Archive for the ‘Buying Property in Spring Hill’ Category

postheadericon FAIR Files Additional Lawsuits Against Florida Home Owners Insurance Carriers

Thank You Channel 10 News For Continued Coverage. FAIR is commited To Bringing Balanced Reform For Florida Home Owners. For Information On Joining The Class Action Please Click On the Citizens Class Action LawSuit Button At The Top Of The Screen.

E Loans Mortgage In Spring Hill FL, and Steve Fingerman will continue to fight for Florida Home Owners To Keep Home Ownership In Florida, I Proud To Be A Part Of This Action And Committed To Keeping Home Ownership In Hernando County and The Surrounding Tampa Bay Area Affordable.

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The 10 News Investigators have learned the group suing Citizens Insurance over its insurance practices will file more lawsuits Monday.

We’ve learned that group — FAIR — will be filing class-action lawsuits against private insurance companies Monday.

Those suits will go along with the cases they’ve already begun against Citizens.

The 10 News Investigators have been leading the way on this. Following reports by 10 News last fall, allegations surfaced.

The claims: insurance companies statewide are setting the replacement costs of some homes extraordinarily high — much higher than they should be.

That means the companies can charge you more to insure your house. The technique lets them make more money and dodge state laws that limit how much they can raise your rates.

That practice is what led the group FAIR — Florida Association for Insurance Reform — to the steps of the state Capitol last week.

FAIR announced it’s suing Citizens Insurance over the issue. Citizens is run by the state and backed up by Florida taxpayers.

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postheadericon What’s Not Covered In Florida Home Owners Insurance?

Do You Know What is NOT Covered in Your Home Owners Insurance Policy?

You Might be Surprised

 

In recent years, insurance carriers in Florida have added many exclusions to property insurance policies, with little oversight or public debate. These exclusions are drafted into policy leaving consumers with less coverage for the same (if not higher) premium.

Because many policyholders rarely read every word of their large and complex policies, they may not even be aware of what is NOT covered. Since policyholders are unable to negotiate policy language, they are left with a choice of accepting the changes, purchasing new endorsements or seeking a different carrier.

Examples of common policy exclusions include:

Eliminating Your Rights to Appraisal – For 200 years, policies have included the binding appraisal process to settle disputes between insurance companies and the insured over amount of loss or value of damaged property. Many insurers are restricting or eliminating this provision, which provides important consumer protections.

 

Giving You a Sinking Feeling – Many policies no longer cover damage from sinkholes unless the sinkholes are deemed “catastrophic,” usually meaning large and sudden. But slowly occurring sinkholes can cause catastrophic damage to a home and its value. Damage can run into the hundreds of thousands, often more than the value of the home, leaving many homeowners with no other choice than to walk away from their mortgages.

 

Requiring You to See Through Walls – Most insurance claims deal with water damage, often stemming from damage behind walls or under slabs that doesn’t become noticeable for weeks or months. Citizens and other insurance companies now deny claims for leakage occurring over more than 14 days, even if it is hidden from sight. In fact, Citizens has just announced plans to further expand its water exclusion.

 

Eliminating Coverage for Mold – Where there is water damage mold often forms. Though it is recommended that water be removed and damaged areas dried within 48-72 hours, company insurance adjusters often are unable to visit the home within that time. No matter the reason, if mold forms, most companies will no longer cover the cost of its removal.

 

Leaving Screened Structures Uncovered – Popular in Florida, screened enclosures used to be covered under most homeowner insurance policies. Many carriers have now added exclusions that remove screened structures from coverage.

 

Re-Defining “Falling Objects” – Typically, damage from falling objects in a home or condo (such as floor damage from a falling light fixture or fan) is covered. Citizens’ new condo policy, however, only covers such damage if the falling objects come down from the sky through your roof or walls. Great coverage for meteorites, but little else.

Join FAIR BY CLICKING HERE

postheadericon Search Listings in Spring Hill FL

The best advice real estate experts give is for one to examine more recent sales data and use these as basis for pricing a home appropriately. Studies have shown that pricing homes appropriately would sell them faster and at a higher price show than pricing them aggressively. The Agent Trust team all equipped with professionals gives you an opportunity to dwell in the best of Spring Hill Property locations.

As prices fall in places like the USA and UK, rental incomes relative to purchase price are increasing. At the point that yields is sufficiently high we start to see value as the level of yield provides sufficient headroom for future price growth before yield drops to an unattractive level. Such value investments therefore offer good yields and long term growth prospects.
Note that Spring Hill Real Estate living is something of a reward for you, treat every day there as your best. You can always see positive outlook in the Spring Hill area because people people continue to move there. Like most of the people who chooses Real Estate in Spring Hill FL. We can say that it is one of the coolest places to live in, the perfect combination of great city access and small town feel will really lure you to it and we think investing in Spring Hill Real Estate can be a good place to live in for the future.

In today’s ever changing Hernando County marketplace, when the banks take control of the prices of a given development they reduce the prices drastically. When the prices reach around $200 per Square Foot levels, the whole building sells like magic. You’ll pay this part of your property tax bill regardless of what the home is worth. In many Florida Counties they can be substantial. Those taxes have to be paid even if the tax value of your home is zero.
One of the best places to invest in Real Estate in Florida has quickly become Hernando County. However, the wealthy are not the only ones buying Real Estate in Spring Hill, as both ends of the middle and upper income markets are buying. While the affordability of getting these types of housing units these days is enough motivation to buy, retirees, empty nesters, dual income professionals and individuals have now been rushing to buy homes in Hernando County. The opportunities to obtain fantastic bargains are drawing growing numbers of foreign investors to the Florida real estate market. Fewer risks are associated with real estate property investment in established markets as opposed to newer, emerging markets, although this security is often accompanied by higher property prices.
The recent downturn of the Hernando County real estate market has created a unique position for investors, featuring some of the lowest property prices seen in years. These bargains have created an established market where the cost of housing is mirroring some emerging markets. Additional security to buyers from an established market is the highly developed purchasing processes and availability of financing opportunities. Despite the tightening of lending criteria for real estate financing, mortgage availability in Florida is often more readily available and easy to obtain compared with other US states.

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For More Information About Real Estate In Florida and Homes For Sale In Spring Hill Please visit http://www.e-loanmortgage.com/

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