Matt Reed: Lies about Citizens justify policyholder abuse Insurance lobbyists working hard to discourage public’s use of company You’ve probably heard that Citizens Property Insurance Co., with 32,000 policyholders in …
Category: Florida Hurricane Insurance
The Costly Dangers of Unlicensed Commercial Appraisal Work
When reviewing insurance appraisal reports for condo associations my colleagues and I often find reports authored and signed by companies or individuals who are not licensed appraisers in the State …
How Condominium Associations should select an Insurance Agent
Many of my clients still believe they should get as many bids as possible from insurance agents for their flood and wind coverage. During my site visits and inspections I …
Buyer Beware – Or Why Condominium Insurance Purchase Is Not The Same Any Longer
The recent decision in the 4th District Court of Appeals case “Citizens Property Insurance Corporation vs. River Manor Condominium Association Inc.” sheds new light on F.S. 718.111(11)(f). Condominium association from …
Does your building need an ISO inspection?
First, let me clarify what ISO stands for: The Insurance Services Office (ISO) //www.isopropertyresources.com/About-ISO/About-ISO-Root/ISO-Overveiw.html is a leading source of information for risk management in the insurance industry. ISO provides information …
How to calculate Coinsurance
This is one of the best examples to explain the importance of being correctly insured. If an HOA or condo association is underinsured as in the following example provided by …
Citizens’ Depopulation Strategy
Under Governor Scott’s tutelage Citizens Insurance starts an aggressive depopulation strategy. The new limitations, rate increases, exclusions and rules, which were issued by Citizens since January 2012 were just the …
Citizens Property Insurance – Summary of 2012 Changes – so far….
After receiving literally every week Citizens Agent Communications with ever more rate increases, coverage limitations and restrictions, it is necessary to post a summary of these changes for my clients …
Hurricane Season 2012 – El Niño or La Niña?
Recently, I attended a meeting where an insurance agent made a presentation about the probability that Manatee and Sarasota Counties in Florida will be hit by a hurricane this upcoming …
Here We Go Again – Citizens Insurance Increases Premiums for A-Rated Risks
Citizens just released their latest insurance increases, which will apply to Condominiums, Homeowner’s associations and apartment buildings. Therefore it becomes more and more important to have accurate insurance appraisals and …
Citizens Insurance in the Spotlight
Two recent developments in the Florida insurance world will have a great impact on residential property and insurance appraisers throughout the State of Florida. Although we had no hurricane events …
The Highlight of every Real Estate Property Inspection is on the Roof!
Although some roofs require top physical shape to get up, my favorite moment is to stand up on top of that roof. That is the moment I “own” the building, …
Citizens to Increase Commercial and Residential Policies in 2012
After the recent discussions to increase premiums for Florida condominium buildings, which are valued above the dreaded 10-million dollar threshold, and after general premium increases for all insurance carriers, Citizens …
Citizens plans 19 Percent Rate Hike for Condo Buildings over $10 Million
This Blog was written by Julie Patel and published in the Sun Sentinel: By Julie Patel November 9, 2011 09:35 AM Citizens Property Insurance plans to discuss raising rates for …
Condo Association and Homeowner’s Association Property Watch-Out Bulletin
As Condo and HOA boards are preparing to return for the winter season, they will find that their property has not only aged six months, but was exposed to subtropical …
Florida Condo Law Changes 2011
Welcome back Condo and HOA boards! The season starts with some wonderful autumn weather after a very hot summer. To get you prepared for the upcoming season and your board …
Demystifying RCV and ACV and how it will affect your insured Real Estate
Replacement Cost Value versus Actual Cost Value Many insured property owners see the words often enough on their insurance policy, but what the real meaning is, remains for many unknown, …
Citizens on a Mission
Unnoted by many, Citizens sneaked in some new rules, which will affect especially condominium associations and commercial properties. Effective May 2011, buildings with sprinkler systems are only eligible for sprinkler …
Hurricane Season is Upon Us– Are You Ready?
Hurricane season officially began on June 1st and lasts until November 30th. Florida has recently been spared from serious damage, enjoying several, hurricane free years. But with forecasters predicting an …
Two Florida Journalists reveal the Truth about Citizens and Gov. Scott’s Plans
Matt Reed: Lies about Citizens justify policyholder abuse Insurance lobbyists working hard to discourage public’s use of company You’ve probably heard that Citizens Property Insurance Co., with 32,000 policyholders in …
