Can you Refinance your Home with an Open Homeowner’s Insurance Claim during Covid-19?
Covid-19 has affected nearly every household across the nation, financially. And, if you are among the many that have been financially affected, you ideally want the elected representatives to resolve the economic climate, like yesterday! Unfortunately, we may not see the light at the end of the tunnel just yet. Fortunately, however, one positive result from covid-19 are that the interest rates have continually remained and still continue to remain historically low. So, with this in mind, you may be considering refinancing your mortgage.
Your Rights and Duties Under a Lender Placed Insurance Policy
A “lender placed policy” or “force-placed policy” is insurance coverage put in place by your mortgage company or lienholder when you have not purchased insurance for your home. In the event your home experiences a loss, such as damage caused by a storm, a pipe leak, or a fire, a lender-placed policy may not provide the protection you would expect from a standard homeowners policy.
Hurricane or Storm Damage: What You Don’t Know Could Hurt You
Hurricane or Storm Damage: What You Don’t Know Could Hurt You After a hurricane or big storm, homeowners usually check for damages caused by fallen trees, flooding, or debris. Growing up in Florida, I know that the day after the storm, if your power is still on and you don’t have fallen trees in your yard, you think to yourself “I am one of the lucky ones”. However, hurricanes and storms can often cause damage to your roof, seen or unseen.
The Basics of the “Stand Your Ground” Law
A person who is in a dwelling or residence in which the person has a right to be had no duty to retreat and has the right to stand his or her ground and use or threaten to u
The Importance of Complying with Insurance Company Requests
If you’ve ever made a claim, you were likely sent letters requesting things like documents, recorded statements, inspections and even Sworn Proofs of Loss. Like any other busy person, you may have thought “I’ll get to this later” or “This can’t be that important.” However, it is extremely important to comply with these requests.
What to do During the Insurance Company’s Inspection
Shortly after filing a claim with your Insurance Company, you’ll usually be contacted in order to
coordinate the inspection of your property in connection with the claim you’ve just filed. Often, these
inspections can take place even before Homeowners have the chance to contact our Office for
representation for a claim or even retain a contractor. It is standard practice, however, for almost
everything Homeowners state during often conversant and informal inspections to be reported
immediately back to the Insurance Company.
Review This Section of your Insurance Policy ASAP
Everyone frequently talks about the standard things that you need to prepare for a hurricane – stock up
on water, batteries, flashlights, canned foods, etc. But few people think about their insurance policy.
Survival Guide to Homeowners Associations
Many loathe them, but they continue to dominate the residential arena here in the state of Florida. Homeowners associations (HOAs) and condominium associations (COAs) are a plentiful in the sunshine state but still so many homebuyers buy in without knowing much about what they are getting themselves into. Hopefully this gives you a little better understanding of the pros and cons that come with an association.
I Have A Roof Claim But I’m Worried About The Attorneys Cost
A windstorm, hailstorm, or hurricane happens and you are worried about your roof. You talk to a roofing contractor and they tell you that you have damage on your roof following the storm. You have been paying insurance premiums for years and decide you are going to file a claim. You file the claim and someone suggests (or you decide) that hiring a lawyer is a good idea. You start thinking “I want to hire a lawyer, but how much will it cost? What if I hire a lawyer and the insurance company does not ultimately pay my claim? Will I have to pay the fees for the insurance company’s lawyers?”
How to Handle an Insurance Inspection for Sustained Hurricane or Storm Damage to your Property
You recently became aware of or noticed property damage to your home, and, if you’re like me, you’re probably thinking about how greatly inconvenienced you now are (I was in the middle of arranging my travel plans for my cousin Vic’s wedding, and now this?!). But, you keep on swimming and deal with the incident by taking the first step: immediately report the damages, if you haven’t already done so, to your insurance carrier. By reporting the damages, you take a crucial step in mitigating the scenario and put your carrier on notice for any repairs that your home may require.