Lenders may soon reject some Fla. property insurers (2/9/2017)
Fannie and Freddie decide which insurance companies are okay, but they may soon delete a few from Fla. lists, which would force 250K owners to find a new insurer.
Flood insurance expires in Sept. What’s next? (2/6/2017)
The National Flood Insurance Program – needed by many homeowners but $24.6B in debt – expires this year, and the “how to change it” discussions have begun.
Hurricane Matthew damage? 60 more days to file (2/6/2017)
FEMA has granted homeowners affected by Hurricane Matthew flooding 60 more days to file a flood insurance claim.
Court weighs State Farm Florida trade secrets (1/20/2017)
Where does State Farm sell insurance policies in Fla.? The group considers that a trade secret, but an appeals court will decide if that claim is justified.
Water claims could lead to more Citizens policies (12/8/2016)
After years of downsizing, the Fla.-owned property insurer said its policy numbers would probably increase in 2017 due mainly to a bump in water damage claims.
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.