Florida’s hurricane season is June 1 to Nov 30. Even if you aren’t on the coast, most areas of Florida seem to get a lot of strong storms with high winds this time of year. Proper hurricane preparation can help you avoid the frenzy that happens the week leading up to a storm and can […]
Lighthouse Insurance News
Lighthouse Insurance, which has policies under Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company, is the third Florida carrier facing insolvency this year. Lighthouse insurance announced that it would no longer write new policies in mid-February. At the end of March, Demotech withdrew its financial stability rating. This is a very bad sign for […]
Florida Insurance Cancelled or Non-Renewed?
Is your insurance cancelled or is your insurance non-renewed? Maybe it’s not cancelled yet, but you’ve gotten the notice from the company in advance. First, I’m sorry to hear that. I know it can be stressful, especially when you had everything already set up previously. You probably have some questions: Those are all good questions, […]
St. Johns Insurance News
St. Johns Insurance Company is now insolvent and set to be liquidated. This news came at the end of February, and was the 5th company to become insolvent since 2019 joining Florida Specialty Insurance Co, Windhaven Insurance Co, American Capital Assurance Corp, Gulfstream Property and Casualty. (Shortly after the St. Johns Insurance announcement, Avatar Insurance […]
Avatar Insurance News
Avatar Insurance or Avatar Property & Casualty Insurance Co. is the second Florida carrier facing insolvency this year. Avatar announced that it would no longer write new policies in mid-February. Soon after, Demotech withdrew its financial stability rating. This is a very bad sign for an insurer, as most mortgage lenders require an A-rating to […]
What is Ordinance or Law Coverage?
What is Ordinance or Law Coverage? Is it important? Should I have it on my Florida home insurance policy? Those are good questions. For most coverages, you can get an idea of what it is based on its name, but Ordinance or Law isn’t immediately apparent, and many homeowner’s don’t know what this coverage is […]
Free Roof Inspection – What Should I Do If Someone Wants to Inspect My Roof?
I’m getting bombarded with offers for a free roof inspection! Has someone knocked on your door recently offering to inspect your roof for storm damage? Maybe you got a letter or door hanger about inspecting your roof. Why are roofers doing this? Should I let them do the inspection? What should I be concerned about? […]
My Florida Roof Isn’t Old. Why are the Guidelines So Strict?
That’s a good question. Your Florida roof is probably rated for 30 years, right? If it’s only 15 or 16 years old, why are you so limited with your homeowner’s insurance options? This has become a big issue here in Florida over the last several years, and it makes shopping for insurance very difficult if […]