Florida Flood Insurance RequirementsWe are seeing the effects of the passage of 2022 Senate Bill 2A.The most obvious is that many Citizens’ policyholders must purchase flood insurance. Effective March 1st, flood insurance is no longer an option for homes valued at $600,000 or higher! The value drops $100,000 annually through 2026; in 2027, it will apply to all Citizen policies. The most important exception is that flood protection is not required for condos if the
Hurricane Preparedness and Claim Information Ensure you have adequate coverage and take steps to prepare in advance of hurricane season:Have you informed Term Brokers of any new upgrades or additions to your property?Take pictures of your home, car, boat, RV, and other possessions. Then, make two copies of the images and file them in a safe place.Have you added Florida flood insurance to your policy with Term Brokers?Key steps to follow if you have damage
What is life insurance? 14 Key Questions When it comes to life insurance, asking the right questions is crucial for making informed decisions that protect your financial future and the well-being of your loved ones. Understanding the ins and outs of life insurance requires delving into the specifics, which is why we’ve compiled a comprehensive list of the 14 questions to ask about life insurance. These questions cover a range of important considerations, from understanding
Do I need flood insurance? A flood insurance primer. Hurricane Ian, as many of you may already know, caused significant devastation across the state of Florida, bringing about extensive flooding from the location of its landfall close to Fort Myers, all the way up to Orlando and even reaching Jacksonville. The aftermath of such a catastrophic event has left many people pondering about the necessity of purchasing flood insurance.It’s certainly not an easy decision to