Florida hailstorms can cause extensive damage to your property. The extent of damage will depend on the size of the hail and the amount of wind and rain associated with the storm. Most insurance policies require you to...
General
An inflation guard coverage endorsement is an add-on to an insurance policy that automatically increases the coverage limits to keep pace with inflation. This type of endorsement is typically used in property insurance, such as homeowners or commercial property insurance, to ensure that the insured value of the property remains adequate over time as construction...
When Florida homeowners face disputes with their insurance companies—whether over-denied claims, underpayments, or delayed settlements—they often need a resolution that can avoid the costs and complexities of a court trial. Mediation, binding, and non-binding arbitration offer alternative dispute resolution (ADR) options in these situations. Understanding the differences between these methods and choosing the right one...
Public Adjusters and Attorneys are integral to protecting Florida homeowners. Public insurance adjusters and property damage lawyers often work together to help maximize the recovery of the client’s insurance claim. The Public Adjuster and the Attorney have separate but crucial roles in the insurance claim process. A recent study found that public adjusters significantly increased...
Actual Cash Value vs. Replacement Cost Value: Understanding Your Homeowners’ Insurance Options When purchasing homeowners’ insurance, one of the key decisions you’ll need to make is whether to insure your property and belongings based on Actual Cash Value (ACV) or Replacement Cost Value (RCV). These two valuation methods can significantly affect the compensation you receive...
What Every Florida Property Insurance Policyholder Should Know Insurance companies are supposed to provide financial protection and peace of mind by honoring their policy commitments. However, when insurers fail to act in good faith, policyholders may face undue stress and economic hardship. Understanding the signs of bad faith insurance practices can help you identify when...