Hurricane Irma left its mark throughout Florida, flooding and destroying many homes, business and belongings of families and residents. Nearly two months later, insurance companies are now feeling the impact as well. Over 800,000 insurance claims were filed in Florida, totaling an estimated $5.5 billion in loses. While efforts to speed up the recovery process of Florida and it’s residents have been in full effect with help from around the country, the event is still far from over. Homeowners accounted for over
Most tenants require that renters obtain some sort of renters insurance plan to protect themselves from floods, fires, robberies or some other form of accident. The 2017 hurricane season should be a wakeup call for the future of renters insurance, as after all the damage is now starting to be cleared and fixed up in Texas and Florida and surrounding areas, the financial numbers are coming out, and for those without insurance, it is not pretty. While most tenants do recommend it
In a summer and fall seemingly filled with natural disasters, hurricanes and wildfires, many are now wondering, what is the process when dealing with insurance companies and the damage to your home or business? How will you get your money? How long will it take? What is the process? They are not alone in asking. Here are some tips to make this transition into rebuilding easier. On any ordinary day, insurance companies and the payout money is generally all smooth and easy,
In early September, South Florida was hit by destructive Hurricane Irma, causing damage to homes, business, cars and boats alike. Reports show that Irma had upheld over 1,300 boating vessels and the repairs are now just beginning. Salvage crews are now working non-stop to get these boats out of the water and back to their owners. Reports have come back showing over 1,000 boats salvaged from the Florida Keys, 265 from the St. Petersburg area and 57 from the Jacksonville area. And
U.S. House of Representatives Speaker Paul Ryan said the House will take up supplemental disaster funding to help areas hit by hurricanes and wildfires this week. “We think it’s critical that we pass this legislation this week to give the people in California the support that they need to fight these fires, to help the victims, and also to help the communities still recovering and dealing with humanitarian problems with the hurricanes,” Ryan said at a news briefing on Wednesday.. Northern California’s
Florida, which has had a recent surge of hurricanes this year, has no law that really requires landlords to protect their rental properties or tenants from hurricanes. “Almost every state requires a landlord to provide a habitable residence for the tenant and nearly every lease will include a similar clause,” said Daniel Watts, a California-based real estate lawyer. “The problem is that before a hurricane strikes, the house is still inhabitable,” Watts added. “It’s only after the hurricane hits that the [residence]
With the lasting effects of Hurricane Harvey in Texas and the current impact of Hurricane Irma on Florida, many Americans are left out of work. There are many ways that a natural disaster can keep people from being able to work, especially a disaster on the level of Hurricane Harvey or Irma. These Hurricanes are leaving entire neighborhoods and roadways under water, forcing people to evacuate to a safer place, or hunker down until it is safe to resume a normal life.
Scientists were baffled by the first signs of Hurricane Irma. Those who live in Florida and the Caribbean were warned of the powerful damage that it would cause. Some are calling it the worst Hurricane in recorded history. But, as the news gets worse and worse, it seems like some people still do not fully grasp the effect that this Hurricane is having. With countless damages to homes, vehicles, and places of business, the storm is resulting in billions of dollars worth