Standard Homeowners Insurance Coverage

Clients always wander what's cover by a normal Homeowner Insurance policy:

 

 

Dwelling

 

This includes attached structures such as an attached garage or screened porch.

Other structures

Detached structures on the property such as a fence, tool shed or gazebo.

Medical payments

We take care of medical expenses for anyone outside the household who is injured while visiting.

Personal property and Valuables

Replacement value for personal belongings such as clothing, furniture, appliances,

jewelry, furs and heirlooms.

Personal liability insurance

Covers claims for property damage or bodily injury for which the homeowners are legally

responsible.

Loss of use

Pay for any costs above normal living expenses if damage prohibits the family from living in their home.

Loss assessment

Covers costs levied by a homeowners association in the event of loss caused by a covered peril.

For information contact me

Juan D. Espinosa
www.es-insurance.com

WHAT IS ORDINANCE OR LAW COVERAGE IN HOMEOWNER INSURANCE?

The policy as amended by Special Provisions – Florida (UI 100) automatically provides up to 25% of Coverage "A" limit, as an additional amount of insurance, for increased costs necessary to comply with the enforcement of any ordinance or law which requires or regulates construction, repair or demolition of damaged property. Ordinance or Law Coverage may be increased from 25% to 50% of the Coverage "A" limit. The rate for this increased coverage is calculated as: 0.05 x (AOP Base Premium + Wind Base Premium + Increased Limits)

For more information, please contact me.
Juan David Espinosa
www.es-insurance.com 

How soon after my son gets a driver's license do I have to add him to my auto insurance?

If your child  is driving your vehicle, you may or may not have to add them to your insurance policy. These rules vary based on state and insurance company.

You are required to add children to your policy if they are going to operate any vehicles on your policy. Your insurance company may require you to add your children to your policy if they are licensed drivers that live in your home. This applies even if the child will not be operating the vehicle on the policy. 

Is it extremley important to understant that not disclosing this information is considered fraud. You will want to check the auto insurance laws in your state as well as the expectations of your insurance carrier for this particular situation.

For more information, please contact me
Juan David Espinosa
www.es-insurance.com

Florida searching for AIG insurance beneficiaries

Florida is seeking the rightful owners of $25 million in unclaimed life insurance benefits obtained through a settlement with American International Group Inc.
Chief Financial Officer Jeff Atwater said Wednesday that the 61,271 unclaimed accounts are the first batch of several expected to be turned over by AIG.
The settlement is the fifth that Florida has reached with national life insurers. In each case the company failed to use the Social Security Administration's Death Master File to locate life and annuity beneficiaries although many have used the file to stop making annuity payments.
Florida's Bureau of Unclaimed Property now will attempt to return the money to owners or heirs.
People can search for unclaimed property on the bureau's web page — www.FLTreasureHunt.org — or by calling 1-888-258-2253.

For more information contact me:

Juan D. Espinosa
www.es-insurance.com
239-821-9195

Strong winds require strong protection

Hurricanes are powerful. Winds reaching 140 miles per hour can exert an inward push of 1,000 pounds on a typical exterior door. They can blow water nearly six inches up a wall and drive gallons through the smallest cracks. They can transform harmless roof shingles and lawn furniture into flying missiles.

What’s the best way to tackle such an awesome force? Be prepared and start with the right homeowners insurance protection from one of our carriers get a fre quote now.

www.es-insurance.com 

Wind Mitigation Inspection

“Florida law requires insurance companies to offer homeowners discounts or credits for existing building features or home improvements that reduce damage and loss from hurricanes. Florida insurance companies are required to file these discounts with the Office of Insurance Regulation”.
The state has issued a new FL Wind Mitigation Inspection form on 2/1/2012. Most admitted carriers will require this new form for all new policies beginning February 1^st, and may also start requiring re-inspections on existing policies to utilizing the standards as set forth in the new form.

If you need more information or have any questions please contact me:
www.es-insurance.com

Florida Passes PIP Reform Bill

Gov. Rick Scott got the legislation he wanted to reform Florida’s mandatory motor vehicle no-fault law and crack down on the abuses in personal injury protection cases that have led to skyrocketing increases for coverage.

Whether the new measure will be effective remains to be seen.

The personal injury protection (PIP) law was adopted in 1972 to make sure anyone injured in an auto accident would quickly get money to treat their injuries. The legislation provided that a driver’s insurance company pay up to $10,000 to cover medical bills and lost wages after an accident, no matter who is at fault.
PIP costs have risen by $1.4 billion since 2008, largely because of the runaway fraud that threatens the system, most notably in the metropolitan Miami and Tampa areas. Florida ranks first nationally in staged accidents.
The legislation requires an accident victim to obtain treatment within 14 days in an ambulance or hospital, or from a physician, osteopathic physician, chiropractic physician, or dentist. The full $10,000 PIP medical benefit is available only if a physician, osteopathic physician, dentist, or a supervised physician’s assistant or advanced registered nurse practitioner determines that the insured has an “emergency medical condition.” Otherwise, the PIP medical benefit is limited to $2,500.

For more information contact or for a free Quote

http://www.es-insurance.com/