It has been almost two years since Hurricane Irma hit and eight months since Hurricane Michael. While some Florida policyholders are still waiting for a decision from their insurance company, the majority of claims have either been paid or denied. As a policyholder, what happens when you disagree with the amount paid by the insurance […]
Insurance
Understanding Commercial Policies: Not So Easy
All that glitters isn’t gold when it comes to analyzing coverage with respect to a commercial claim as distinguished from a homeowner’s claim. By that we mean, there are many subtleties, nuances and complexities to a commercial claim which make it far more challenging to analyze than a homeowner’s claim. Let us enumerate/highlight just a […]
Florida Appellate Court Says Substantial Compliance Sufficient
A Florida appellate court issued a significant opinion for Florida’s policyholders. In Himmel v. Avatar Property & Casualty Insurance Company, the Fourth District Court of Appeal reversed a summary judgment a trial court had entered against an insured for failing to comply with the conditions in the insurance policy and ruled there were factual issues […]
The Clock is Ticking on Your Hurricane Irma Loss
The upcoming date of September 10, 2018 is an important one for Florida’s policyholders as it is the anniversary of Hurricane Irma. It also means policyholders only have two more years to report their Hurricane Irma claim, supplemental claim, or re-opened claim. In 2011, Florida’s legislature passed a law that limited the amount of time […]
What if Your Insurance Company Goes Under?
With Florida’s largest homeowner’s insurance company scoring a D rating in a recent financial analysis, many may be left wondering what happens in the event their insurance company is unable to pay their claims. To protect policyholders during an insurance company’s financial collapse, the legislature created the Florida Insurance Guaranty Association (“FIGA”). One purpose of […]
Legislature Takes Little Steps in 2018 to Reform Assignment Law
Assignments of Benefits (or AOB’s) have been a thorn in the side of insurance companies for the past several years. For those unfamiliar with the practice, certain professionals such as emergency mitigation contractors will require an assignment of insurance benefits from homeowners before they perform any services. Once the company completes their services, they direct […]