The Home Insurance Guru

Please read the full article below to see how this affects us here in Fort Lauderdale, Tarpon Springs and all over Florida. This could be a temporary fix for primary homeowners, but not investors. We also do have a Private flood market now and a bill going through Tallahassee as well to make Private flood the best place to look for the High Risk people for now and many years to come. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & financial products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/national/2014/02/24/321318.htm

265K homes in Fort Lauderdale and Broward county will be removed from required flood zones and about 31K will be added to it. Everyone needs to remember that the definition of Flood coverage from a claim is more than just tidal waves and many people have Floods during Tropical storms & Hurricanes. Seepage and other issues can happen to anyone, anywhere as well, so please do not remove the flood policy from FEMA. You are able to purchase Preferred flood for about $365 per year or 1 dollar a day. Always remember that Insurance companies like to deny claims from water damage. If you have Flood Insurance, then you know you are always covered from water damage, but if you do not then it could be an uphill battle against an Insurance company with tons of money to fight the claim. Please be careful and enjoy the full article below and sent to us by our Friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & Financial products as well.

http://www.sun-sentinel.com/business/yourmoney/fl-broward-flood-maps-20140211,0,1244185.story

Great news and more reasons to call L & S Insurance for any home you need quotes for. Not only can we write your Home Insurance in the older home and east Florida(Fort Lauderdale) markets here in S. Florida and Tampa(Pinellas County),now we can write the Flood policy as well saving you Thousands of dollars and making the home more affordable. Please call us at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life & Financial products as well. Please enjoy the full article below before you call us.

http://www.insurancejournal.com/news/southeast/2014/01/24/318340.htm

The Senate passed the bill on a 2-1 margin, but the House of Representatives will not be so easy. Many Republicans do not want to tamper with the bill especially the ones from Texas & Georgia who are on the committee as well. The senate bill removes price reforms and the House will try a modified version. Still seems like party lines are drawn and the Private Flood market is looking better and better. Even if the vote passes, there will still be issues to deal with in 3-4 years after all of the Feasibility studies are done by FEMA. I will let you know when the vote is done and we will see what the Legislators in Washington D.C. will do with this. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life & financial products as well.

http://www.iamagazine.com/news/read/2014/02/13/flood-insurance-bill-set-for-house-vote

I guess all is starting to work to get below 500K as soon as possible. It has to work if you kick everyone out, fight claims, cut coverage’s and make it real hard to get in. I guess this is the real definition for the Insurer of last resort that no one really wanted to hear. The count has not been below 1 million since 2006 so this is a Big deal. This has to happen, so the faster we have it done, the faster we can see if it will really work. How will we know if it works? That is easy, the first Big Hurricane hitting South Florida and the Fort Lauderdale area, will tell us. If the State of Florida and the office of Insurance regulation begin to shut down companies, then we failed and I do not think we will really know till this actually happens. We all hope for the best, but please enjoy the full article below. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial & Life Insurance & financial products as well.

http://www.insurancejournal.com/news/southeast/2014/02/11/320161.htm

Private flood is working and Lloyds is the backer. This is considered Surplus lines so it is not guaranteed by our government, but it is by Lloyds of London and they have plenty of money. For all of those getting these high rates, please call us and we will shop out your Flood policy and other policies as well. The rates in Fort Lauderdale, Miami Tampa, Tarpon Springs and other Key areas here in Florida. There is still a bill passing through the Legislators in Florida which should allow the program to expand as well. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life & Financial products as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/national/2014/02/10/320017.htm

Everyone s been asking this question so here is the answer. Many will receive increases and some will receive decreases, but no one will know for at least 1 year. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial & Life Insurance & financial products as well.

http://www.insurancejournal.com/news/national/2014/02/10/319954.htm

Please read the full article and find out why we pay so much for our insurance here in Fort Lauderdale and all of Florida. First Car accidents being staged, now fires and water damage, go figure. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial & life Insurance products as well.

http://www.insurancejournal.com/news/southeast/2014/02/06/319696.htm

They(these House Republicans) do not care because Flood insurance does not affect them and they assume most people in High risk areas are wealthy! This is not the case for many and this will still be a problem that could take weeks or months to resolve. The Private flood market and not the plan with FEMA, with our Legislators, should progress faster so we have 2 options to help us here in Fort Lauderdale, Tarpon Springs and all of Florida. The governor will sign the bill when it passes so time is the only issue so far. I will keep you posted, but keep watching my blogs as the sessions start soon. Please enjoy the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial & Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/02/04/319303.htm