Category: Home Insurance

Rising Flood Insurance Rates

Homeowners Are Feeling the Pinch from Rising Flood Insurance Rates.  Homeowners throughout the Tampa Bay area could see flood insurance rates rise, again. Simply, the National Flood Insurance Program, which provides many such policies in the region, is likely to continue to raise insurance rates for homeowners. The reason is easy to see, as flooding continues to be a concern as massive hurricanes continue to... Read Article

Keeping up with Real Estate Risks

Here are a few risks that you have to take into account when talking about real estate:   Contractual Liability Properly written contracts provide crucial protection, particularly when it comes to liability stemming from an accident or security lapse on a site. For instance, New York City’s “Sidewalk Law”  olds property owners responsible for maintaining the sidewalk in front of their buildings in good repair. The... Read Article

Insured losses from Hurricane Irma in Florida at nearly $2 billion

In the Tampa Bay area, Polk County had the highest number of claims, with more than 10,001, a map from insurance regulators indicated. Insurance regulators declined to provide specific numbers for each county. Hillsborough and Pinellas counties had between 5,001 and 10,000 claims each; Pasco, Manatee and Sarasota counties had between 2,501 and 5,000 claims each, and Hernando County had between 1,001 and 2,500 claims,... Read Article

What to do before and after the storm

Before the storm  The CFA offers these three tips:  Locate your homeowners or renters policy, and make sure it's in a safe place where you can reach it after the storm. Review your policy to find out how and where to report a claim. If possible, document your belongings with photos or a video tour. The Property Casualty Insurers Association of America also recommends a... Read Article

Do You Need Homeowners Insurance?

If you own a home and have a mortgage it is likely that you have a Homeowners Insurance policy. To qualify for a mortgage and to maintain it, most mortgage lenders demand that you have this protection. As a minimum, your homeowner’s insurance policy protects you financially in the event of fire or vandalism. Separate flood insurance also protects you from water damage caused by... Read Article