Florida's insurance landscape has undergone significant changes in recent years, with new laws and regulations affecting how property owners file and manage their insurance claims. Understanding these changes is crucial for protecting your rights and maximizing your claim settlement.
1. Assignment of Benefits (AOB) Reform
The new AOB law brings several important changes:
- Stricter requirements for AOB agreements
- New notice requirements for insurance companies
- Changes to attorney fee structures
- Enhanced consumer protections
2. Claims Handling Timeframes
Insurance companies now have specific deadlines:
- 14 days to acknowledge receipt of a claim
- 30 days to investigate and respond
- 90 days to pay or deny a claim
- New penalties for late payments
3. Roof Damage Claims
New regulations affect roof damage claims:
- Changes to roof replacement policies
- New inspection requirements
- Modified coverage options
- Updated deductible structures
4. Sinkhole Coverage
Important changes to sinkhole coverage include:
- Modified definition of sinkhole activity
- New testing requirements
- Changes to coverage options
- Updated claim procedures
5. Consumer Protection Measures
New consumer protections include:
- Enhanced disclosure requirements
- New policyholder rights
- Modified cancellation procedures
- Updated premium calculation methods
What Our Clients Say
"I would highly recommend Fraser Property and Adjusting to make an insurance claim. We had a lot of damage after Sally last year and experienced dealing with an insurance claim. We called Fraser and received quick service and outstanding customer service. Jenna and David (Messeri) came out on time and were very professional and helpful! Kudos!"