Usually not. Florida insurers issue a "binding moratorium" when a tropical storm or hurricane threatens the state, which stops them from writing new policies or increasing coverage until the storm ...
Florida homeowners policies must cover "catastrophic ground cover collapse," but full sinkhole coverage is usually optional and costs extra. This matters in Central Florida, one of the most sinkhole-prone regions ...
A wind mitigation inspection documents your home's hurricane-resistant features on Florida's official OIR-B1-1802 form, and insurers are required to offer premium credits for those features. For many Central Florida homes, ...
Under Florida Statute 627.7011, an insurer cannot refuse to issue or renew a homeowners policy solely because the roof is less than 15 years old. If your roof is 15 ...
A Florida hurricane deductible is usually a percentage of your dwelling (Coverage A) limit, commonly 2%, 5%, or 10%, and it applies to hurricane damage instead of your regular deductible. ...
Florida homeowners insurance costs more than most states mainly because of hurricane risk, the high cost of reinsurance insurers must buy, and years of heavy roof-claim litigation. Central Florida homes ...
There are a number of things you can do to lower the cost of your homeowners insurance. The easiest thing to do is get a comprehensive review of your ...
The typical homeowners policy has two main sections: Section I covers the property of the insured, and Section II provides personal liability coverage for the insured. Almost anyone who ...
Covered losses under a homeowners policy can be paid on either an actual cash value basis or on a replacement cost basis. When “actual cash value” is used, the ...
Here’s a checklist of things you should consider when you purchase homeowners insurance: Determine the amount and type of insurance that you need. The coverage limit of your house ...
