Thousands of Florida mortgages could be at risk because of insurance abuse

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Thousands of Florida Mortgages Could Be at Risk Because of Insurance Abuse.. potentially threatening the solvency of thousands of homeowners policies.". 2017 Personal Insurance Federation of Florida (PIFF).

TALLAHASSEEAn Ohio insurance-rating company has warned that recent court rulings and skyrocketing losses from water-damage claims have created an "uncertain operating environment" for Flor Thousands of Florida Mortgages Could Be At Risk Because of Insurance Abuse –

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Thousands of drivers in Missouri could be driving cars that have been previously totaled in an accident, and never even know it. That’s because current law says. when things like flooded cars are.

Once the expenses are added, these investors could reasonably go out of business. The remaining 28% have a gross profit that is less than 20%. At the best, these flippers barely break even, but in most cases they lose money on the deal. Most flippers spend 20-30% of the purchase price on repairs,

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The money is tax free. Rather than income earned, a reverse mortgage is considered a loan so the IRS can’t get its sticky fingers on it. And a reverse mortgage will not affect your Social Security or Medicare payments. As for the cons, failing to keep up with the monthly fees has cost a lot of people their homes.

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4 more reasons you might need homeowners insurance. Even if you don’t have a mortgage, you could find yourself in situations when homeowners insurance is important. 1. If you can’t rebuild your home out of pocket. For most homeowners, your abode is your largest investment, worth way more than you have in savings.

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Thousands of Florida mortgages could be at risk because of insurance abuse Claims abuse will harm several insurers’ ratings in Florida. Sen. Jeff Brandes, R-St. Petersburg, is fighting to reform.

“Consumers are clearly mindful that these climate change impacts could be within the window of a 30-year mortgage. The three studies are laudable because they attempt to quantify what the insurance.