Florida Property Insurers Face Stormy Financial Outlook

Florida is one of the most complicated insurance regions in the United States due to constant population increases, litigation propensity, and differing property landscapes ranging from new development to 18th century construction. All of this, of course, in addition to the effects of Mother Nature such as rising flood tables, varying weather patterns and natural disasters. Such an atmosphere creates the perfect storm for Florida Property Insurance companies, as it continues to keep homeowner’s insurance carriers in a hazardous financial environment.

Protecting Your Home Against Water Damage Provides Insurance Savings

Photo by Mukesh Sharma on Unsplash When the topic of water damage to Florida homes arises, it’s generally perceived to be caused by rising tides. In all actuality, water damage losses from in-home plumbing and appliances are rapidly increasing and may cause extensive damage to your home and personal belongings. Insurance companies throughout Florida have…

How Do Roofs Affect the Cost of Homeowner’s Insurance?

Florida is referred to as the Sunshine State, but don’t let the term fool you. As any Floridian knows, our state has more than its fair share of adverse weather conditions. Whether rain, wind gusts, and even hail, Florida homes can take a beating and the majority of that beating falls squarely on roof of our homes. For this reason, homeowner’s insurance companies put a great deal of scrutiny on roof conditions before insuring a home. Insurance companies acquire and analyze a large amount of detailed data regarding how long roofs last and what the most common causes of damage are. Unfortunately, the results aren’t exactly cut & dry. While cause and age may be isolated, the rating basis for homeowner’s insurance carriers is commonly dictated by the type of roofs and how effective they have been in the past.

IS WATER DAMAGE COVERAGE STILL INCLUDED ON YOUR HOMEOWNERS INSURANCE?

Damage to homes from water leaking or busting pipes is one of the most common types of insurance claims, which speaks volumes as to why it is important to make sure your policy contains proper coverage for this type of incident. Many homeowners’ carriers are now limiting water damage coverage or entirely removing it from their policies when the age of the insured home reaches 40 years. This method of reducing coverage often catches policyholders off guard.

January 31, 2023
Cyber Liability Insurance: Why Your Business Needs It According to AI

Cyber Liability Insurance: Why Your Business Needs It According to AI To demonstrate the power of technology, this entire blog was written by Artificial Intelligence. Thats right, not a single word was typed by a Moore Resources Staffer, or a human for that matter. If AI can write…
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October 31, 2022
Brian Battie Joins Our Ambassador Team

Go Brian Go! We are extremely excited to announce the partnership between Moore Resources Insurance and Brian Battie. Brian Battie is an accomplished Running Back at the University of South Florida. Last year Brian was named a 2021 NCAA Consensus All-American. After his impressive freshman year, among all…
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September 30, 2022
A Sneak Peek into Our Annuity Products

A Sneak Peek into Our Annuity Products In a volatile economic environment, fixed annuities are a great way to protect your income while still growing your wealth. We wanted to highlight two of the Annuity Products that we offer through one of our carriers, Auto-Owners Insurance. Discount: With…
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June 30, 2022
Inside Our Remarketing Department

Inside Our Remarketing Department At Moore Resources, we pride ourselves on our commitment to exceptional customer service. Most insurance agencies do not have remarketing departments, as it isn't viewed as a revenue generator for them. It is especially rare at local, Family-Owned Agencies. However, at Moore Resources we…
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