How Long Does an Insurance Claim Take in Florida? Seven Key Deadlines.
Filing a property insurance claim in Florida on your home or business? You’re not alone, as natural disasters make property-insurance claims a reality for thousands of property owners in Florida each year. But don’t worry: Whether it’s a homeowners claim, condo claim,.....
Understanding the New Proof-of-Loss Form Requirements in Florida.
Most states have no form requirements for a proof of loss. Not Florida. It’s one of the few states that mandates specific language be included in a proof of loss. That required language hasn’t changed, but as part of Florida’s 2023 updates.....
What Is a Public Adjuster? An Overview of This Important Profession
You’ve likely heard of insurance adjusters, but what is a public adjuster, and what do they do? In this article, we’ll look at this important profession in-depth and explore how they can help you (a policyholder) deal with a property damage claim. The Role of.....
Property Coverages in Homeowners Insurance: Everything You Need to Know.
As a homeowner, you know that the main building on your property is insured. But what about other structures on your property, like a shed or freestanding garage? And what about the stuff inside your home, like TVs, furniture, and jewelry? We.....
The AOB Guide for Florida Property Owners: Rights, Requirements, and FAQs
In Florida, the use of an assignment of benefits (AOB) has become increasingly popular as a means of streamlining property insurance claims. They also have come under fire from insurance carriers, and as part of the recent sweeping property insurance reforms in.....
Actual Cash Value vs. Replacement Cost in Property Insurance Claims: A Comprehensive Guide
There are two basic methods for calculating the payment you’re owed on a property insurance claim: actual cash value and replacement cost value. What’s the difference? Actual cash value (ACV) discounts your reimbursement based on the age and condition of your property,.....
FAQs: Everything You Need to Know About Additional Living Expenses Insurance Coverage
Welcome to our FAQ on additional living expenses (ALE) insurance coverage! If you’re a homeowner’s insurance policyholder, you may have come across the term “ALE” and are wondering what it means and how it can help you in the event of a.....
Are Disaster Losses Tax Deductible?
If a federally declared disaster like a hurricane damages or destroys your home or other property, then you may be able to deduct those losses from your income taxes. Read below to understand whether this deduction could apply to you. The Federal.....
Homeowners: 5 Things To Do After A Property Loss
You can feel overwhelmed and stressed after a property loss, but the first steps are easy. Take a deep breath. You’ll have time for all the details later. Here are the 5 things you want to do immediately after a property loss......