Posted on 1/22/2017 9:01 AM By Florida Peninsula Insurance Company
Taking the time to do a complete inspection of your home, before and after purchasing it, is always a great idea in terms of saving money and preventing extreme damage to your home. By inspecting the house before purchase, you will know in advance what you are buying if there are any areas which may need your attention. Doing further inspection each year after purchase can be useful in order to keep track of preventative maintenance, repairs, etc. Here are some less-obvious areas to pay attention to, when conducting a home inspection:
Water Heater: Look particularly at the water heating system to make sure there is no damage. If you hear any water gurgling, popping or snapping, this may mean you need to drain out sediment.
Septic System: If you are not sure, find out how old your septic system is and the last time it was pumped. Also check for any signs of surface leakage.
Roof and Flooring: Check for any damage, sinking, contamination and dampness. Be sure to take a loo ...
Posted on 1/17/2017 12:00 AM By Florida Peninsula Insurance Company
Creating a home inventory will come in handy when you need to file an insurance claim. When disaster strikes, it can be easy for people to forget what they own, in the midst of all the chaos. In the aftermath of a traumatic situation, most people cannot think clearly. Taking note of your possessions, while you are calm and sound of mind, will help expedite the process with your insurance company. Here are some tips to inventory your belongings:
1. Take a video of your entire home, from the time you walk through the door. Record everything you would want your insurance company to replace. Don't forget the important contents in drawers and cabinets.
2. Keep your receipts and other documents all in one place.
3. Note model and serial numbers of expensive items such as TV's, beds, couches, etc.
4. It is important to add the replacement cost for all the items you own, to make sure you have enough insurance coverage. If you are very close to your maximum coverage limit or go over the amount, you should call y ...
Posted on 8/16/2016 6:54 AM By Florida Peninsula Insurance Company
Amidst the emotional process known as sending our children off to college, it is important to prioritize your child's safety. Whether your child is living in a dormitory or an off-campus apartment, it is essential you ensure they have the necessary coverage to account for their expensive belongings such as laptops, televisions, printers, jewelry, etc.
According to the MetLife "Insurance Literacy" survey, almost 70% of respondents believed their insurance pays for the full cost to replace personal belongings in the event of a loss; in reality, nearly all insurance companies cap the amount covered.
Here are some tips regarding your college-bound child's insurance coverage:
According to the Insurance Information Institute (III), most possessions of students living in on-campus housing are covered under their parents' homeowners policy; however, there are limits. Some policies will only cover dorm possessions for up to 10% of the original policy. In addition, some categories of property may come with the ...
Posted on 6/1/2016 5:37 AM By Florida Peninsula Insurance Company
The Atlantic hurricane season begins today, June 1st. Florida has been incredibly lucky in the past ten years, as fewer storms and no major hurricanes have made landfall. This calm has allowed Floridians to become complacent with hurricane readiness and storm preparation plans. However, a single storm can have devastating consequences and cause major disruptions, as was the case of hurricane Wilma in 2005, which resulted in $29.3 billion in damage and the single largest power outage in Florida's history when it made landfall, catching residents off-guard and unprepared. Over 97% of affected residents lost electricity and were forced to stand in long lines to obtain basic needs - including water and ice. Our streak of good luck is sure to run out, and when it does, we must be ready to face any weather-related hazards.
Weather service and government agencies are attempting to promote hurricane preparedness and safety awareness via the social media campaign #HurricaneStrong, a new public outreach campaign ...
Posted on 5/31/2016 4:49 AM By Florida Peninsula Insurance Company
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.
Posted on 5/24/2016 1:00 AM By Florida Peninsula Insurance Company
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 ...
Posted on 1/20/2015 9:51 AM By Florida Peninsula Insurance Company
When was the last time you reviewed your homeowners insurance policy?
Posted on 7/13/2012 12:51 PM By Florida Peninsula Insurance Company
Water damages can cost you thousands of dollars to repair. With a little maintenance, you can keep your home safe from water leaks.