Posted on 9/1/2018 12:00 AM By Florida Peninsula Insurance Company
It has been one year since Hurricane Irma, one of the most powerful Atlantic Hurricanes on record, hit the State of Florida as a category 4 storm. Hurricane Irma left quite a mark on Florida, resulting in billions of dollars in damage and devastation. Here are some startling facts and statistics about the destruction Hurricane Irma caused:
According to the balance, Hurricane Irma is the fifth most costly Atlantic storm ever recorded, reaching over $50 billion in damages.
As of June 12, 2018, The Florida Office of Insurance Regulation (FLOIR) found there were nearly a million claims filed for damages caused by Hurricane Irma. With estimated insured losses reaching over $9.7 billion.
Of those claims filed, the FLOIR found 823,733 came from residential property holders. Homeowners claims resulted in 66% of all the claims filed within the state.
Approximately 90.5% of Irma claims have been closed, with an additional 92,513 claims still open as ...
Posted on 9/12/2017 1:40 PM By Florida Peninsula Insurance Company
Floridians affected by Hurricane Irma are beginning the recovery process by notifying their insurance carriers and making repairs to their properties. We urge our policyholders who have experienced damage from Hurricane Irma to call Florida Peninsula Insurance Company first to protect themselves from fraud.
After natural disasters, it is not uncommon for fraudulent contractors to pray on those experiencing a loss. Contractors will go door-to-door soliciting repair and cleanup services to those in need. At times, these contractors may be out-of-town "storm chasers" who may not have the proper licenses to make the repairs they promise to deliver.
There is a high probability Assignment of Benefit (AOB) forms will be offered to policyholders when contractors go door-to-door soliciting business or making emergency repairs. When an AOB form is signed by a homeowner, they are assigning their rights under their homeowners insurance policy to the vendor, and allowing all payments to be ma ...