June 2011

Not the top 5 list you want to make, but Fraud is Fraud and they do call  us the Gold Coast! Car Insurance and Home Insurance claims make us the worst and I am sure Public Adjustor claims have made this worse by far. Auto claims and PIP Fraud have always been a problem for Florida and the new PIP Fraud Bill never even came to a real vote this session and next year is also not likely! Please enjoy the article from The Orlando  Sentinal  and read how  we have been in this list since 2008 and continue to be real bad. Please call L & S for all Insurance quotes w/ Flood, business and Commercial Insurance  and Life Insurance as well.


These increases will be a State wide average of 34% which will be huge for S. Florida as the numbers are usually double that number here?? The company Castle Key Insurance  is the carrier which used to be Allstate Floridian. They took a normal increase last year, but this one will be almost triple the last one and on top of it of couse.  The increases should come soon and of course during  Hurricane season the toughest time to shop for a new policy at better rates.Please call L & S Insurance for all of your Home, Flood, Auto, Business and commercial and Flood  quotes as well as life Insurance.


No new news here, just the facts on Home Insurance, Governor Christ, Governor Rick Scott, the Florida Legislative body and all of the things Florida tries to do and fails all the time. Please read the full article from The Sun Sentinal  to help explain why Home Insurance is so bad here in Florida. Please call L & S INsurance for all of your Home, Auto, Commercial and business Insurance and Life Insurance as well.


Please read up on the inside opinion of the Property Insurance reform bill that just passed and wa signed by Governor Rick Scott  from the perspective of the Insurance association FAIA. It is clear that prices are going up and this seems to be necessary, but the Citizens Insurance bill never even made it to a vote so how will this impact the industry until it does come to a vote? Jeff  Grady is Very candid on several issues and the reading is good and worth it. This is all while we are in Hurricane season and Insurance carriers are still dropping People, Argus Insurance is still in the process of being shut down and Insurance markets are harder to find While Citizens Insurance seems to still be the company of choice by price at least.Let’s hope the Legislators in Tall. start to   realize that the Citizens bill needs to pass or a special assessment will be necessary to help keep people out of Citizen  where and when possible.Please call L & S for a free quoyte on Home, Auto, Commercial and Flood Insurance as wee and enjoy the article below;


With a current 99% collection rate history this surchage system will guarantee that Florida will be able to handle Hurricane season w/ more than 1  storm if necessary.Governor Rick Scott seems to be in favor of this since he wants Citizens to be the last place people should be going for their insurance. Under new laws, no one can avaoid this surcharge once it has been imposed. The only question would be how long does everyone have to pay since many do not have the funds to pay all at once. The Governor wants Citizens to shrink in size and go away, but last month it grew by a net 40K policies  so obviously his theory is already not working. Working closely w/ clients for their Insurance needs, Home, Flood and Auto alike let’s me know that I believe this charge will definitly come, but we are not sure how bad it will be or what the reaction will be as it cannot be taken well. We do advise our clients of things like this, but even then some still want to go w/ current price even knowing it could bounce back  at them. Please read the full article and please call L & S for all your Insurance quotes.


Everyone likes to search the Home  Insurance quotes  based on price and they do not seem to care about coverage’s.Agents who only sell Citizens w/ no other carriers never tell people the true story either and State Farm agents are very guilty of this. Most people are not told about the ability of Citizens Insurance to charge 15% from each of the 3  Citizens Carriers at any time for any financial reason. If a Hurricane comes, not only will you have your 2% deductable to worry about and getting a differant carrier will be nearly impossible as well. You also have to deal w/ a surcharge that could be 3 times what the article here is talking about.Once this surcharge hits you, you can never walk away form it like before because the new Property Insurance Bill just signed by Governor Rick Scott insurs that Citizens Insurance collects it’s fees. This power was given to them by the Legislators in Tall. as well as the OIR and the Insurance commissioner. Most of the people on the board of Citizens are not even experienced in the industry so they have no real working knowledge as to why things  happen. Please read the full article by Julie Patel of the Sun Sentinal and please call L & S Insurance for all of your Home, Auto, Flood, Commercial and Life Insurance busienss.


Great news for nearly 800 homeowners who have been unable to do much w/ their homes. Lot’s of legal issues here that took so long to get resolved as you would expect w/ lawyers, but the end results will finally payoff.Please read the full article on the Drywall issues and remember to contact us at L & S Insurance for all your Home Insurance, Flood, Auto or business and commercial policies and Life Insurance as well.


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