Florida Residents, Insurance Companies Still Struggling From Irma

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 Read More …

Dealing With Insurance After Natural Disaster

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, Read More …

Boats Salvaged After Hurricane Irma

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 Read More …

Hurricane Irma Has Florida Real Estate Staying Afloat

Florida’s coastal real estate boom since Hurricane Irma has not been slowing down at all, as NewStatesman reports. In Miami and nearby waterfront cities, a survey of local records demonstrates that more than 90 luxury high-rise apartment blocks are under construction or have been completed since 2015. It has all come down to how property insurance protects Florida’s real estate when it comes to disaster. Homeowners spent $10.8 billion on homeowners’ insurance in 2015 in order to protect more than 6 million properties. The Read More …

Irma’s Aftermath Nets Profits for Boat Salvaging Services

South Florida’s damage by Hurricane Irma had left thousands of boats sunken or in disarray. According to several boating-industry experts and professionals, it could be weeks, or even possibly months before Biscayne Bay is completely cleared of ruined ships. Sails after sails “It could take 30 days, 60 days, or more to have all the damaged and destroyed boats removed from where they are just because of the sheer number,” said Thom Dammrich, president of Chicago-based National Marine Manufacturer’s Association. Many of Read More …