Category Archives: Homeowners Insurance
Power Surge Exclusions
A power surge is an extreme spike in your home’s electrical line, and a power spike can cause damage or destruction to a variety of expensive electrical devices. A surge protector will not protect against very high spikes, such as an electrical surge from lightning. Unfortunately, most homeowners’ insurance policies do not cover power… Read More »
What Constitutes a Valid Offer on a Covered Loss?
Insurance is a lucrative business, whether it is medical, homeowner’s, auto, or any other kind. Why? Because most people do not need to use their insurance very often, or ever when it is for something like homeowner’s coverage, and when they do, their premiums that they have paid for years to their insurance company… Read More »
How is an Attorney Paid in a Homeowners’ Insurance Case?
Most attorneys collect legal fees on a contingency basis for homeowners’ insurance claims. A contingency fee means that your attorney only gets paid if they win your case. Their fee is usually one third of the settlement (according to the American Bar Association), or up to 40 percent if the case goes to trial… Read More »
What is a Covered Loss?
Your homeowner’s insurance pays for damages only when the insured property in question is covered. A covered loss, or a covered peril, could be your roof during the event of a fire, or your garden shed during the event of a hurricane. An attorney can help you figure out what is covered in your… Read More »
Do I Need Homeowners’ Insurance?
If you have a mortgage with a bank, the lender will require that you purchase insurance to protect the home against fire, natural disasters, and other types of damage. Homeowners’ insurance can be purchased at a very low rate for beginning packages, and there is no reason that a homeowner should ever go without… Read More »
Types of Homeowners’ Insurance
According to ValuePenguin, Florida has the highest rate of homeowners’ insurance claims in the country. This is because Florida is prone to natural disasters such as hurricanes and a “rainy” season. Before you ever need to submit a claim to insurance for your home and possessions, it is wise to consider what insurance you… Read More »
Vandalism Claims
If you are the unfortunate victim of home vandalism, the last thing you need right now is to be denied coverage by your homeowners’ insurance. However, vandalism claims are often denied. Insurance companies routinely offer low settlements for vandalism, arguing that the damage you have suffered is much less than what you claim. If… Read More »
Denied Mold Claim
Was your mold claim denied by your homeowners’ insurance provider, or did they offer a settlement that is simply far too low to repair the damage? If so, there is still hope. A large percentage of mold claims are denied the first time around by insurance companies, and you may have nothing to worry… Read More »
Roof Damage
What is the most important part of the house? The foundation, walls, or the roof? There is no true answer to that because without one, everything fails. However, the roof is the most likely to suffer damage in Florida. Whether your roof damage was caused by a tropical storm or subpar construction, your homeowners’… Read More »
Future of the National Flood Insurance Program
As private insurance companies have realized that providing flood damage insurance is unprofitable, the federal National Flood Insurance Plan (NFIP) is virtually the only insurer left standing against flood damage. That may all change in the coming years, or even sooner, now that the program is set to expire September 2017, according to the… Read More »
