DON’T FORGET TO CHECK OUT MY BLOG FOR INFORMATION ON A RANGE OF TOPICS!
PINELLAS COUNTY HURRICANE GUIDE – FIND GREAT TIPS FOR STORM PREPARATION!
Personal Injury Resources
627.736 Personal Injury Protection http:q//wwww.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0627/Sections/0627.736.html
627.706 Sinkhole and Catastrophic Ground Cover Collapse Definitions
627.707 Sinkhole investigation and Claim Payments
627.7015 Alternative Claim Dispute Resolution Methods
Citizens Property Insurance Corporation “take out” procedure
SWIMMING POOLS CAN BE A LOT OF FUN BUT ALSO PRESENT DANGER IF YOU DON’T TAKE SOME SIMPLE PRECAUTIONS
> Pool Safety Toolkit > http://www.poolsafely.gov/pool-spa-safety/staying-safe-pools-spas/residential-swimming-pools/ >Swimming Safety Tips, Resources and More >http://safestars.org/swimming-safety/ > Lifeguard Skills for Pool Owners > http://blog.poolcenter.com/article.aspx?articleid=6478 > Swimming Safety Tips > http://www.safekids.org/tip/swimming-safety-tips > Parent’s Guide to First Aid > https://www.acls.net/a-parents-guide-to-first-aid.htm > Guidance for Safety: The Pool and Spa Safety Act > http://www.cpsc.gov//PageFiles/122216/361.pdf > Pool Safety Products Protect, Prevent, and Rehabilitate > http://www.homeadvisor.com/article.show.Pool-Safety-Products-Protect-Prevent-and-Rehabilitate.14504.html
WATER SAFETY AND SWIMMING LESSONS
Understanding Your Home Owners Coverage:
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Commonly used Insurance terms
Assignment of Benefits (AOB) – When you make a property insurance claim and retain the services of some professionals or companies, you may be asked to sign an AOB. This means that you are giving the right to certain insurance proceeds to that person or company in exchange for work to be performed. Be careful and read the fine print. Public Adjuster – Just as the Insurance Company has adjusters working for them, Public Adjusters work for the property owner to assist in processing and negotiating a resolution to an insurance claim. Most Public Adjusters work on a contingency fee basis and an AOB. Actual Cash Value – this is an insurance specific term. The “replacement cost” of an item is determined (the cost to buy new) and then “depreciation” based upon age, style, and other factors is deducted. The resulting number is equal to the Actual Cash value (the value of the item in its used state). In most instances, when you are paid actual cash value, you may be able to submit your receipts to the Insurer if you spend more than the “actual cash value” to replace an item with like kind and quality to be paid the difference between actual cash value and the actual replacement cost. BE AWARE Many people are not clear whether they have replacement cost coverage or not. In most instances the replacement cost coverage may or may not apply to contents or personal belongings. Surplus Lines Insurer – this is an insurance company which operates in the State of Florida but is not subject to premium rate controls or other administrative rules. Surplus lines insurers must clearly mark the declaration page of the policy with this designation. Many Surplus lines insurers do not provide the same coverage as an “admitted carrier” and is not backed by the Florida Insurance Guaranty Association (FIGA). These policies may also cost more than a standard policy but can usually be purchased to cover properties which “admitted carriers “may not insure. Admitted Carrier – This is an Insurer which is subject to all laws and administrative regulations in place in the State of Florida. These Insurers Florida Insurance Guaranty Association (FIGA) – This is a “Fund” which is created by Florida Statutes to pay for “Covered Claims” when an insurer is unable to pay claims and its assets are liquidated to pay claims and creditors. FIGA is not an insurer but a pool of money which is funded by a portion of every insurance policy premium sold by admitted carriers in Florida. The Rules and claim process is very much different than with an insurer. Essentially this protects insureds from Insurers which may go out of business and would otherwise leave the Insureds without coverage for a claim. Citizens Property Insurance Corporation – This is an “Insurer” which is a quasi-governmental agency and part of the State of Florida Government which was created by Florida Statutes to provide insurance to property owners when many insurers were refusing to write policies in Florida. The Statutes which created Citizens also mandated that the insurance company “depopulate as soon as possible. In other words, the company was intended as a short term solution to insurability and an insurer of “last resort” when other coverage was not available. At one point in time, Citizens held the largest number of policies of any insurer in Florida. In recent years, many new Insurance companies have formed and are ”taking out” policies from Citizens as part of the Depopulation process.