Peoples Trust, a Florida insurance company, joined Federated National, Heritage, Tower Hill, Southern Oak, and United Property & Casualty as insurance companies excluding water damage from coverage for homes older than 40 years. The maximum coverage for water damage that Peoples Trust will offer for homes older than 40 years is $10,000. This is an inadequate amount of insurance coverage in many cases. Consumers should shop around and secure a policy without this restriction. Drain line breaks, water heater, refrigeration, and air conditioning malfunctions, and plumbing failures often lead to damage to homes well in excess of $10,000. Buyer beware!
You can reach Miami Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at [email protected].