families are waiting for someone to come out and just inspect their flood-damaged homes so that they can move on and… Read More »
Your Rights As A Florida Hurricane Victim
Florida property owners have thus far filed reportedly $2 billion in claims to their insurance companies seeking assistance for damage caused by Hurricane Irma. The storm was ranked as one of the most powerful to hit the Atlantic, and killed at least 33 people in the state of Florida alone. It is crucial that… Read More »
“Bare Walls” Or Full Insurance Coverage for Homeowners Associations: A Discussion
When it comes to running a homeowners association or condominium and all of the upkeep and operations associated with these types of properties, it is important to understand the ins and outs of insurance coverage and liability. For example, “bare walls” insurance plans are often discussed in associations that want to limit the cost… Read More »
When Florida Homeowners Associations Have To Bring Claims against Developers
Recently, one of the largest home builders in the nation lost a $16.3 million judgment to a condo association after the judge found that it had engaged in deceptive practices, leaving the association in poor financial condition. The company—D.R. Horton—started developing the association—Majorca Isles Master Association in Miami Gardens—back in 2005, but decided to… Read More »
Survey Shows That Americans Know Very Little About Insurance Policies
A new survey conducted by PolicyGenius reveals that while many Americans may believe that they understand their insurance policies, in fact, they do not, resulting in the mistaken belief that they are often the victims of bad faith insurance decisions. Unfortunately, this mistake could end up costing policyholders a fortune: Not only did the… Read More »
Florida Homeowners and Condominium Association Powers during a State of Emergency
Anyone who’s lived in Florida knows that we go through a “state of emergency” from time to time, either due to heavy rains, tropical storms, hurricanes, or other natural disasters. When there are events which give rise to property damage, this will inevitably lead to insurance disputes, as upkeep and welfare issues arise with… Read More »
