After Hurricane Wilma, many Parkland and South Florida homeowners were dropped by their insurance companies. Homeowner’s insurance is a major factor when purchasing a home. As a result, it is important to know your rights. It’s imperative for Parkland and South Florida homebuyers to understand all of their options when purchasing homeowners insurance. As a result, we will continue to update the Parkland public with changes in policies and other related homeowner’s insurance issues.
Know These Facts: Your insurance company cannot drop your policy just because you filed a single water damage claim or a claim resulting from a hurricane or major storm. An insurance company can only cancel if the policyholder neglected to take actions that the insurer requested to prevent similar damage from occurring again. Your insurance can also be canceled when it is up for renewal or within the 90 days after the policy takes affect.
Your homeowner’s insurance can also be canceled after 90 days if:
If you have any questions or concerns about your current homeowner’s insurance policy, I recommend that you give Stacy Kagan with Allstate Insurance a call at: 954-341-1362. Many of my clients have been extremely satisfied with her services. Her staff will take the time to explain all of your options in order to provide you the best coverage for your home.
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Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at: 954-609-0591 or send us a message here.