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Prestige Insurance Group, Inc. Blog: property insurance

View the latest blog posts from Prestige Insurance Group, Inc..

State-run Citizens Property Insurance Corp. moved a step closer toward capping coverage for non-weather-related water damage repairs for customers who refuse to use the company's handpicked contractors. Its Board of Governors unanimously approved the company's plan to impose a $10,000 limit on... READ MORE >>

Democrat Charlie Crist said Thursday he successfully reduced rising property insurance rates as governor and will do so again if elected, vowing to repeal a law enacted under Republican Gov. Rick Scott that he said provides weaker coverage at a higher price. READ MORE >>

Recently, Florida's Fourth District Court of Appeal issued an opinion in a case involving Florida's Statute of Limitations for property insurance claims. The question in this case, as well as many others recently, involves a 2011 amendment to §95. READ MORE >>

On July 1, 2014, several law changes went into effect as a result of the Homeowner Claims Bill of Rights passed by the legislature earlier this year. As a way of background, the proposed amendments came from Florida's CFO, Jeff Atwater, with input from the Office of the Insurance Consumer Advocate. READ MORE >>

Insurers often combine a number of insurance coverages into a package that is sold as a single contract. The most common policy for small businesses is the Businessowners Policy (BOP). The BOP combines coverage for all major property and liability insurance risks as well as many additional coverages into one package policy suitable for most small businesses. READ MORE >>

No matter where a business is located in the state of Florida, adequate insurance coverage is imperative. As the 4th largest state economy in the U.S. with a sizable small business community, Florida also happens to be a state where lawsuits are prevalent and court awards are quite large. READ MORE >>

What Type of Insurance Does Your Small Business Need? By Darrell Zahorsky Source Any business is exposed to a variety of risks. A smart business one will take the necessary acts to mitigate the risk and one valuable risk manager is insurance. READ MORE >>

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