Good News for Many Florida Homeowners Damaged by Isaac

By
Real Estate Broker/Owner with Jeanne Gavish, Keller Williams Realty Elite Partners

When a hurricane hits Florida and causes damage to homes, a Florida Homeowner's Insurance Policy carries a higher deductible than other casualty losses if the damage is due to a Hurricane.  This allows the Insurance Company to pay out less on a claim for a Hurricane, forcing the Homeowner to bear a larger portion of the burden for repairs and restoration of their home.

The good news for those hit by TROPICAL STORM ISAAC is that, because it was not upgraded to Hurricane status til Tuesday, Aug. 28, at 11:20 a.m, insurance companies were reminded by the commissioner of the Florida Office of Insurance Regulation not use the unique hurricane standards against any homeowner who puts in a claim for storm damages.  This allows homeowners to pay lower deductibles and get much needed relief in their claim.

It is important for Florida Homeowners to be aware of their rights in filing a legitimate claim against their insurance policy, as stated in a previous blog post.  After Isaac was upgraded to a HURRICANE,  the law defines windstorm damage as “wind, wind gusts, hail, rain, tornadoes, or cyclones caused by or resulting from a hurricane which results in direct physical loss or damage to property.”

Most Florida Homeowners, with the exception of the Western Panhandle, were damaged by TROPICAL STORM ISAAC, before it became an official HURRICANE.

“For these property losses, all insurers must apply the deductible that is unrelated to hurricane, generally referred to as the ‘all other perils deductible’ or ‘other than hurricane deductible,”Kevin McCarty, the Commissioner of the Florida Office of Insurance Regulation, said in a memorandum, according to a News Release to Florida Realtors. “An insurer that fails to apply the appropriate deductible is subject to administrative action.”

Weather Channel Photo Isaac

Comments (17)

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Jeanne, good information for those homeowners who may have to make a claim and also good to know for the future. It's always easy to refer to a storm as a hurricane especially when the media talks about it in that way, in all the excitement homeowners need to keep a cool head to make sure their claim is submitted as what it is.
Aug 31, 2012 09:33 AM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Thank you for commenting Silvia.  I am on the warpath with Citizen's, our statewide insurance underwriter for their disgraceful treatment of our homeowners.

Aug 31, 2012 11:39 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great info Jean.  I saw this in the Florida Realtor's news release yesterday and it was something I was not aware of.

Aug 31, 2012 10:13 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Jeanne -- valuable information for Florida homeowners especially in the aftermath of Isaac -- hope all is well and safe in your corner of Florida.

Sep 01, 2012 12:23 AM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Thanks Gabe. That was my source.  I am trying to get word out to homeowners because the insurance agents represent the INSURANCE COMPANIES, not the policy holder.

Thank you Michael. We dodged the storm.  Tampa Bay is very lucky as far as that goes.

Sep 01, 2012 02:59 AM
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Great post Jeanne.  Insurance plays a big role in FL because of weather.  We had a closing last week get delayed as the buyer was told no policies will be written till the Hurricane Isaac threat is 100% over.  I am glad the damage was minimum.  

Sep 01, 2012 03:58 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great information for Florida homeowners, Jeanne. Hope you have a wonderful weekend.

Sep 01, 2012 04:22 AM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Thank you Ellie.  I know that feeling about our buyers waiting too long to bind insurance during our Season.

Thank you Barbara Jo.  I am looking forward to going to Walt Disney World for Labor Day.  

Sep 01, 2012 04:39 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Have a blast at Walt Disney World.........going with the family???

Whenever you want to do lunch again at Rusty Bellies or if you feel like venturing to Ozona (about 10 minutes south of there), there is a great Hawaiian Cafe that serves vegan!!! Just let me know when!

Sep 02, 2012 04:07 AM
Tatyana Makarov
Coldwell Banker Residential Brokerage - South Windsor, CT
Your Greater Hartford Area Realtor

Good morning, Jeanne,

Great post for Localism. This is a very valuable information for all Florida residents.

Thanks for sharing and have a great weekend.

Sep 02, 2012 10:15 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

Jeanne, Thanks for Sharing this info & getting the word out! I am glad the State is supporting the homeowners and getting the word out about the exact verbiage of Hurricane vs Tropical storm. there is a difference of tens of thousands of dollars in the different deductibles.

Sep 02, 2012 10:54 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Jeanne, thanks for the info.  We did not know this.  AR teaches us every day!

Sep 02, 2012 11:03 PM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Thanks for the great comments and support guys.  Barbara Jo, I am game for a vegan lunch!

Sep 05, 2012 12:18 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

how about our meeting at Ohana in Ozona next Monday or Tuesday for lunch? Let me know if either of those days works for you (Sept 10th or 11th).

Ohana is on Orange Avenue..........take Alt 19 south to the light at Tampa Rd, turn right til Tampa Road deadends........turn right......Ohana is on the right about a block away, just before the post office.

Which day works for you???????????

Sep 06, 2012 03:23 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Hey, how about that lunch on Monday???

As for going paperless.........I have backups on BOTH Carbonite AND Dropbox! No worries there.

Sep 07, 2012 05:44 AM
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

It will have to be Monday. I am booked Tuesday most of the day. What is the address?

Sep 07, 2012 05:46 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Great information, Jeanne. I'm sure the insurers try to wriggle out of paying whenever they can. Suggested.

Sep 07, 2012 10:13 PM