AccuWeather recently released its first predictions for the 2019 Atlantic hurricane season. In 2018, we saw a total of 15 named storms; and, in 2019, AccuWeather is predicting, “a near- to slightly above-normal season with 12 to 14 storms.” According to AccuWeather, “[o]f those storms, five to seven are forecast to become hurricanes and two to four are forecast to become major hurricanes.” Read More

In the aftermath of a hurricane or a major tropical storm, the recovery and rebuilding process can be overwhelming not just for individual homeowners, but for communities as a whole. All of a sudden, the demand for insurance adjusters, contractors and temporary housing is far greater than the supply, and this means that the duration of the recovery process gets extended and many people are forced to move far away from their homes. Read More

Saavedra-Goodwin is proud to announce the opening of our Central Florida Office in Celebration, Florida.

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As a homeowner in South Florida, you know you need homeowner’s insurance. But, do you know why (aside from the fact that your mortgage company requires it)? While many homeowners put little thought into their coverage options, making informed decisions about your home insurance policy can be critical to making sure you are able to rely on your coverage when you need it. Read More

When your home is damaged in a storm or other casualty event, you only have a limited amount of time to file a claim with your insurance company. If you wait too long, your insurance company may be justified in denying your claim entirely. However, this is not the only timeframe homeowners need to be worried about – especially since most homeowner’s file their insurance claims right away. There is also a statute of limitations that applies to lawsuits against homeowner’s insurance companies; and, if you are not aware of this limitations period, your insurance company may be able to use it against you. Read More

When you buy homeowner’s insurance, you don’t expect it to cover everything. But, you might expect it to cover more than it actually does. While homeowner’s policies often start with broad coverage language, this language is subject to a laundry list of exclusions; and, in order to have these excluded perils covered, homeowners must pay extra for “endorsements.” Read More

Fort Lauderdale based law firm Saavedra-Goodwin recently closed a $640,000,000.00 syndicated loan transaction on behalf of their long-time client, Sheltair Aviation Services, LLLP. Read More

If you own a condo in South Florida, your condo association’s insurance policy should provide coverage for any damage to your home. Florida law imposes strict coverage requirements for condo associations; however, for individual unit owners, purchasing home insurance is no longer required. So, if you own a condo, should you still purchase home insurance? Read More

The 2018 Atlantic hurricane season is over, and as we await the National Oceanic and Atmospheric Administration’s (NOAA) first predictions for the 2019 season – which will be released on May 1 – it is worth taking a look back at what we learned last year. With a total of 15 named storms, including a record seven storms eventually classified as subtropical, 2018’s total storm activity, “fell within NOAA’s predicted ranges in [its] pre-season outlook issued in late May [but] was more active than predicted in the updated outlook issued in early August.” Read More

It is the holiday season, and now that it has been several months since Hurricane Michael passed through Florida, some homeowners are starting to receive settlement checks from their insurance companies. But, while it may seem that these checks are coming at the perfect time, homeowners need to be careful to avoid resolving their claims too soon. Read More