Tag: fl home insurance

Will stopgap measure dig Florida home insurance market out of crisis?

Marc
Florida home insurance - Home in Florida

Regulators have announced a plan using Citizens to avoid consequences of financial ratings agency downgrades. Regulators have announced that they will be using Citizens as a part of a Florida home insurance stopgap plan in the hopes of avoiding the ramifications of financial ratings agency downgrades across several property insurers. The plan is meant to provide a temporary fix, making sure residents will maintain their coverage. The Florida home insurance stopgap plan will use the state’s insurer of last resort, Citizens, as a financial backstop. The insurer will take on…

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Homeowners insurance bill filed by Florida legislator for gun owners

H. Cutner
Florida Homeowners Insurance

This action appears to be made as a pre-emptive strike to regulate the way weapons owners are treated by insurers. Representative Matt Gaetz has now filed legislation that is designed to help to regulate how homeowners insurance companies will be able to treat gun owners, through a bill that is being viewed as a form of pre-emptive strike in Florida. At the moment, application for home coverage do not ask whether or not a gun will be on the property. Within the state of Florida, when a homeowners insurance policy…

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Homeowners insurance customers in Florida receive explanation for cost hikes

H. Cutner
Florida Homeowners Insurance

The commissioner in the state has released a statement to property owners to explain the rates. The homeowners insurance head in Florida has released a statement that has said that there is a reason that the cost of coverage has not been falling despite the fact that one of the biggest expenses typically faced by insurers is now an area in which they are saving money. In fact, the commissioner went on to caution that the rates for this coverage may continue to rise. As some homeowners insurance companies have…

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Homeowners insurance policyholders at Citizens may have savings option

H. Cutner
Homeowners Insurance Florida

Many property owners are unaware of some of the cheaper coverage opportunities that are available. Citizens homeowners insurance policyholders in Florida may have additional savings options available to them of which they have been completely unaware, but that is starting to gain more media attention. As raises in rates have been making headlines from this insurer of last resort, many have missed potential savings. There are less expensive forms of coverage at Citizens homeowners insurance, which are available amid an environment in which the rates are rising at a staggering…

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Homeowners insurance at Citizens shedding some weight

Julie Campbell
Florida homeowners insurance, Citizens Property

Lawmakers have given the state backed insurer the ability to take action to reduce its policyholders. The state backed homeowners insurance company, Citizens, in Florida, will now be reducing its number of policyholders following the approvals that it has recently received from lawmakers. Hundreds of thousands of policies will no longer belong to Citizens but will be shifted to the private market. Certain areas are being affected more heavily than others. Many lawmakers are using this as a kind of pilot program to be able to decide how reforms for…

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