Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now
  • Home
  • Insurance – General

Tag: Insurance – General

Court Affirms Miami Condo Tower Hurricane Damage Award That Disappointed Both Sides (FL)

The 11th Circuit Court of Appeals affirmed a jury verdict that found an insurer liable for $2.6 million in damages to a Miami condominium tower caused by Hurricane Irma, rejecting arguments made in appeals filed by parties on both sides of the dispute.  Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

Continue reading

Great American Agrees to Pay Champlain Towers South Property Insurance Claim and More to Be Discussed (FL)

Great American Insurance Company attorney Bill Wilson of the Mound Cotton law firm announced at a hearing in the Champlain Towers South Case that the insurer would tender its full policy limits and pay additional coverages totaling more than 30 million dollars. The catastrophe was on June 24 and the claims decision was announced only 22 days after the occurrence. While I have often criticized insurance claims executives for taking too long to investigate and come to a claims determination, Great American deserves a Bravo and resounding accolades for putting this claims determination to rest. ...

Continue reading

Miami condo collapse: Warnings of premium hikes and coverage criteria changes (FL)

Florida condominium owners should prepare for the impact of the Miami building collapse on their insurance coverage – including higher premiums and policy changes – insiders have warned.    Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

Continue reading

Condo questions: Can reserve funds pay for increased insurance premiums? (FL)

Q: Our condominium insurance premiums have been fairly steady for a number of years, but we were recently forced to switch carriers and the new policy will cost six figures more than our prior policy. There are no better insurance options and hurricane season is fast approaching. Can we use reserve funds to pay for the insurance premium to make sure coverage continues or as an emergency?    Read the Q&A…………………………………. https://communityassociations.net/category/fl_news/feed/

Continue reading

In a Condo who insures what and who pays for the damage? (FL)

Questions often arise when there is an insurable event (such as when a water or sewer pipe bursts), who pays for the damage? The Condominium Association or the Unit Owner.  The answer will depend upon what the damaged items are. Section 718.111(11)(f), Florida Statutes,    Read the entire article………………………………. https://communityassociations.net/category/fl_news/feed/

Continue reading

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
Copyright © 2021 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Not intended for legal or financial advice, consult your own professionals if such advice is sought. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use