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Articles relating to "Property insurance":

Homes built to stricter standards fared better during Irma (9/19/2017)
Fla. Home Builders CEO Rusty Payton says feedback on Irma’s impact on tougher-building-code homes so far is positive – but evidence is still preliminary.

Irma’s Fla. insurance claims already near $2 billion (9/19/2017)
State officials say Hurricane Irma has already exceeded claims and losses (335,000 claims, $1.9B in property losses) from the two Fla. hurricanes last year.

Insurer: ‘File a claim. It won’t count against you’ (9/13/2017)
Hurricane Irma “is an act of God,” says head of major insurance co. in Fla., and those are handled differently and won’t increase premiums in the future.

Could Harvey push Fla. homeowner’s insurance rates higher? (8/30/2017)
Short answer: No. Fla. rates shouldn’t go up. Rates are set at the state level, so what happens in Texas stays in Texas, and what happens in Fla. stays in Fla.

Reminder: It takes 30 days to get flood insurance (8/30/2017)
There are exceptions to the waiting-period – new owners get immediate coverage, for example – but you can’t wait for a storm to bear down to get coverage.

15K Fla. properties have repetitive flood losses (8/28/2017)
A study recommends gov’t-funded buyouts of high-risk flood properties to mitigate against future problems – and it identified 15,000 of those in Fla.

No flood insurance, no real estate market. Act NOW (8/25/2017)
Call for Action: If NFIP expires Sept. 30, forget home sales in flood zones. Florida Realtors asks all members to contact their U.S. House representatives TODAY.

More Fla. homeowners dropping storm coverage (8/7/2017)
A flood or hurricane can cause cost a lot of money – but so does insurance payments in high-risk areas, and more non-mortgage owners are opting to go without.

Your buyers need flood insurance? Close before Sept. 30 (8/4/2017)
It looks less likely Congress will finalize a flood-insurance bill before the program expires Sept. 30, and unless they OK a short-term extension, lenders won’t release mortgage money starting Oct. 1 if the property is located within a flood zone.

Will insurance pay if an Airbnb guest is injured? (8/2/2017)
Most homeowners policies have a commercial-use exclusion clause, meaning they won’t pay out if a renting guest is injured – but 63% of homeowners don’t know that.

For some homes, private flood ins. may be good option (7/21/2017)
Federal flood policies base their rate on flood maps, but Fla.’s growing number of private flood insurers will lower the cost of a policy if a home has been fortified to minimize potential damage from rising waters.

Citizens to offer free water removal, drying services (6/23/2017)
The Fla.-owned insurer is giving homeowners two new options on July 1: They’ll remove water after a leak and offer drying services without charge (no deductible) and offer a 3-year guarantee if repairs are done by in-house contractors.

Congress tackling flood insurance extension (6/22/2017)
Coverage expires in Oct. without Congress approving an extension, but it’s addressing the issue. NAR says it supports six of seven bills that passed out of the House Financial Services Committee this week.

HUD, FEMA announce goals to Realtors in Washington (5/17/2017)
HUD Secretary Carson told Realtors at the Realtors Legislative Meetings & Trade Expo that he plans a new era of homeownership, saying HUD will address FHA restrictions on condo lending. FEMA announced a goal to double flood ins. coverage by 2023.

Bad credit scores can triple home insurance costs (5/8/2017)
In Florida, a homeowner with bad credit pays, on average, 25% more for property insurance than an owner with good credit. In some states, it’s much more though.

Do investors need landlord insurance? (4/24/2017)
Landlord insurance coverage varies based on location; but, in general, it will protect the house, apartment or condo being rented out against “covered perils.”

Survey: Flood insurance reforms have bipartisan support (4/18/2017)
Lawmakers may disagree, but a survey of voters found strong support for flood insurance upgrades, including conservation buyouts and local mitigation efforts.

Most consumers think their insurance covers flooding (4/10/2017)
The national flood program might be in better financial shape if more homeowners knew they needed coverage. A recent study found that 56% do not.

It’s time to evaluate flood insurance coverage (4/5/2017)
Hurricane season starts June 1, and newly insured homeowners must wait 30 days after they’re accepted for coverage to kick in. Bottom line: It’s time to sign up.

Citizens Ins. says it had a $27M net loss in 2016 (3/30/2017)
In 2015, the state-run insurer had a $5.7M profit, but blames its 2016 loss on assignment of benefits (AOB) problems and related litigation.

Need flood insurance? It expires in six months (3/30/2017)
On Sept. 30, the national flood insurance program officially ends, which could create a dilemma for homeowners and buyers. NAR is working with federal regulators to extend and improve the program, but challenges lie ahead.