yourEadvisor.com

An update from the largest carrier in the state...

"The criteria date back to a troubled era in the company’s history that resulted in an investigation and a $1.3 million fine by the state Office of Insurance Regulation in 2013. A report by the office found the company routinely investigated backgrounds of customers who filed claims, then retroactively canceled policies if the investigation revealed a “material misstatement” on the customer’s application."

http://www.sun-sentinel.com/business/fl-bz-universal-insurance-removing-contentious-eligibility-criteria-20180808-story.html

How much coverage do you have for a water claim?

"How big? Beyond the frequency, the Insurance Information Institute found the average water claim runs around $10,000. Such losses also are getting more expensive, with incidents over $500,000 doubling and those over $1 million tripling since 2015. In addition, many people end up out of their homes for months due to required repairs, according to Chubb data. In other words, water is simultaneously a common, costly and stress-inducing risk homeowners can’t overlook."

https://www.propertycasualty360.com/2018/08/06/keeping-your-clients-home-investments-dry-414-1337/?slreturn=20180708101315