Florida Take Out Insurance Companies – How to Avoid Unexpected Surprises

‘Finance’]);”>Florida Homeowners Insurance – More Turmoil on the Way This Year

This year could bring more unwelcome news about your Florida homeowners insurance including rate increases, policy cancellations, fewer discounts, more failing companies, and continued difficulty finding coverage.

By:
Michael Letcherl
Financel
Jan 26, 2010
lViews: 244

New Concerns About Florida Home Insurance Companies

During 2009, two Florida based home insurance companies went out of business because their cash reserves fell below state required minimum levels. If this had happened during an active Florida hurricane season and your policy was with one of these companies you might have faced significant delays in getting your Florida hurricane claim paid.