Florida homeowners have endured years of rising property insurance premiums, shrinking coverage options, and increasingly expensive deductibles. During the state’s insurance crisis, lawmakers and industry representatives repeatedly pointed to excessive litigation as a major reason insurance costs were becoming unaffordable. That argument helped shape sweeping property insurance reforms in 2022 and 2023, including changes that...
Monthly Archive: May 2024
The insurance company may list the mortgage company on a homeowners insurance claim check because the policy includes a mortgagee clause, sometimes called a loss payable clause. When a lender finances a home, the home secures the mortgage loan. To protect that interest, the lender requires the homeowner to maintain property insurance and list the...
Mistakes That Can Hurt Your Tampa Home Insurance Claim Tampa homeowners purchase insurance with the expectation that it will provide financial protection when disaster strikes. Whether a home is damaged by a hurricane, tropical storm, windstorm, fire, water leak, lightning strike, hailstorm, or another covered event, policyholders expect their insurance company to fairly investigate the...
From the moment a property insurance claim is reported, the insurance company begins evaluating the facts, the damage, the policy language, and every statement made about the loss. A recorded statement is not always a harmless formality. It can become part of the claim file and may later be used to challenge coverage, causation, the...
Water damage is one of the most common and expensive reasons Tampa homeowners file insurance claims. A burst pipe, a failed water heater, a hidden plumbing leak, an overflowing appliance, or a broken washing machine supply line can quickly send water through floors, walls, cabinetry, and ceilings, leaving homeowners with costly repairs and an insurance...
Florida homeowners insurance may cover mold damage when it results from a covered water loss, such as a sudden pipe failure, appliance malfunction, or storm-related roof damage. However, coverage depends on the cause of the moisture, the policy’s exclusions, and any limits on mold remediation benefits. Insurance companies frequently deny mold claims by attributing the...
A denied or underpaid GEICO car accident claim can leave Florida accident victims facing substantial medical bills, lost wages, and financial uncertainty. Whether GEICO is your insurer or the insurer of the driver who caused the accident, a claim denial can create significant obstacles to recovering compensation for your injuries. GEICO may dispute liability, question...
A severe hailstorm can cause thousands of dollars in damage to a Florida home, leaving homeowners with costly roof repairs, damaged exterior components, and unexpected disputes with their insurance companies. While some hail damage is immediately visible, other problems may go undetected until leaks develop or a professional inspection reveals cracked roof tiles, fractured shingles,...