Most standard home insurance policies in Florida are written on an HO3 form. This is commonly referred to as a special coverage form or an open perils form. These policies commonly have verbiage that states that the insurance company will “insure for sudden and accidental direct loss to property”. However,...
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...