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Flood and wildfire risks: Translating risk ratings into future costs can help homebuyers and renters grasp the odds – and act on them

Flood and wildfire risks: Translating risk ratings into future costs can help homebuyers and renters grasp the odds – and act on them
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Ready to buy your dream house? Beware of past insurance claims [South Florida Sun-Sentinel]

Ready to buy your dream house? Beware of past insurance claims [South Florida Sun-Sentinel]
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Ready to buy your dream house? Beware of past insurance claims [South Florida Sun-Sentinel]

You should also investigate whether insurance claims have been filed by the home’ s previous owners, said Mark Friedlander, director of corporate communications for the industry-funded Insurance Information Institute. Buyers looking for homes in today’ s hot South Florida real estate market face challenges securing coverage in Florida’ s troubled.

United statesFort lauderdaleCoral springsLocke burtJoe heimovicsSusan manningRon hurtibiseMichael peltierTom straveckyMark friedlanderCiitizens property insurance corpTribune content agencyLoss underwriting exchangeInfinity propertiesInsurance information instituteCitizens property insurance corp

Ready to buy your dream house? Beware of past insurance claims

Homebuyers can be blindsided when past insurance claims are discovered against houses they have contracted to buy, insurance experts say. Old claims can cause higher rates for a home's new owner. And a Coral Springs man said an old claim prevented him from securing insurance from a regulated firm in Florida. Instead, he was forced to pay thousands of dollars more for a surplus lines policy.

United statesFort lauderdaleCoral springsLocke burtJoe heimovicsSusan manningMichael peltierTom straveckyMark friedlanderCitizens property insurance corpInsurance information instituteInfinity properties in fort lauderdaleCiitizens property insurance corpLoss underwriting exchangeInsurance informationSouth florida

The basics of homeowners insurance

Homeowners insurance can help cover the cost of repairing your home if it’s damaged. Learn more about homeowners insurance basics.

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