The Home Insurance Guru

10% in Fort Lauderdale means 20% most of the time for all of South Florida. At least they will keep the water damage coverage for now! Thanks to Julie Patel for following this story for the Fort lauderdale Sun Sentinal and to our friends at First State Insurance. Please read the full article and call L & S Insurance for Home, Auto, Flood, Business & Commercial and Life Insurance quotes at 1-888-244-7400.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/citizens_insurance_approves_10.html

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.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/proposals_to_transfer_citizens.html

This inquiry by the OIR in Tallahassee  is just that and the rate hikes will come soon by State Farm. Fort Lauderdale and S. Florida will be hit hard and the amounts should be double what you read. State Farm is my new best friend so many of the loyal cusotmer’s for so many years at these rates are not willing to be clients anymore. Please call L & S INsurance at 1-888-244-7400 for quotes on Home INsurance, Auto, Flood, Business and Commercial and Life Insurance as well. Please enjoy the article by Julie Patel of the Fort lauderdale Sun Sentinal and brought to us by our friends at First State Insurance.

http://articles.sun-sentinel.com/2012-07-25/news/sfl-state-farm-insurance-grilled-20120725_1_state-farm-florida-office-of-insurance-regulation-rate-hike

Look at the average increases and then double them if you live in Fort Lauderdale or South Florida and even the rest of Florida will get hit!! These increases come on top of already huge increses this year from each of those carriers, but my info says that 19 carriers are scheduled for rate hikes later this year. Julie Patel of the Fort Lauderdale Sun Sentinal writes this article, but the real unknown question is what will the Citizens rate hikes be for January 2013?? The Mitigation inspections being redone are causing huge rate increases, but if we do not see a large increase from Citizens  people will be choosing Citizens still and that does not meet what the Governor wants to accomplish. Either way, it is very expensive to own a home here in S. Florida as my Insurance is already 50% more than my taxes? Please call L & S for a  quote on Home, Auto,Flood Business & Commercial, and even Life Insurance at 1-888-244-7400. This article below was sent to us by our Friends at First State Insurance.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/three_major_florida_home_insur.html

There are state regulated time frames for processing claims, but Hurricane Wilma claims have been allowed to be much longer than normal. The norm is within 60 days, But Wilma claims have been around for years. In this article by Julie Patel of the Fort lauderdale Sun Sentinal you will see that this claim submitted years after Wilma will now be declined because of the dates it was submitted. I am in agreement w/ the decision as you can always blame the Hurricane for old issues, but you should take care of your home and have it checked to be sure there are no problems. Florida is like Fraudula  and a  lot of Public adjustors just want to blame all unexplained claims to Hurricane Wilma still 4-6 years  later and this cannot still be allowed. Please read the full article below which was sent to us by our Friends at First State Insurance and please call L & S at 1-888-244-7400 for all of your Home, Auto, Business & COmmercial, Flood and even Life Insurance quotes.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/bad_news_for_some_state_farm_c.html

In an article by Julie Patel just ask yourself 1 question and then maybe another. If you could spent $37 Million doing Mitigation Inspections on homes previously inspected, using new forms,  and receive annually more than $137 Million, how many inspections would you do?? Well, this is simple math and together with the Inspections being more dificult to qualify for credits, Citizens and now every other carrier are all willing to do a new Mitigation Inspection to increas the revenue they receive. This means that owning a home in Florida is that much more money now close to averging 4K per year in Fort Lauderdale and all of South Florida. Please read the full article blow  brought to us by our friends at First State Insurance and please call L & S Insurance  at 1-888-244-7400 to try to shop out your Home,Auto, Flood, Business & Commercial and even life Insurance.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/citizens_insurances_premiums_r.html

On the East coast of Florida, you should not see as much happen, but if you are west of I-95 in S. Florida, Citizens will try to get rid of your policy soon.All those in Fort lauderdale and all over S. Florida are at risk for this change. It is only a question of time that this was destined to happen and this will make Citizens and it’s slush fund and Bond issue in a much better financial situation if it can happen before the next hurricane hit’s Florida. We have already had 2 storms out of 4 Hit Florida this season already and we are only in  Mid July so watch out. The  plan is in motion and will continue for several years so try to leave Citizens if and when you can. Please call  L & S Insurance at 1-888-244-7400 for a quote on Home, Flood, Auto, Business & COmmercial and Life Insurance as well.

http://www.insurancejournal.com/news/southeast/2012/07/17/255946.htm

You will now loose more coverages  limitations like water damage, have higher deductables and higher rates as well. According to Julie Patel of the Fort lauderdale Sun Sentinal, the Citizens board approved all of those changes and more still to come.   More reasons why Citizens is still trying very hard to tell everyone that they need to start looking for coverage elsewhere at any price.Our Governor has mandated this and soon you will not have any choice so it is best to start the process ssoner rater than later. Good luck with Citizens claims as Public adjustors will not want to even try w/ Citizens even though they are no longer allowed by law anyway. Please  tell all of your fiends to call L & S Insurance for all of your Home, Auto, Flood, Business & Commercial, and life Insurance quotes. Please enjoy the article below brought to us by our friends at First State Insurance.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/_implementing_a_limit_of.html

Thousands of Permits in many cities were never completed when the work was done in 2006 after Hurricane Wilma. This has caused a major problem, especially in the last 4 years w/ the Real Estate Market trying to swing like it finally has of recent months. Each city may now see this as a way to generate more revenue w/ fees and fines. This has beeen causing problems with people trying to get Mitigation inspections completed, having no proof of the new roof so  no FBC credits among other’s as well. I am hearing more of this, but by the time we receive everything the buyer’s have been through this problem already. I do always advise to do the Mitigation and 4 point inpsections as early as possible to be sure the home is insurable and to know what the new Insurance rates will be when the deal is ready to go. Please enjoy the full article below by the Fort Lauderdale Sun Sentinal and brought to us by our Friends at First State Insurance.Please call L & S Insurance at 1-888-244-7400 for all of your Home, Auto, Flood, Business & Commercial, and even Life Insurance quotes as well;

http://www.sun-sentinel.com/news/palm-beach/fl-city-expired-permits-20120713,0,2420357.story

Citizens Insurance  is not looking to be nice as they have told the consumer  to go out and  get Private Insurance. These trends will continue until Citizens reaches Governor Scotts goal of being down to 750K policies in less than 3 years. My next Blog should have more on the rate Hikes for next year as well as more negative changes for Citizens Policy holder’s as they renew(If they are not smart enough to ask us to shop it out for them.) Please read the full article by Julie Patel of the Fort Lauderdale  Sun Sentinal and sent to us by our friens at First State Insurance. Please enjoy the article and call L & S Insurance at 1-888-244-7400 for a quote on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/citizens_insurance_has_more_di.html