Thursday, 28 September 2017

Hurricane Deductibles

Sihles Insurarance Group – Traci Sihles

Hurricane Deductibles

Most homeowners policies have an “all other peril” (AOP) deductible for losses caused by perils such as vandalism, fire, lightening, and theft and a separate deductible for hurricane losses.

The hurricane deductible is mandated by Florida statutes.

The hurricane deductible is expressed as a percentage, typically 2-5%, but higher percentages are available. It is a percentage of the coverage amount, not a percentage of the loss.

For an example, a structure insured for $200,000 with a two percent deductible would have a deductible of $4,000 for damage caused by a hurricane.
The hurricane deductible applies only for a hurricane as defined in the statutes. According to Florida Statute 627.4025, a hurricane means a storm system that has been declared a “hurricane” by the National Hurricane Center or the National Weather Service. Note that a named tropical storm does not trigger the hurricane deductible.

According to the statutes, the duration of a hurricane in which the hurricane deductible would apply includes the time period:

Beginning at the time a hurricane watch or warning is issued for any part of Florida by the National Hurricane Center.
Continuing for the time period during which the hurricane conditions exist anywhere in Florida; and
Ending 72 hours following the termination of the last hurricane watch or hurricane warning issued

The deductible applies on a calendar year basis. Using the earlier example of the $4,000 hurricane deductible, that $4,000 applies for all losses during the calendar year for losses due to hurricanes. For example, in 2004 some areas of Florida were hit by three major hurricanes in about 40 days. This calendar year deductible applies only if the customer was insured by the same company during all hurricanes. Assume that a hurricane causes $40,000 in damage; the claim is paid less the $4,000 deductible. If there is a second hurricane during the calendar year, the $4,000 hurricane deductible does not apply; instead the AOP (all other perils) deductible applies.

In a different example, suppose that the first hurricane causes damage of only $3,000. Due to the $4,000 deductible, nothing is paid by the carrier and you pay $3,000 of the deductible. If a second hurricane were to cause $35,000 in damage the claim is paid less a $1,000 deductible ($4,000 hurricane deductible less the $3,000 that applied for the first hurricane, leaving $1,000 deductible). If a third hurricane were to cause damage in the same calendar year, the AOP deductible would apply.

Many, if not most, insurance policies require that the customer report all hurricane losses, even those that are clearly below the deductible.

Policies are different; it’s key to read the specific policy in question to see how deductibles are structured.
For example, non-admitted insurance carriers will not comply the same as admitted carriers with some of the state’s regulations regarding hurricane deductibles.

Hurricane deductibles on policies typically can only be changed at the renewal date of the policy.

For questions and more information, please contact Traci Sihle.

The post Hurricane Deductibles appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/hurricane-deductibles/

Wednesday, 27 September 2017

What’s My Home Worth?

Looking to find out what your home is worth in Central FL? This is a free report that will give you CMA – Comparative Market Analysis Report of your home value based on the most recent sold homes in your neighborhood!

Well, this link will let you get a report in about 1 minute!

Call the Petridis Home Team if you need any further assistance.

The post What’s My Home Worth? appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/whats-home-worth/

Tuesday, 26 September 2017

Horizon West Expansion communities are fastest growing communities

Wednesday, 20 September 2017

6971 Corley Ave WIndermere FL 34786 – New Price

New Price of home at 6971 Corley Ave, Windermere FL 34786 is $387,500. This home is ready for you and your family to quickly move in. Solar Panels on this home will transfer with the sale of the home and will be fully owned by new buyers. The electric bill is approximately averaging between $70 to 90 per month. The home is zoned for the Windermere High School so do not delay and give the Petridis Home Team a call to see the home.

6971 CORLEY AVE, WINDERMERE, FL 34786 (MLS # O5525776)

(all data current as of 9/20/2017)

View Virtual Tour

Price	$387,500
Beds	4
Baths	3 baths
Home size	2,885 sq ft
Lot Size	6,534 sqft
Days on Market	61
Status	Active

Stunning and immaculate Windermere Terrace home with 4 bedrooms, and 2.5 baths. Home is zoned for Windermere High School, Bridgewater Middle School and Sunset Park Elementary. Home features include newly installed Solar Panels, Water Softener, and Custom built TV unit with Cabinets and Fireplace in Great room. Home has a nice open floor plan with a guest bedroom on the first floor. Large Dining area with crown molding and 18 inch tile floors. Kitchen features granite counters, food preparation island with sink area, and a second island for your prepared food. Stainless-steel appliances with 36 inch staggered birch cabinets and walk in pantry and tiled back splash. Office with desk and cabinets with a drop station bench and storage bins when you come in from the two-car garage. Second floor includes a very large Loft/Bonus room. Master Bedroom suite comes with tray ceiling, with shower, bath tub, two sinks and a big walking closet. Two more Bedrooms with a Laundry room, cabinets and sink. Large screened in-Lanai with a fenced in back yard. Home features a large array of solar panels to help you with your energy bill. Electric bill is less than $100 per month. Windermere Terrace offers a community pool and walking path for the community. Home offers easy access to the 429, CR 535, Florida turnpike, the 408 and I-4. Located within 10 minutes to Walt Disney World parks and about 25 minutes to Universal and Sea World. Easy to show.

Property Type(s): Single Family

Last Updated	8/23/2017	Tract	WINDERMERE TERRACE
Year Built	2014	Community	Windermere
Garage Spaces	n/a	County	Orange
Total Parking	n/a

Price History

Prior to Jul 21, '17	$395,000
Jul 21, '17 - Today	$387,500

Schools

Elementary School	Sunset Park Elem
Jr. High School	Bridgewater Middle
High School	Windermere High School

Additional Details

Lot	6534 sq ft	Area	Windermere
HOA Dues	67.00; Monthly	Pool Description	Community
Stories	2	Subdivision	WINDERMERE TERRACE
Taxes	$5263.00	Utilities	Cable Connected,Electric,Public Municipal Water,Public Sewer
Zoning	P-D	Lot Dimensions	65 X 100

Features

Air	Central, Zoned/Multiple
Air Conditioning	Yes
Appliances	Dishwasher, Disposal, Hot Water Electric, Microwave, Range, Refrigerator, Water Soften
Basement	Foundation: Slab
Construction	Stucco
Exterior	Fenced
Fireplace	Yes
Garage	2 Car Garage, Yes
Heat	Central, Heat Pump
Interior	Attic, Blinds/Shades, Built in Features, Ceiling Fan(S), Crown Molding, In Wall Pest System, Smoke Alarm(S)
LotDescription	In City Limits, Sidewalk, Street Paved
Pool	Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with Coldwell Banker Residential RE

(view all details for MLS #O5525776)

The post 6971 Corley Ave WIndermere FL 34786 – New Price appeared first on Orlando Florida.

source http://www.orlandoflhomesandland.com/6971-corley-ave-windermere-fl-34786-new-price/

Thursday, 14 September 2017

Windermere High School Zoned- Open House | 6971 Corley Ave, Windermere FL 34786

Open House Scheduled for Saturday, September 16, 2017 and Sunday, September 17, 2017 12 PM to 2 PM