Insurance

Sinkhole Spring Cleaning in Florida

Sinkhole Spring Cleaning in Florida

Spring in Florida is upon us and with it brings the site of bright yellow flowers and trees! The showy tabebuia tree announces springtime in Florida, with varieties that flower in pink, lavender-pink, and its signature yellow. It's a time of renewal for nature and brings about new life to our lawns and gardens. We often use this time as our annual deep cleaning for our home before the rains of spring and summer come shortly after.

About 40% of US Land Is at Risk for Sinkholes

About 40% of US Land Is at Risk for Sinkholes

The U.S. Geological Survey estimates that 35 to 40% of all the land in the U.S. is susceptible to sinkholes. While giant sinkholes often make news, smaller sinkholes are also exceptionally costly to homeowners. In 2009, the average sinkhole claim cost Florida insurance companies over $86,000 for cracked driveways, walls, and foundations. In that year, insurance companies paid out over $97 million.

The ‘angst-inspiring’ insurance reality of sink holes – Chubb

The ‘angst-inspiring’ insurance reality of sink holes – Chubb

The United States of America is currently enjoying strong economic momentum. Spending in the construction industry hit record highs towards the end of 2017, alongside positive gains in the manufacturing industry, according to data from The Institute for Supply Management (ISM).

Know the Law & Learn Your Insurance Claims

Know the Law & Learn Your Insurance Claims

In Florida, insurance companies are required to provide homeowners insurance coverage that includes damage from “catastrophic ground cover collapse.” They are also required to offer sinkhole damage coverage as an option, and it generally appears in a rider that comes at an additional cost.

Citizens delaying managed repair program rollout until 2017

Citizens delaying managed repair program rollout until 2017

Citizens Property Insurance Corp.'s Board of Governors approved hefty rate increases for 2017 on Wednesday while its president said the company plans to make its customers an offer they can't refuse.