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Is Your Pool Childproof?

Along with the fun of owning a pool comes the responsibility of making it safe, especially for young children. It’s an unfortunate statistic that drowning is a leading cause of death for children across the United States and the number one cause of death for children in warm-weather states such as Florida and Arizona.

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Economic Downturn May Push Percentage of Uninsured Motorists to All-time High

Approximately one in six drivers across the United States may be driving uninsured by 2010, according to a recent study from Insurance Research Council. Although the estimated percentage of uninsured motorists decreased nationally from 14.9 percent in 2003 to 13.8 percent in 2007, the recent economic downturn is expected to trigger a sharp rise in the uninsured motorist rate.

The recently released study, “Uninsured Motorists, 2008 Edition,” estimates the percentage of uninsured drivers countrywide and by state for the period 2005 to 2007. The IRC estimates the uninsured driver population using a ratio of insurance claims made by individuals who were injured by uninsured drivers to claims made by individuals who were injured by insured drivers.

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Condominium Associations and Loss Assessment

The passage of Florida House Bill 601 now requires all Florida condominium owners to carry property insurance policies to cover the inside of their homes by January, 2009.

Beginning in January, 2009, Florida condo Property Managers will be required to verify that the Unit owners have a proper policy in place which must include a “Loss Assessment” limit of at least $2,000 and list the Association as a named additional insured.  If this coverage is not in existence, the association may purchase an insurance policy on behalf of, and at the cost of, the Unit Owner.

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