Reasons Why You Should Get Insured

7 Reasons Why You Should Get Insured Insurance is a form of financial risk management used to protect against the risk of contingent loss. Humans face daily risks such as theft, fire incident, untimely death, accident, business failure, natural disasters etc. Risks cannot be prevented but can be managed to produce minimal or no effect on the victim. This is one of the reasons behind the existence of insurance companies. […]

Spring Cleaning Tips For Homeowners

Spring Clean Like A Pro and Avoid These Common Insurance Claims As you start to sort through the clutter of your spring cleaning checklist, be sure to include a few valuable points that improve the quality of your home as well as protect against potential disaster. Most claims for homeowners insurance in Florida can be avoided with a little wise preparation. Clear Away Lint The vent hose on the back […]

Safety Tips To Avoid Insurance Claims

Every claim you make to your auto insurance or Florida homeowners insurance is a potential increase in your premium. Car insurance in Florida quickly increases in cost even for minor claims. Practice these easy and convenient habits to reduce the risk of a possible catastrophe. Road Safety 80 percent of vehicular accidents and even close calls are the direct result of a driver being distracted. Cell phones, in particular, are […]

Attic Storage Can Cause Homeowner Grief, Hazards

Homeowners who don’t pay attention to what’s going on in their attics can face costly damage that can spread throughout their entire home, warns a new survey sponsored by the Chubb Group of Insurance Companies. According to the survey of 1,000 adults, a little more than half of homeowners—some 52 percent—have discovered critters such as mice, squirrels, bats and bees living in their attics; meanwhile, one in 10 homeowners have […]

Florida’s Top 10 Sinkhole-Prone Counties

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 […]

IJ: Weekly Reader Picks

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 […]

Florida ‘Hurricane Tax’ Being Retired

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 […]

How Credit Scores Affect Insurance Rates

Back in the good old days insurance rates were determined by the driver’s age, sex, driving record and the type of car.  At that time you paid for homeowners insurance based on the type of construction and you got a big discount if you lived within three miles of a fire station.

Can you Afford to Rebulid After a Hurricane?

Every year, hurricanes cause millions of dollars worth of damage to Florida homes and businesses. Hurricane insurance can be complicated, and laws about it have changed several times during the past few years. The important question to ask yourself is, “if a hurricane wallops my area, can I afford to rebuild my home?” For most of us, that answer is “no,” so we need to be sure our hurricane insurance […]