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NEWS & UPDATES FROM THE PROPERTY DAMAGE EXPERTS AT WINDY LAW
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NEWS & UPDATES FROM THE PROPERTY DAMAGE EXPERTS AT WINDY LAW
A surplus line insurance carrier sells insurance in Florida whose policy has not been approved by the Florida Office Insurance Regulation. These companies must put a legend on their policy, that you, the purchaser must sign that says: “The insured (purchaser) is aware that certain insurers participating in this risk have not been approved to transact business in Florida nor have they been declared eligible as surplus lines insurers by the Office of Insurance Regulation of Florida.”
Here’s what homeowners need to know about the risk!
As the price of gas and other essential products continues to rise, Florida policyholders should become aware of another phenomenon that directly affects their pockets – shrinkflation.
People’s Trust Insurance Company trail-blazed the path for insurance companies across Florida to use “Right to Repair” clauses in homeowners’ insurance policies. Similar to auto insurance, an insurer has the option to elect to use one of their vendors or contractors to repair your damaged property in lieu of providing direct payment to the homeowner. Here’s what you need to know!
The term “Bad Faith” gets thrown around a lot, especially in discussions regarding legal matters, but what exactly does it mean in the context of an insurance claim? Here’s what you need to know!
Since the Surfside tragedy, many Community Association clients have asked, “What is Spalling?” “Spalling” is a term of art created by the building trades to describe the cracking, flaking, and braking of concrete from the greater portion of a concrete slab. Now you may be thinking how does this “Spalling” happen and what can I do to prevent it.
A portion of the Florida Statue (FS 627.70153) targeting communication by roof contractors was recently struck down by a federal judge as a violation of free speech. Here’s what you need to know!
Roof damage is often the highest ticket item in a property damage claim following a hurricane or storm. It is no surprise that the issue of roof damage becomes a main point of contention between a property insurance carrier and property owner.
Impact windows have become the “Gold Standard” for homes in Florida that are subject to hurricanes year in and year out. However, hurricanes do not only present a hazard from flying debris. Hurricanes are also pressure events. Here’s what you NEED to know that you probably DON’T know!