Insurance

I recently had a customer ask if a claim was ever made for personal property what is needed to actually obtain that amount to replace the covered items. In a standard Florida homeowners insurance policy, there is a section called the “Conditions” section.  In the conditions section is a paragraph...

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We were recently going over the personal property coverage with a first time home buyer and he said, “if my house burns down and my car is in the garage, will my home insurance cover it.” And the answer is…..unfortunately, no.  In a standard home insurance policy there is a...

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Today we’re talking about high points of hail damage.  The first thing you need to know is that hail damage is typically covered under a standard HO3 policy.  The HO3 policy is the policy that provides coverage for sudden and direct losses unless the cause of the loss is a...

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Did you know that the number one natural disaster in the US according to FEMA is flooding?  In fact, annual flood damage has been averaging close to $10B per year.  Here’s a stat that will boggle your mind.  Over the course of a 30 year mortgage, you have a one...

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Many times, we find customers changing the occupancy of their home from a primary residence to a rental property and they forget to update their insurance accordingly.  In most primary residence policies, there is verbiage that will exclude coverage for damage to your personal property and exclude coverage for liability...

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Did you know that many insurance companies have verbiage in the policy that will cap payouts from water damage at $10,000 on older homes?  In this situation, we’re not talking about water back up but rather damage caused by pipes breaking or leaking, appliances leaking, roofs leaking, etc.  You see...

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