Month: May 2011

Effective Dates of 2011 Florida Insurance Legislation | Property Insurance Coverage Law Blog

While giving a speech last week on the new Florida legislation, one of the frequent and important questions posed to me by the audience concerned the dates various parts of the law become effective. To be of assistance to public adjusters who routinely read this blog, attached is a break-down of the effective dates on the …

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The Effects Of SB 408 On Hurricane Claims In Florida | Property Insurance Coverage Law Blog

There have been many discussions recently regarding Governor Scott’s signing of SB 408 into law on May 17, 2011. The bill changed many important aspects of Florida’s property insurance laws. This post will focus on how SB 408 affects hurricane claims in Florida. Specifically, SB 408 creates Florida Statute §626.70132, titled Notice of windstorm or …

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How a Grand Forks Business Owner Bought More Time — Understanding Business Interruption, Part 74 | Property Insurance Coverage Law Blog

Time is often the most important and controversial element in evaluating a business income claim. Determining an adequate Period of Restoration is sometimes as counterintuitive as solving a quantum mechanics formula. In the book, Business Interruption – Coverage, Claims and Recovery, 2nd Ed. (2011), the authors illustrated a real world challenge in determining an adequate …

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Citizens Property Insurance Corporation Provides Policy, Claim File, and Underwriting Files if You Fill Out the Proper Form | Property Insurance Coverage Law Blog

When assisting policyholders with a claim, a thorough review of the policy or policies of insurance that cover the property is absolutely necessary. Having as much information as possible about the insurance company’s coverage and evaluation will aid in determining the future of a claim. Citizens Property Insurance is required by Florida statute to provide its …

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Purchase Insurance to Prevent Catastrophe | Property Insurance Coverage Law Blog

Odds are that if you forget to pay a premium and your insurance lapses, that is the exact time catastrophe strikes. I have a theory that the more one insures against a catastrophic event, the less likely the event will occur. A recent article, States Hit Hardest by Recent Tornadoes Among Least Insured, shows that …

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‘Bama Bad Faith – An Alabama Case Evaluates a Number of Bad Faith Issues | Property Insurance Coverage Law Blog

The Supreme Court of Alabama addressed a number of bad faith issues in its decision on Jones v. Alfa Mutual Ins. Co., 1 So.3d 23 (2008). The decision is too lengthy to evaluate in a single post, so this week I will begin with the factual background of the case. The legal issues will be …

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Public Adjusters are Restrained From Citizens Claims Work | Property Insurance Coverage Law Blog

The most significant legislation involving Florida public adjusters is the limitation of fee compensation in Citizens claims. As quoted from Florida Legislative Update for Public Adjusters, For any claim filed under any policy of Citizens, a public adjuster may not charge, agree to, or accept any compensation, payment, commission, fee, or other thing of value …

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