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Home Owners- Beware of AOB Fraud

This last week, many locations across South Florida have received between 4”- 14” of rain, which is typically a month’s worth of June rain. The cloudburst has broken daily records in numerous cities from West Palm Beach to Ft Lauderdale.

While the deluge has thrown things out of gear, homeowners are finding themselves deal-ing with flooding and damage to roofing and other features of their homes. Unfortunately, these desperate situations have also seen a spike in Assignment of Benefits (AOB) fraud and abuse cases.

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Hurricane Deductible Buyback; All You Need To Know

Seven out of ten of the worst, costliest hurricanes in US history occurred in the State of Florida. This translates to billions of dollars in damaged homes, businesses, and all the cleanup and reconstruction costs that follow afterwards. As a property owner, it’s not enough to reinforce your house or take sufficient safety measures in readiness for the next hurricane. Rather, you’ll also require a solid back up in the form of an insurance policy.

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Safety Tips to Keep the Glow of Your Christmas Tree from Becoming a Fire

Most people look forward to the tradition of choosing and decorating a Christmas tree each year. Trimming the tree with beautiful ornaments, garlands, and festive holiday lights is a joy. Although a Christmas tree may be a wonderful addition to your home for the holidays, it can also be a fire hazard.

In fact, Christmas trees are the cause of hundreds of fires each year. Often, shorts in electrical lights or open flames from candles start tree fires, and a tree that catches fire can rapidly grow large. Although a dry and neglected tree can cause serious risks, a well-watered tree will prevent problems.

A few simple precautions can help you enjoy the beauty of your tree without the worry of fire risks to you, your family and your home.

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The Best Valentine's Day Gift You Can Give

Most people spend a great deal of time looking for the perfect gift to give their loved one for Valentine's Day. It's often difficult to decide what might be the most romantic or creative gesture, yet research has uncovered some interesting information about gift giving. In one recent study, it was shown that gift givers generally attempt to give a present that will make the recipient immediately happy, but the recipients didn't actually care about this. Instead, they expressed a desire for something that would be useful when they actually owned and needed to use it.

Keeping this in mind, it's easy to see that many of our initial ideas for gifts could be immediately discarded. Yet, what if you could find a gift that was truly an expression of your love by giving your partner or spouse financial security and peace of mind, if you weren't able to be there to take care of them?

Although a life insurance policy could never replace you, it could take care of the one you love by taking care of their living expenses, debts, or even their retirement. When you buy a life insurance policy, you can share the gift of peace of mind.

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What is Specialty Insurance?

Specialty insurance is common for those with special, unusual or difficult insurance needs, or for higher risk accounts. These policies may be for personal items or events, or can be of a commercial nature for the business owner, his business, and commercial property.
Certain personal items such as jewelry, valuable collectibles, or guns may require the additional protection that a specialty policy can provide. Additionally, certain events such as an unforeseen wedding postponement, trip cancellation, or identity theft could be protected by specialty insurance coverage.

Many businesses utilize commercial specialty insurance for various reasons. For example, a fireworks manufacturer might be considered high risk and have an added potential for higher claim exposure, therefore requiring special coverage. A commercial trucking company might need specialty insurance for their trucks as well as their cargo. Additionally, certain industries such as construction companies, are known for experiencing frequent claims and lawsuits. Industries like these may also need a specialty insurance policy.

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What is D&O Insurance and Who Needs it?

D&O Insurance (or Directors and Officers Insurance) is a type of liability insurance policy that covers directors and officers for claims made against them, as they serve in their official capacity. Coverage is for claims which may arise from managerial decisions that have had harmful consequences, such as those resulting from failure to comply with laws or regulations, misrepresentation or reporting errors. In short, it is basically liability insurance for management errors and omissions.

Other covered risks may result from employment or HR practices, mergers and acquisitions, insolvencies, or creditor claims, to name a few. Not many people would want to accept these as their personal financial risks when they're serving in a management position.

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Pet Health Insurance for Your Four-legged Friends

Humans love their pets the same way as they do their children, and the feeling is mutual. In fact, Americans spend approximately $52 billion per year on their pets. Typically, American households spend more on their pets each year than on alcohol, phone bills, and clothing.

You may visit the veterinarian on a fairly regular basis if you have a dog, cat, or other pet, and the medical bills can really add up. Most pet owners who responded to a recent survey stated that they would be willing to spend any amount to save their ill or injured pet. Yet, the cost of treatment for a pet who is seriously sick or injured and requires major surgery or an extended hospital stay could run thousands of dollars, and might be the difference between a successful or unsuccessful outcome.

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