Blog Posts in August, 2016

  • An Overview of Homeowners' Insurance in Florida

    Florida residents know firsthand that it often pays to plan ahead. From hurricanes , floods, and fires to home burglaries, sudden disasters can leave a person’s home devastated and result in immense financial losses. As such, many choose to purchase homeowners’ insurance policies to mitigate this risk. In the event of a covered loss, homeowners’ insurance helps to pay for necessary repairs and ...
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  • Are Insurance Bad Faith Recoveries Taxable?

    If you recover a settlement for bad faith damages, is your recovery taxable? The answer is that it depends. One of the main deciding factors influencing whether or not a bad faith settlement is considered taxable income is whether the recovery is for physical injuries or sickness. In many cases, compensatory damages for bad faith claims related to injuries or sicknesses are tax-free as long as the ...
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