At Term Brokers, we specialize in helping our customers get the best Florida homeowners insurance rates. We do this by ‘reshopping’ your policy with our extensive network of Florida insurers. To prepare us for the ‘reshop’ we recommend you have answers to the following questions.We understand that rates have been climbing seemingly without end. The good news is nine insurers have recently filed with Florida’s Office of Insurance Regulation to reduce rates by as much as 10%.
Michael McDonald
Flood Insurance Blog, Florida, Homeowners Insurance, Hurricane Preparedness Tips, Insurance Tips
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