The Coming Rounds of Florida Home Insurance Cancellations and What You Can Do

are doing selective policy cancellations in certain zip codes when they need to balance their exposure or to comply with the terms of their reinsurance coverage.

Many Florida home insurance companies are embarking on ambitious home inspection plans. If those inspections discover risks the companies were not aware of, your Florida home insurance policy could be cancelled. That could include anything from a home in poor condition to one that is missing hurricane shutters.

Finally, Florida home insurance rates are starting to increase again – for most those increases will be in the double digit range.

If your Florida home insurance policy is cancelled here is what you can do to find new coverage.

For starters, don’t panic. Florida law requires insurance companies to give you proper notice before cancelling your policy. That will give you adequate time to find new coverage before the 2010 Florida hurricane season.

Talk to at least five different independent Florida homeowners insurance agents about your situation. That will give you the best chance of reaching most of the homeowners insurance companies in Florida still taking on new business. While your present home insurance agent in Florida can give you some options, odds are that you won’t be given access to all the companies capable of covering your home.

Search for homeowners insurance companies that have been willing to cover older homes in Florida. Some companies will not deny your home