Naples Real Estate News 05/22/08
HOMEOWNERS INSURANCE
Florida’s Hurricane Catastrophe Fund has yet another concern: a possible credit problem. According to A.M. Best, the nation’s current credit crunch could impact the Cat Fund’s ability to sell bonds on Wall Street should it need to reimburse insurers following a major hurricane.
CHARITY
The foreclosure problem has given something good to the country’s best-known housing charity: Cheap properties for sale. Some Habitat for Humanity chapters have seized the buying opportunities.
BE ‘FIREWISE’
Here is some good advice for residents of Golden Gate Estates. - Fire researchers say that even 30 feet of defensible space around a home can greatly decrease the probability of structure damage or loss due to a wildfire - a constant danger during Florida’s dry season. Florida Agriculture and Consumer Services Commissioner Charles H. Bronson urges state residents to take action and points to three problem areas that can be corrected inexpensively:
• Roof and gutters: Remove all dead leaves, pine needles, small twigs and palm fronds - anything that can ignite easily by falling embers.
• Sides of the home: Remove dead vegetation and combustibles such as firewood piles.
• Area within 30 feet of the home: Remove dead vegetation, keep grass cut and watered, remove any vines stretching from wild land to the home or into trees, and prune dead limbs from trees and bushes.
For more "Firewise" tips, visit the Florida Division of Forestry web site at http://www.fl-dof.com
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