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The Federal Emergency Management Agency (FEMA) made important changes to the National Flood Insurance Program (NFIP). These changes are the result of continued implementation of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) and the Biggert-Waters Flood Insurance Reform Act of 2012 (BW12). Highlights of the changes include the following and apply to new insurance policies and renewals effective on or after April 1, 2016:

Beginning April 1, 2016, the total average premium increase for all NFIP policies will be 9%. The actual increase for an individual policy may be higher, based on the specific underwriting criteria.

The largest increases will be felt by Pre-FIRM homeowners (homes built prior to 1974 in the City of Naples and 1979 in Collier County), as well as those properties newly mapped from Zone X to an A Zone.

Buyers looking to obtain coverage on a home that once was in Zone X will no longer be eligible for the Preferred Policy Extension. These homes will be rated using an elevation certificate. This change may amount to a premium increase of hundreds of dollars per year. Affected property owners may want to explore obtaining a Letter of Map Amendment (LOMA). If the home qualifies, NFIP will place the property back in Zone X.

Owners of older homes (Pre-FIRM) will lose the subsidized rates if they allow their policy to lapse more than 90 days. Remember those five-figure premiums we were seeing after BW12?

Have a question about Flood Insurance? Let Gulfshore Insurance be your resource.

Too often, homeowners fail to protect their most prized possessions through proper loss prevention. A proactive approach to loss prevention means fewer claims in the future; and fewer claims equal less hassles, less expenses, and a better experience for all.

Gulfshore Insurance has created its Private Risk Services practice as a boutique personal risk management service for affluent and high-net-worth clients. Part of our service offering includes Loss Prevention guidance. We believe this is an important component to an overall personal risk management program, which can ultimately save our clients time, money and the loss of personal property.

Below are several important components to a comprehensive Loss Prevention Program: Read more

Gulfshore Insurance – Private Risk Services has partnered with Naples Security Solutions to bring you an informative series of articles on personal risk protection. Whether it’s protecting your home or condo against theft, safeguarding your most valuable possessions, or protecting yourself from one of today’s most serious threats, cyber theft, we are here to deliver the resources needed to help protect the things you value most. We are pleased to provide you with this eye-opening series over the next few months that highlights several core risk management issues and delivers helpful steps you can take to protect yourself. If you have any questions or concerns, don’t hesitate to contact one of our trusted advisors. Click below to read previous articles in this series: 
Protect Your Home or Condo from Burglary
Personal Watercraft Theft What You Need to Know
How to Safeguard Your Most Valuable Possessions Against Theft

In today’s society, we are more interconnected than ever before. The internet provides us with many benefits and luxuries that make using it part of our daily routine. We shop online, bank from our smart phones, and interact with friends and family through social networks. However, with each click of the mouse, we jeopardize our online security if we haven’t taken the proper precautions.

How do I Protect Myself?
While there is no guaranteed way to protect yourself from cyber theft, there are some simple steps you can take to help keep yourself safe.

Passwords
Use passwords. Use a strong mix of characters, Cyber-crime-05and don’t use the same password for multiple sites. Don’t share your password with others, don’t write it down, and definitely don’t write it on a post-it note attached to your monitor or laptop. If you leave any of your electronic devices unattended, for any length of time, lock them up so no one can use them while you’re gone. Speaking of locking up, make sure your wireless connection is also password protected!

Read more

Gulfshore Insurance – Private Risk Services has partnered with Naples Security Solutions to bring you an informative series of articles on personal risk protection. Whether it’s protecting your home or condo against theft, safeguarding your most valuable possessions, or protecting yourself from one of today’s most serious threats, cyber theft, we are here to deliver the resources needed to help protect the things you value most. We are pleased to provide you with this eye-opening series over the next few months that highlights several core risk management issues and delivers helpful steps you can take to protect yourself. If you have any questions or concerns, don’t hesitate to contact one of our trusted advisors. Click below to read previous articles in this series: Protect Your Home or Condo from Burglary
Personal Watercraft Theft What You Need to Know

According to the FBI, 21% of people never even hide their valuables when leaving the house. Even with a home alarm and monitoring system, floodlights, and deadbolts all in place, if a burglar still manages to get in, you may wish you had added a second layer of protection. For additional peace of mind, valuable items can be stored in a professional home safe.

Read more

Gulfshore Insurance – Private Risk Services brings you an informative series of articles on personal risk protection. Whether it’s protecting your home or condo against theft, safeguarding your most valuable possessions, or protecting yourself from one of today’s most serious threats, cyber theft, we are here to deliver the resources needed to help protect the things you value most. We are pleased to provide you with this eye-opening series over the next few months that highlights several core risk management issues and delivers helpful steps you can take to protect yourself. If you have any questions or concerns, don’t hesitate to contact one of our trusted advisors. To read the first article in the series, Defend Your Home or Condo Against Burglars with These Helpful Tips, click here.

Watercraft SafetyAccording to a recent report from the National Insurance Crime Bureau, personal watercraft continue to be the prime target of thieves, with the category coming in at the #2 spot behind a combined catch-all category of canoes, dinghies, dories, jon boats, kayaks, lifeboats, paddleboats, sculls and skiffs. That means your favorite toy has a very big target on its back, and if you want to keep it safe and secure you’ll need to take a few extra steps to ward off the bad guys.

Here are some suggestions for keeping your watercraft safe, both in and out of the water… Read more