The Legislators in Tall. have now realized that from 2006 to 2010  SinkHole claims have quadrupled or more. Of course people who have claims and the homes  are in the ground need help, but all the frivoulous claims submitted by Public Adjustor’s and people just trying to collect are the biggest part of the problem. Our New Governor Rick Scott is looking to reform Insurance comapnies and help them as well by deregulating them on rates. Claims from Sinkholes are now at over 80 million in Florida and the premium received is only 20 million for it. Now you can begin to see the problem and most of this falls on Citizens Insurance as well as others like ASI/Ark Royal. Because of all the claims and  many of them being frivoulous as well, the verbiage in policies will soon change to the 10 foot rule which will help control  the Public adjustors from getting so much money from the Insurance companies which also will cause even higher premiums then we are already seeing. A home will have to have sunk 10 feet to quoalify for a claim to be processed.Please read the whole article on SinkHole issues in Florida  and see if you would want to be Insurance commissioner Kevin McCarty who is already fighting for his job. Please call L & S   Insurance for quotes or fill in your info on the Blog page quote section and thanks,

 http://www.insurancejournal.com/news/southeast/2011/01/14/180214.htm

Advertisements