Hurricanes often leave the destruction of property and lives in their wake. Preparing your home, your property, and your family for a hurricane can help minimize the damage and impact of the storm. Here are some essential tips to ensure that you and your family are ready when a hurricane hits. Prepare Your Home Use Learn More “How to Prepare for a Hurricane in Florida”
For most of us, the Fourth of July is a time to enjoy the company of family and friends, having fun and creating memories – whether away or at home in Boca Raton. But for some families, the holiday is a nightmare. Homes each year in Florida are damaged by wayward fireworks. Thousands of people Learn More “Fireworks Safety in South Florida”
Last week the Florida Legislature passed major insurance reform legislation in a special session. It is too early to predict the long-term results of the law changes. Legal challenges have already been filed. We do not expect any immediate changes in the troubled Florida insurance market. Following is a summary of the significant items and Learn More “Florida Insurance Market: Legislation Update”
For two years we have been warning about the oncoming Homeowners Insurance Crisis. Today the crisis is here and it is getting worse every week. Four Homeowners Insurance companies have failed in the past few months. Many more have restricted new business, cancelled existing policies, or announced plans to do so. Citizens, our state-run market of Learn More “Important Notice Regarding Florida’s Homeowners Insurance Crisis”
Your home protects you from the elements, but heavy rain in South Florida can weaken that protection. With a little maintenance and a lot of vigilance, it’s not hard to stay safe and dry. Spring rainstorms are a fact of life, especially in South Florida, and they help keep things green, even if they keep Learn More “Heavy Rain in South Florida? Be on the Lookout for Heavy Damage”
As insurance premiums skyrocket, many people think about self-insuring. Following are some thoughts that should be considered. Insurance was created and is best used to protect against significant financial risks that have low frequency of occurrence, but a severe potential impact. Natural disasters are a good example. Small risk exposures should be self-insured on a Learn More “Managing the Risk of Self-Insurance”
For two years we have written about the worsening Homeowner Insurance Crisis in Florida. We advised that premiums would increase – they have exploded. We warned that underwriting standards would tighten – they are now onerous. We predicted insurance companies would fail – two domestic carriers were placed in receivership in the past ten Learn More “Florida Homeowners Insurance Crisis Worsens”
Since the 1970’s Flood insurance rates have been calculated based on criteria that do not accurately account for flood risk. Rates have previously been based on a Flood Insurance Rate Map (FIRM). These maps were developed in 1968 when the National Flood Insurance Program (NFIP) was enacted. Prior to the development of the NFIP, flood Learn More “Flood Insurance Policy Changes”
Halloween is a night of tricks, treats, and make believe. Whether you are attending a frightfully fun Halloween party or spending the evening binging monster movies it is important to ensure that your family and home are safe and protected. These tips will guarantee that you and your family have a safe and happy Halloween. Learn More “5 Tips to Have a Safe and Happy Halloween”
The Cost of Living in Paradise has just increased. The tragic collapse and loss of life at the Champlain Towers South Condominium portends dangers and challenges for Shared Living Communities (SLCs). The most dramatic changes will be felt in older oceanfront high-rise communities. Make no mistake, new buildings, inland properties, townhouses, and every SLC Learn More “Champlain Towers South Collapse: The Canary in the Coal Mine”