Shepard Insurance Insights

Home Insurance Exclusions! What is not Covered in the Event of a Claim It is important to avoid an unwelcome surprise, that you are very clear on what is not covered under the insurance policy protecting your home. For this post I am going to paraphrase those terms found under “Exclusions” in your policy to [...] Read More

Increasing Construction Costs! A significant Challenge to Home Replacement Cost. Almost every home insurance policy includes replacement cost language that becomes very important if you ever have a claim. And now with inflation hitting the construction of new and renovated homes, the language is becoming even more important. "when you are insuring a vital asset [...] Read More

Rising Premiums in Flood Insurance Assume the Location We have blogged in the past about Risk Rating 2.0, and the future of Flood insurance. The ability to assume a Flood policy is a significant benefit in controlling the flood insurance cost that is driven by the mortgage of a new buyer. From our limited experience, [...] Read More

Florida Residential Insurance Options Continue to Blow Away Migration to Citizens in Overdrive Despite the timing of the last Hurricane in 2017 (Irma), Florida options on residential insurance continue to evaporate. With two significant Florida insurers declaring insolvency in the last two months, the flow of home and commercial insurance policies has gone to Citizens [...] Read More

Property Insurance Options for New Home Construction Builder’s Insurance - once you select the builder in constructing your new home, and have established the final cost excluding site work, your first option in property coverage is to have the builder implement coverage to insure the build. In our opinion as insurance agents, this is a [...] Read More

Flood Insurance The Need is Obvious, the Cost Not So Certain In the aftermath of Elsa, Fred, Henri and then Ida the need for Flood Insurance has become an important topic. To be clear all flood insurance is issued by NFIP, the National Flood Insurance Program, or 3rd party insurers like Wright National Flood Insurance [...] Read More