Flood(FEMA) Insurance,rates could double in next 4 years.
Yes, we knew this was coming, but w/ 18 billion in debt, this was a must. Flood is a cheap policy anyway, but $550 doubled will now be $1100 in 4 years so it will have an impact for homeowner’s. In...
View ArticleCitizens Insurance,7/16 date for the Vote to raise rates for Fort lauderdale...
They have raised rates faster and have done more negative changes that affect the consumer than any other carrier, but they still have incurred losses in 2011 totalling 511 Billion overall. The 50%...
View ArticleCitizens Insurance fighting more claims than ever in Fort Lauderdale and all...
Citizens Insurance is not looking to be nice as they have told the consumer to go out and get Private Insurance. These trends will continue until Citizens reaches Governor Scotts goal of being down...
View ArticleCitizens Insurance panel approves more reductions in Coverage.
You will now loose more coverages limitations like water damage, have higher deductables and higher rates as well. According to Julie Patel of the Fort lauderdale Sun Sentinal, the Citizens board...
View ArticleCitizens Policy Holders getting re-inspected is a very profitable business...
In an article by Julie Patel just ask yourself 1 question and then maybe another. If you could spent $37 Million doing Mitigation Inspections on homes previously inspected, using new forms, and...
View ArticleState Farm and other carriers, not paying old claims anymore?
There are state regulated time frames for processing claims, but Hurricane Wilma claims have been allowed to be much longer than normal. The norm is within 60 days, But Wilma claims have been around...
View ArticleMore Huge rate hikes scheduled from State Farm, Allstate, Universal and...
Look at the average increases and then double them if you live in Fort Lauderdale or South Florida and even the rest of Florida will get hit!! These increases come on top of already huge increses this...
View ArticleState Farm Increases challenged in Fort lauderdale and Florida, but they are...
This inquiry by the OIR in Tallahassee is just that and the rate hikes will come soon by State Farm. Fort Lauderdale and S. Florida will be hit hard and the amounts should be double what you read....
View ArticleCitizens Home Insurance depopulations are back and big time.
Here we go again, in another attempt by Governor Rick Scott to try and reduce Citizens at a faster pace. In a good article by JuliePatel of the Fort Lauderdale Sun Sentinal which explains all of the...
View ArticleCitizens Home Insurance 10% Statewide average rate hike approved!
10% in Fort Lauderdale means 20% most of the time for all of South Florida. At least they will keep the water damage coverage for now! Thanks to Julie Patel for following this story for the Fort...
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