TS Fay and your homeowners insurance
08-22-2008 | 03:44 AM
#1
Thread Starter
Joined: Jan 2003
Posts: 10,868
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TS Fay and your homeowners insurance
So Fay never made it to hurricane strength. If I read the 2004 changes in the hurricane laws correctly, then hurricane rules don't apply, your household insurance does when it comes to payouts. Is that true?
They have to pay the full amount less deductable rather than the discounted hurricane amounts? How does that affect water damage, flood insurance etc?
C'mon insurance guys, chime in.
fltsfshr
They have to pay the full amount less deductable rather than the discounted hurricane amounts? How does that affect water damage, flood insurance etc?
C'mon insurance guys, chime in.
fltsfshr
08-22-2008 | 06:04 AM
#3
Registered User
Joined: Nov 2006
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From: Stealing Seats
In a HO policy you have 2 deductible one for Hurricane and one for Hazard, Usually the Hazard its 1k and the Hurricane 2% of Coverage A. (dweling Amount). In this case the TS Fay was never a Hurricane so your Deductible will be 1k (assuming you have that ded.) you can only have 2 NON-HURRICANE claims every 5 yrs, if you have more you will be NON RENEW and will have to buy a policy with Citizens which it sucks...compere to RPI, Universal, United, HomeWise, State Farm, Allstate....... If your house got Flooded, IF YOU DONT HAVE FLOOD INSURANCE YOU ARE FUC.KED, Flood insurance its very important in Florida , just because you are not in a "Flood Zone" does not mean you dont need flood insurance,, guess what???? By owning a house in FL you have a 33% of get you house flooded imaging in a flood zone.....I hope this helped.
p.s/if anyone needs insuance I am the person to call, I do ALL FLORIDA with the best companies and prices... YOU DONT HAVE TO WAIT FOR RENEWAL CALL MY OFFICE 305-554-7400 ask for Miguel
Miki
p.s/if anyone needs insuance I am the person to call, I do ALL FLORIDA with the best companies and prices... YOU DONT HAVE TO WAIT FOR RENEWAL CALL MY OFFICE 305-554-7400 ask for Miguel
Miki
08-22-2008 | 06:10 AM
#4
Joined: Mar 2005
Posts: 3,290
Likes: 6
From: V I C E C I T Y
Originally Posted by Cachero,Aug 22 2008, 06:04 AM
In a HO policy you have 2 deductible one for Hurricane and one for Hazard, Usually the Hazard its 1k and the Hurricane 2% of Coverage A. (dweling Amount). In this case the TS Fay was never a Hurricane so your Deductible will be 1k (assuming you have that ded.) you can only have 2 NON-HURRICANE claims every 5 yrs, if you have more you will be NON RENEW and will have to buy a policy with Citizens which it sucks...compere to RPI, Universal, United, HomeWise, State Farm, Allstate....... If your house got Flooded, IF YOU DONT HAVE FLOOD INSURANCE YOU ARE FUC.KED, Flood insurance its very important in Florida , just because you are not in a "Flood Zone" does not mean you dont need flood insurance,, guess what???? By owning a house in FL you have a 33% of get you house flooded imaging in a flood zone.....I hope this helped.
p.s/if anyone needs insuance I am the person to call, I do ALL FLORIDA with the best companies and prices... YOU DONT HAVE TO WAIT FOR RENEWAL CALL MY OFFICE 305-554-7400 ask for Miguel
Miki
p.s/if anyone needs insuance I am the person to call, I do ALL FLORIDA with the best companies and prices... YOU DONT HAVE TO WAIT FOR RENEWAL CALL MY OFFICE 305-554-7400 ask for Miguel
Miki
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08-22-2008 | 07:52 AM
#10
Registered User
Joined: Nov 2006
Posts: 287
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From: Stealing Seats
^^^^ Its not that they Suck, but if you can get insurance somewhere else it will be better, What happends with Citizens is that they have alot of policies and dont have enough money to pay for catastrophic losses....
Miki
Miki