Florida houses many attractive reasons to live in, but hurricanes and sinkholes are on the not so attractive list. Sinkhole losses have been on the rise the last few years in Florida. According to a report by the state, 211 property insurers responded that claims increased from 2,360 in 2006 to 6,694 in 2010, totaling 24,671 claims. The total dollar amount of those claims was approximately $1.4 billion. RiskMeter’s Top 10 […]
Top 10 for the Past Week A Guide to Homeowners’ Liability for Injury to Trick or Treaters Oct 31, 2014 — Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to … The Hartford Offers Lump-Sum Pension Buyouts to 13,500 Former Workers Oct 28, 2014 […]
Insure.com said it recently surveyed 2,000 adults, half women and half men, from all regions of the country, asking them whether 10 insurance-related statements were true or false. All the statements were false, according to the online insurance provider. 10 Myths Below are 10 insurance myths, with the realities and comments provided by insure.com, and the gender breakdown of those who believe the myths are true. Myth 1: I should buy […]
Along with all the concerns regarding the ongoing Ebola epidemic, here’s one many people probably haven’t considered: What about health care and life insurance costs if the disease were to become widespread in the U.S.? The effects on the Life and Health insurance industries will clearly depend on whether the infected people are insured. Some of those who have died up to now were children and almost certainly did not […]
The Florida Bar provides an article that sums up important items to know about Auto Insurance in Florida. Automobile Insurance coverage must consist of at least $10,000 of personal injury protection (PIP) insurance and a minimum of $10,000 of property damage liability insurance. Though highly recommended, Bodily Injury Liability coverage (BIL) is generally not required in Florida. BIL pays for serious and permanent injury or death to others when your car […]
Policies in Florida will decline by 1.3 percent after state regulators terminated an emergency assessment. Catastrophe Fund has nearly $13 billion available to pay future claims. READ MORE HERE
The child car seat belt law has changed in Florida due to a new law passed by Florida Governor Scott. No more strapping your 5 year old children in with normal adult seat belts. CLICK HERE to read more.
The Florida Cabinet voted this week to end the assessment, a 1.3 percent surcharge on policyholders, that was initiated in 2008 and had been expected to continue until 2016. State law requires an assessment whenever the Florida Hurricane Catastrophe Fund (FHCF) does not have enough cash to pay insurers for the losses they incur. The surcharge, called the “hurricane tax” by some, is used to fund revenue bonds to pay […]
We all know the importance of car safety. We depend on cars to get around everywhere and most of us probably drive enough to need to pay attention to the health of our cars. Every day the news channels depressingly report of stories of major car accidents, sometimes fatal, and these accidents are just the type of thing you want to try and avoid. I know, way to state the […]
Hurricane season has begun, but you can still take steps to minimize the risk of damage to your home if a named storm swoops down on Central Florida this year. Here are 10 ways you can beef up your home’s protection before a hurricane approaches – don’t wait until a storm is on its way!