Rethinking waterfront real estate (11/29/2016)
While buyers still want an ocean view, global warming concerns have sparked some new questions, such as elevations or how far a property is from the water line.
86% of buyers don’t know what a CLUE report is (11/16/2016)
If a seller made multiple property insurance claims, buyers could end up paying surprisingly higher premiums – but only 12% request a CLUE report.
Realtors’ flood insurance role? Tell owners about it (11/7/2016)
Maria Wells, NAR insurance chair and 2017 Florida Realtors president, says members should get to know their floodplain manager and find an ins. agent they trust.
Supreme Court limits benefits when insurers go broke (10/21/2016)
A property-insurer-paid Fla. fund helps owners if their property insurer goes bankrupt, but a payout doesn’t have to be as good as the benefits stated in a now-defunct policy; and the court ruled that a 2011 law can be applied retroactively.
Flood insurance claims: What to do (10/21/2016)
FEMA recommends that homeowners with flood insurance and recent storm damage apply for help and “closely monitor the insurance claims process.”
Managing the post-storm insurance claims process (10/10/2016)
Fla. CFO Jeff Atwater consumer alert: Homeowners shouldn’t undertake post-storm home repairs until they’ve taken a photo of the damage – documentation they may need when submitting a claim to their insurance company.
Citizens still wants stricter water claims benefits (10/3/2016)
The Fla.-owned insurer says it plans to push the Legislature next year into passing a law that limits water-damage claims and assignment-of-benefits clauses.
FEMA nixes community flood insurance; GAO agrees (8/25/2016)
The government oversight office agreed with a FEMA report that it’s not wise to create community-based flood insurance policies. Under the plan, all residents would have been covered and paid for flood ins. through taxes or utility bills.
What do you do if floodwater rises unexpectedly? (8/17/2016)
The floods in Louisiana came without warning, spurring FEMA to issue homeowner guidelines on steps to take before and after floodwaters enter your home.
National flood insurance program expires in Oct. (7/5/2016)
While it’s unlikely that the national flood insurance program will go away, lawmakers will also consider changes that could again send coverage costs higher. NAR suggested possible solutions before a U.S. Senate committee last week.
Can anything be done about higher insurance costs? (6/16/2016)
Homeowners’ attorneys, water restoration companies, insurance agents and public adjusters met yesterday to discuss the rising cost of Fla. property insurance. Leaders hope the discussion’s reasonable tone leads to some kind of consensus.
State flags assignment of benefits restrictions (6/9/2016)
Fla.-owned Citizens was granted permission to limit Assignment of Benefits policy coverage, and private insurers quickly asked for the same right. But some requested more restrictive changes and the state turned them down.