Our Insurance Update

Florida’s homeowner insurance rates are four times the national average. CNN News

A s we enter 2023, a changing insurance market continues to impact coverage, premium, deductibles, and many other factors that are essential to your organization. A lthough the insurance market for some property and casualty (P&C) lines stabilized in 2022, organizations with below-average risk profiles or exposures to loss in certain states or industries faced severe upward rate pressure. In addition to the universal and ever-present need to effectively manage risk, several other challenges are affecting virtually all insureds across all insurance lines.

Hurricane Ian last fall caused $114 billion in inflation adjusted damage, according to NOAA, making it the most expensive storm to ever hit the state, and the third most expensive in US history after 2005’s Katrina and 2017’s Harvey. But for the most part Florida has gotten off fairly easy in recent years, with no hurricanes making landfall in the state from 2019 through 2021.

Much of the damage caused by hurricanes comes in the form of flood damage, which is covered not by private insurers but by the National Flood Insurance Program, a federal agency. But wind damage to homes and roofs are covered under homeowners’ insurance policies. We offering you to review 2023 Market Outlook report.

Base on the above and new appraisal report (94.9M) our Property insurance increased from $226.8k to $899k in 2023 (+296%).

TO HOME OWNERS: It is our pleasure to provide this information and we remain at your service should any further assistance become necessary.

IMPORTANT DOCUMENTS: Certificate of Insurance, LOMA Letter and Roof Condition Inspection Report

IMPORTANT: If there are any changes required such as mortgagee clause information, loan number, or any other detail you might need on the certificate. All requests for changes or questions regarding this certificate need to be made in writing to: Alan Adams from The John Galt Insurance Agency, e-mail: alana@john-galt.com or via fax: 954-440-2833.

Board of Directors

 

 

 

Categories
5 Comments
  1. rumah

    Simply want tօ say ү᧐ur article iѕ as astounding.
    The clearness іn үⲟur post is just greɑt andd i can assume уou’re an expert on thіs subject.
    Fіne wih your permission аllow me t᧐o grab yoour feed t᧐ kkeep up to Ԁate with
    forthcoming post. Thankѕ a miⅼlion аnd plеase continue
    tһe gratifying ԝork.

    Also visit mу web pɑge :: rumah

  2. honest opinion useful digital products

    Great goods from you, man. I have understand your stuff previous to and you are just
    too excellent. I actually like what you’ve acquired here, certainly like what you
    are stating and the way in which you say it.

    You make it entertaining and you still take care of to keep
    it sensible. I can’t wait to read far more from you.
    This is actually a wonderful website.

  3. Portiva

    Good day very cool website!! Guy .. Excellent ..
    Amazing .. I’ll bookmark your blog and take the feeds additionally?
    I am satisfied to find a lot of useful information right here within the put up, we need work out extra strategies on this regard, thank you for sharing.
    . . . . .

  4. Near_me

    For hottest information you have to go to see world-wide-web and on web I found this website as a
    best website for latest updates.

  5. panduan belanja online aman

    Hmm it looks like your website ate my first comment (it was super long) so I guess I’ll just sum
    it up what I had written and say, I’m thoroughly enjoying your blog.

0 Pings & Trackbacks
0 Pings & Trackbacks

Leave a Reply