September 18, 2017, The Real Deal – Extensions prevent policies from canceling and allow any displaced residents some extra time to update their information and file damage claims, Florida’s former Deputy Insurance Commissioner Lisa Miller said. (original story location: https://therealdeal.com/miami/2017/09/18/south-florida-homeowners-are-getting-a-break-via-emergency-insurance-order/)
In the wake of Hurricane Irma, Gov. Rick Scott signed an emergency order that will give homeowners more time to update their insurance policies. The order provides homeowner’s insurance policy holders an additional 90 days to supply required information to their insurance companies.
The extension was placed in mind of the hundreds of thousands of Floridians who were asked to evacuate their homes before the storm struck, according to WLRN. Extensions prevent policies from canceling and allow any displaced residents some extra time to update their information and file damage claims, Florida’s former Insurance Commissioner Lisa Miller said.
The extension also helps the renewal process, so homeowners will have a grace period to renew or find a new policy.
Some of the most impacted areas in Florida were in the Keys. About 25 percent of homes in the Florida Keys were destroyed after Hurricane Irma barreled through the islands, according to estimates by the Federal Emergency Management Agency. [WLRN] – Amanda Rabines
