According to a new report commissioned by insurers, lawsuit-reform groups, and state representatives, it's primarily an out-of-control litigation economy that is causing Florida's insurance market to be pushed to the brink of collapse.
If you own a home or business in Florida, you understand how important having adequate insurance is in the event of a natural disaster. But a recent report from the Insurance Information Institute found that many people are unclear about what is and isn’t covered in their homeowners’ insurance.
Everyone is relatively aware of the requirements of liability insurance, but most people ponder, "What is GAP insurance?". Like most types of insurance, GAP insurance may go unnoticed until the unfortunate event you need it.