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From monthly archives: May 2016

We are pleased to present below all posts archived in 'May 2016'. If you still can't find what you are looking for, try using the search box.

Making Florida Peninsula Your Homeowners Insurance Carrier is a Sound Choice

You can count on us to provide coverages to properly secure your home while providing the peace of mind which comes from knowing our resources will be at your disposal in the event of a loss.

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5 Insurance Tips for Hurricane Season

The 2016 Atlantic hurricane season is just around the corner, and it is incredibly important for you and your family to be prepared for the unthinkable.

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Choose a Financially Stable Homeowners Insurance Carrier

  Your home is one of the biggest investments you will ever make, and choosing a licensed, financially stable homeowners' insurance company to protect your investment should be a top priority. As you consider the many options available, the company's financial rating should be a key factor in your decision-making process. Financial Stability Ratings® (FSRs) are useful when comparing insurers - the higher the rating, the greater the company's financial stability and capability to fulfill their financial obligations to you - the policyholder.  Insurance Companies must go through a comprehensive evaluation performed by an independent, objective third party such as Demotech Inc, A.M. Best, Fitch, Moody's, or Standard & Poor's, among others, in order to obtain a financial rating. Rating agencies use their own rating scale and criteria to analyze each company's balance sheet strength, operating performance, and business profile. A company's Financial Stability Ratings® (FSRs) of A or better are accepted by mort ...

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Water Losses and Fraudulent Water Claims Are Driving Up Rates in Florida

Damages due to water losses continue to be the top source of claims in Florida. According to a report conducted by Insurance Journal, the severity and frequency of water loss claims in Florida have steadily increased every year since 2010. The Review of the 2015 Assignment of Benefits Data Call, conducted by Florida's Office of Insurance Regulation (OIR), investigated 259,742 water claims from the top 25 insurers in the state, including damages resulting from appliance leaks to water pipe bursts. Their findings show the frequency of water claims have increased by 46 percent since 2010, with an average annual increase in frequency of 8.3 percent each year.  Fraudulent water mitigation claims are also on the rise, becoming a major concern for many across the nation. Regions including South Florida, are seeing a large number of fraudulent claims, which pose a serious threat of increased homeowners insurance rates. According to the article, Underwater: Cleaning up fraudulent water mitig ...

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May 15-21 is Dog Bite Prevention Week

May 15th through 21st is Dog Bite Prevention Week. According to the American Veterinary Medical Association, more than 4.5 million people in the United States are bitten by dogs each year. Dog Bites, and other dog-related injuries accounted for more than one-third of all homeowners insurance liability claims in 2014, according to The Insurance Information Institute (III).  Even the most obedient dogs can bite when they become frightened or defensive over their food and toys. A majority of dog bites can be avoided with proper education. Be a responsible dog owner by taking the following steps as recommended by the Insurance Information Institute to reduce the risk of your dog biting someone: Do your research to find a suitable dog breed for you and your family by consulting with a professional veterinarian or animal behaviorist.  Children are the most common victims of dog bites. Do not leave infants or young children alone with any dog, and discourage children from disrupting a dog while they are sleep ...

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