It’s been a few months since Florida’s new assignment of benefits (AOB) laws went into effect. AOBs generally authorize vendors (contractors, water remediation companies, etc.) to collect payment for their work directly from the owner’s property insurance company. AOBs are commonly included in contracts and can be easily abused...
The Atlantic Hurricane Season officially begins June 1st, but the unofficial peak of hurricane season doesn’t begin until August. According to the National Oceanic and Atmospheric Administration, tropical activity spikes from mid-August through mid-October. In other words, the unofficial peak of the 2019 hurricane season is officially underway. Before hurricane season began,...
In a previous article we introduced you to the sweeping statutory reform of Florida’s assignment of insurance benefits (AOB) laws. This reform was designed to limit the use of post-loss AOB agreements by insureds to assign their rights under an insurance policy to a third party. Home and...
A personal umbrella insurance policy can protect you and your family against catastrophic losses by providing an extra layer of coverage. “Everyone should have an umbrella policy,” says Ralph Byer, Merrill Lynch Managing Director and Wealth Management Advisor. “It doesn’t take much to exceed the...
Vacations are supposed to be relaxing and hassle-free. That’s why we spend so much time planning the perfect getaway. Unfortunately, the universe doesn’t know (or care) about our travel plans. Things can still go wrong. When they do, Travel Insurance can be there to help....
Is your home in a flood zone? You can easily find out by looking at a map of your state. If your house is located anywhere on that map, it’s in a flood zone. It’s true. Just look at the flooding caused by Hurricane Harvey...
How valuable is your home? It’s probably the most expensive thing you own. It’s probably the most important thing too. Homes aren’t like other property. Their market value can be measured financially, but their true value is measured emotionally. It’s the emotional investment that makes...
And…. we’re off! Everyone knows that the 2018 Atlantic Hurricane Season officially began on June 1st. Well, everyone but Alberto, the subtropical storm that became the first named storm of the season on May 25th. Nevertheless, this is the time of year when we remind...
How long has it been since you reviewed your homeowners’ insurance coverage? For most of us, it’s been too long. We just keep renewing the same policy we purchased years ago. After all, if it was good enough then it should be good enough now,...
Many of us will remember 2017 as the year of natural disasters. Even if you weren’t in the path of a coming storm or a spreading wildfire, you probably knew someone who was. It was a year of hurricanes, wildfires, flooding and severe weather. Economic...