Lauren Tata - Referral Director at Compass
05/14/2023
Did you know? Not all home insurance is reliable when it comes to claims related to flooding and wind. Often policyholders fail to read the fine print of their policies. Over 25% of all closed insurance claims in decimated Lee County, Florida have been denied, leaving tens of thousands of property owners on the brink of financial ruin. In addition to the 48,344 claims rejected as of Jan. 20, another 30,215 remain in limbo without any signs of forthcoming payment. Florida has been battling the insurance issue after many insurance companies pulled out of the state because of years of fraudulent claims. Flooding is not covered automatically by many home insurance policies. Some insurers are arguing whether damages were caused by wind or flooding. (NY POST)
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06/02/2023