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Florida homeowners are being denied hurricane insurance because of sky-high deductibles — 1 man says deductible was $7,200 on damage of just $4,500. ... his insurance company denied his claim ...
Unfortunately for 2,000 of them, they had pending claims against Avatar, and most companies have underwriting guidelines that prohibit writing a new policy for a property with an open claim. [29] Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer.
In recent years, Florida has seen shifts in the property insurance market, with some insurers scaling back coverage or increasing premiums due to rising claims costs and reinsurance expenses.
An insurance adjuster is another term for the insurance claims agent for your home insurance company. Endorsement An endorsement is an addition, modification or update that is made to an original ...
Insurance companies are pulling out of states where evermore frequent natural disasters mean those companies have to pay out large claims after a home is destroyed in a wildfire, leveled by a ...
Hurricane Milton tore through Florida last week, causing as much as $55 billion in property damage throughout the Sunshine State, according to the latest analyst estimates. Hitting just two weeks ...
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