Nation wide Insurance

State officials should consider capping local government spending from property taxes, according to a report Gilreath has forwarded to commission members. Only after that, should they look at reducing reliance on property taxes using something like an additional sales tax.
Take the example of Nationwide Insurance Co. of Florida's recent proposed increase, submitted in July and revised last month. The company wants to raise rates by an average of 71.4 percent statewide, but is calling for even larger increases in South Florida -- as high as 82.1 percent in Broward and 105.8 percent in Palm Beach County -- where there's a high risk of storms. Other parts of Florida, such as the Panhandle, are facing significant price increases, too, to bring homeowners prices in line with storm risk.

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Additional sales Tax
State home owners Insurance
Florida's Insurance

Huge Insurance Firms

Yet the insurance companies, to a firm, argue their policies -- most of which contain language clearly promising to pay for hurricane destruction, a premise upon which the policies were initially sold to unsuspecting property owners -- actually cover only wind damage.
The flooding, the huge insurance firms steadfastly assert, is another matter. In other words, you would need additional flood insurance to collect for Katrina.
Lott -- and thousands of other Mississippi, Louisiana, Texas and Alabama residents who've filed lawsuits against the insurance firms -- reasonably and logically contend it was the Force 4 and 5 winds of Katrina that pushed the gulf and reservoir, lake and river waters across the beaches, levees and protecting barrier islands and over inland areas of each of those states, and thus were the causal agent of the damage, whether it was wind damage or water damage.

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Hartford insurance Companies
State home owners Insurance
Home owners Insurance

Real Estate Insurance

Advanced real estate investors often move from residential properties to multi-unit rentals, retail establishments and other income-producing commercial properties. This changes the dynamic from one of increasing the value of a physical space to maximizing the cash flow a property can generate over time, Licastro said. For an education on this topic, Licastro recommends Jack Cummings's "Real Estate Finance and Investing Manual" (Prentice Hall, 1997). "It probably has about 75 percent of what you need to know," he said. For more reading, McBride said, try "What Every Real Estate Investor Needs to Know About Cash Flow . . . And 36 Other Key Financial Measures," by Frank Gallinelli (McGraw-Hill, 2001). It discusses how to gather data, estimate the value of income properties, learn details sellers don't want to share and more, he said: "It really takes you step by step how you make a decision whether to get involved in real estate."

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Property Insurance
Real estate Investor
Real Estate Insurance