Homeowners Insurance
Non-Renewals
Well, along with State Farm cancelling everyone in the state it looks like some of the newer carriers are beginning to non-renew some of their book as well. We are getting information from Olympus Insurance company that they are cancelling, it looks to me about 25% of their existing book, so they can write newer [...]
Read More..>>Increasing HomeOwners rates!
We have been getting numerous calls the last few weeks, over the rate increases Citizens is going to be implementing (10% across the board) and how many other carriers are using this opportunity to jack their rates as well.
If your rates went up 20% this year, that seems pretty common along the barrier islands. St Johns for [...]
Citizens property & Casualty Viability?
I was again astounded to read yesterday about how even the Board of Governors for Citizens, cannot make the legislature see the writing on the wall, when it comes to how much we all could be in debt if the state gets whacked by another Hurricane season like 2004. Letting the politicians artificially manipulate Citizens rates [...]
Read More..>>Flood Insurance
Well, we just had our first real bout of heavy rain for 2009. Which reminds me of what happened last year when Fay came through and flooded out everyone. I wonder how many of those HomeOwners down in Lamplighter Village went out and got Flood Insurance? I wonder if, when they got the Flood Insurance [...]
Read More..>>CITIZENS V. STANDARD CARRIER
Another consideration not to go with Citizens if at all possible.
From the mayhem that Hannah caused, another problem has arisen. If you had a water damage claim and submitted it to Citizens you have now precluded yourself from going with a standard carrier for at least the next 5 years. Water damage and dog bites [...]