Homeowners thinking of mobile homes may remember days in the past, but today the manufactured or prefabricated homes that technically are mobile, but seldom move once they arrive at a home site.
Capitol Preferred Insurance Company asked the Florida Office of Insurance Regulation (OIR) to approve its 36.5% rate hike request based on the skyrocketing number of lawsuits and assignment of benefits claims.
Emergency orders by local governments that said COVID-19 causes property damage don’t mean insurance carriers will have to pay damage claims, a Tampa attorney said.
National Specialty Insurance Co., which operates Velocity Risk Underwriters, received approval last month from the Florida Office of Insurance Regulation (OIR) for a 28.1% rate hike for its Homeowners Multi-Peril program.