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 huge benfits new Florida based Insurance carriers will receive some huge benfits including claim help and even guarateeing the consumer for that companies rate hikes. Yes, the OIR, The Governor and people at the head of Citizens want to sell the policies to carriers, give them perks and then guarantee rates to the consumer at the expense of Citizens and all of it’s reserves.Now any carrier could take a 40% rate hike, the consumer would only pay 10% on the increase and Citizens would cover the rest???? What would stop every carrier from imposing huge rate hikes and taking advantage of a system beaten for many years??? In any event, the options are many and discussions will continue for several weeks or more. Please call L & S Insurance at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial, and life Insurance quotes as well. This article was sent to us by our friends at First State Insurance.
July 27, 2012
Citizens Home Insurance depopulations are back and big time.Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Julie Patel, OIR, Rick Scott GOP, Sun Sentinal | Tags: Auto Insurance, Car Insurance, Citizens, FEMA, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home, Homeowners, Insurance, Julie Patel, our partners at www.1ststate.net, policy, Sun Sentinal |