GeoVera is the company that wants 50K policies and it looks like if they meet certain guidelines by the State of Florida this will happen. 50K is not enough, but that will open the door for mare carriers to do the same. The protection does not come from the State of Florida and people will not have a choice to go back to Citizens either.The prices may even be higher, but Citizens does not seem to care so this could happen soon. This would be another Non legislative way for Citizens to get rid of clients as fast as they can. Legislators will never vote to do what is needed because they want to get re-elected and they are very shortsighted, but I am with the Governor on this one. Anything to make Citizens a non competitive company w/ prices and coverage’s that are not something anyone would want unless they truly have no options. Please enjoy the entire article and please call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial and even LIfe Insurance policies for Fort Lauderdal and all of Florida.
December 9, 2011
Surplus lines could soon depopulate Citizens Home Insurance.Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Legislators, Rick Scott GOP, Senator garrett Richter, Senator J.D. Alexander, Tallahassee | Tags: Auto Insurance, Car Insurance, Citizens, Flood Insurance, Florida, Fort Lauderdale, Geovera, Home, Homeowners, Insurance, policy |
Leave a Comment