Florida to pay up to $5M in insurance deductibles for hurricane victims

Insurance deductibles - hurricane damage
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Low- and moderate-income families most affected by Hurricane Ian may qualify for this support. The Florida Housing Finance Corporation is offering $5 million to help pay the insurance deductibles of low- and moderate-income victims of Hurricane Ian, announced Governor Ron DeSantis. The money is meant to help those families to cover the out-of-pocket portion of their home coverage. The corporation functions as the housing finance agency in the state and receives funding from the state for the SHIP program (State Housing Initiatives Partnership). There is $5 million reserved for use…

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Mercury is one of the “Best Insurance Companies in America” for 2023, says Forbes

Insurance Companies - High Rating

The respected designation was granted to only 78 insurers in the United States (out of over 3,300). Forbes has named Mercury among the “Best Insurance Companies in America” for 2023 in both the homeowners’ and renters’ categories. This is a respected designation among insurers, and not many of them have earned their way in. Forbes named 78 insurance companies in this category, among over 3,300 across the United States. To determine which insurers were worthy of the title, the Forbes worked with Statista, a market research group, which surveyed customers…

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State Farm issues helpful tips for Fire Prevention Week

Fire Prevention Week - Handing out pamphlet

October 9 through 15, 2022, is the 100th anniversary of the reminder of the steps to take to stay safe. Today is the last day of the 100th anniversary of National Fire Prevention Week, and State Farm has issued a number of helpful tips in a campaign to help keep people safe. This recognition is the longest-running public health observance in the United States. State Farm’s National Fire Prevention Week campaign this year is called “Fire Won’t Wait, Plan Your Escape”. Its purpose is to provide families with helpful education…

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Hurricane Ian leaves an estimated $17 billion in uninsured damages behind

Hurricane Ian - Damage to home from a hurricane

Initial estimates from the storm’s destruction are now being released, and much of it is not covered. Homeowners in Florida and other states along Hurricane Ian’s path could face uninsured losses as high as $17 billion due to flooding damage, according to new estimates released by CoreLogic. The estimates show that damages not covered by insurance will be between $10 billion and $17 billion. The uninsured losses from Hurricane Ian are expected to be nearly the same as what the covered losses are predicted to be, which is somewhere in…

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Connecticut flood insurance rates rise, and fewer homes are covered

Flood insurance - Welcome to Connecticut Sign

Though the last 12 months have been essentially free of flooding, there have been several near misses. Even though there have been only 18 Connecticut flood insurance claims filed in the last 12 months ending at the close of June, the rates in the state will still be rising. The rates are causing many state residents to take the risk without coverage for their properties. There have been several recent reminders that storms are fierce and quite close – Hurricane Fiona washed full structures away in Nova Scotia and other…

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Moving APT makes long-distance relocation safer for customers

Moving APT long-distance relocation safe portal and services explained

Moving service scams are rising and customers are looking for safer ways to protect themselves as well as their valuables, Moving APT has developed a safe operating environment for moving service clients by using strict vetting methods of onboarding movers as well as secure payment solutions. Every leading local and long distance movers in Sarasota can be found at Moving APT. The company is dedicated to contributing more to the moving industry.  The rising graph of moving scams reported every day has left the moving service industry concerned about customer…

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Hurricane Ian places more strain on Florida’s insurance crisis

Hurricane Ian - A hurricane over Florida

Last week’s massive storm could prove to be among the most expensive in the country’s history. It remains too early to know precisely how much damage Hurricane Ian left behind as measured in dollars, but experts from Enki Research expect that the massive storm will likely have caused between $30 billion and $60 billion in damages and economic losses. The storm struck the west coast of Florida at 150 miles per hour and smashed its way through the state. The insurance industry currently predicts that it will face losses of…

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