Hurricane Katrina resulted in $161 billion in costs, and Hurricane Harvey came in at a close second with $125 billion in damages. In Florida alone, there are $2.86 trillion in insured properties that are vulnerable to hurricanes. As a result of Katrina, there were 167,985 flood payouts, which added up to $16 billion. One to two [...]
Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners insurance, renters insurance, flood insurance and earthquake insurance. Personal property is generally covered by a homeowners or renters policy. Understanding Property Insurance What are Perils? [...]
Hurricane season starts on June 1st and ends on November 30th. Now is the time to make sure you have the right coverage for your property and personal property. Below are some questions that are commonly asked about flood insurance. Nearly a million property owners filed claims for various insured losses from Hurricane Irma, according [...]
