Congratulations to ABC Action News ITeam reporters for clearly explaining the state of Florida’s Property Insurance situation in their Florida Insurance Disaster show. There are still home and business owners battling their insurance companies trying to rebuild. While we applaud Florida’s My Safe Florida Home Program and the recent fine of an insurer not complying with claim regulations during Hurricane Ian,…
Borrowing a line from the late Judge Gideon J. Tucker who in 1866, opined: “No man’s life, liberty or property are safe while the Legislature is in session.” This quote is as appropriate today as it was when it was first written, especially as we examine legislators’ failure to protect Florida residents earlier this year in…
Q. If the home is a vacation home that is destroyed, are we entitled to ALE? The ALE coverage on the loss statement they sent us says zero but we are going to have to incur multiple airline trips and rental bills in order to set up demolition and then the complete rebuilding of our home.…
The following is an insurance claim question we answered for a policyholder through the United Policyholders Ask an Expert Forum. Q. Does the insurance company pay Overhead & Profit to the insured in Florida for reconstruction of property damage? What percentage is allowed? A. On the surface this is a simple straight forward question but not always a…
Almost two months into the 2017 hurricane season, most of the pundits have upgraded the likely number of tropical storms we can expect in the Atlantic basin this year. Of course, these experts can never tell us when and where the storms will impact a particular geographic area, but what we all can do is…
We are getting a number of inquiries from policyholders following the passing of Hurricanes Hermine and Hurricane Matthew about damages to docks, piers, and other man-made structures built over or close to the water. As both of this year’s hurricanes remained offshore for most of their passing, the tropical storm forced winds nonetheless caused quite…
While some media outlets are reporting that water is starting to subside in some of the hard hit areas of Columbia and Charleston, others are reporting on the dam failures that could compound matters and make things much worse. If some of the media reports are correct, many of the good folks in South Carolina…
A few years ago I was invited to speak at a conference of insurance professionals in Rhode Island. My topic was surplus lines insurance which at that time was a very hot topic, at least in Florida as there was a pending Florida Supreme Court case that had it turned out different, could have changed…
Q. A shower pan leak caused wood floor damage. Our insurance company says damage from a shower pan is not covered. That seems absurd to me. There is no way we could have known there was a leak until we saw the wood warping. Should our insurance claim be covered? A. Your issue is a very common…
The 2015 Windstorm Insurance Conference at the Roosevelt Hotel in New Orleans was a huge success with 850 in attendance. The annual event is all about the best of the best in the property insurance industry that volunteer their time to teach and educate attendees on the latest trends. As a side benefit, the networking with…