The Home Insurance Guru

Why does every bill put through need to have other things mixed into it. This is what froze Flood Insurance bills for many years and caused many unnecessary extensions. If you simply pass a bill as a bill, life could be simpler. This is pure help for the states affected and the people who lost everything during Hurricane Sandy.Our Legislators in Washington D.C.  finally did something together and worked out a deal so congratulations. I am not sure where the Insurance policies fit in here as many did not have Insurance by choice, so what should be done for them? In any case President Obama will sign the bill soon and money should finally be on it’s way after 3 months. Del;ays from trying to add tax cut issues and spending limits were originally added to this bill, but who knows why???  In any event, please call L & S INsurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business and Commercial, and Life Insurance quotes as well. Please enjoy the fullarticle below;

http://www.insurancejournal.com/news/national/2013/01/28/279159.htm

More Windpool, More Depopulations, A true Keepout policy at 15% requirements and rates prices 15% higher than all the provate markets in the area to reduce the desire to come into citizens or even try. This sounds Like Citizens and Citizens wind pool before Governor Christ back for more. On top of this Citzens, has removed almost 400K policies, but more than 400K have been added by agents and thisis still the problem. The Private marketplace now takes or has nearly 50% of the Florida marketplace, but not every agent has access to these carriers for many reasons so they are placed in Citizens by the agent without a market to place it anywhere else. This will soon be what they call Keepout and it will be on the monds of all Legislators this session in March as well as  Governor Rick Scott when they all meet in Tallahassee. Lot’s of price increases coming for Fort lauderdale, S. Florida and all over Florida as well. We all need to watch this carefully so you know what will happen on top of the Reinsurance issues as well. Please call L & S  at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance products as well. Please read the full article below;

http://www.insurancejournal.com/news/southeast/2013/01/25/278773.htm

There is barely enough money for 1 storm in 1 Hurricane season and what if we have 2 storms????  If Florida, which will affect Fort Lauderdale and all of Soouth Florida worse, could see more major rate hikes soon as the Federal plan is just not likley. The Florida  Cat fund may need to lower it’s exposure by 5 billion or more per storm  and if that happens then all of the  carriers will be required to get more expensive reinsurance form the private carriers (Like Warren Buffet’s company, among other’s). These increases will hurt the Real estate recovery in Florida as rates have been on the rise since Governor Rick Scott has come to office and even before that as well. When our Legislators meet in session soon, this will be a big topic and no National resolution could possibly come that fast. For a National plan to work, we already know that the President (Obama) must endorse the program for any hope and that is not likely as about 20 states have no interest at all to help the other’s. Please read the article below and please call L & S Insurance at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.insurancejournal.com/news/southeast/2013/01/18/277912.htm

Check out Ana, just one of many who turn Florida into Fraudula.  You never know who you are dealing with and Ana has been doing this for a long time. All for money, she put her own 5 kids into harms way and asked them to even lie for her to the court so she would not go to prison. Apparantly a Judge and her children  saw differantly, thank god, and did the correct thing by locking her up and putting her kids in a safer environment. Too  bad it was only 6 1/2 years as she deserves more. This type of crime is why we pay so much for Car Insurance and why our sytem of No fault is crazy and needs to be changed. This also  shows that the bill signed into law in 2012 did nothing and it will still continue to get worse. Please enjoy the full article about Ana and her story  from the Fort Lauderdale Sun Sentinal and sent to us from our friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance quotes as well.

http://www.sun-sentinel.com/about/tribune-search/fl-staged-accidents-with-kids-20130110,0,5425652.story

I still think Citizens does not know what they want to do. Mr. Gilway says that depopulation must occur, but we cannot offend anyone in doing so and hurt the consumer. I agree, but something must be done. A new Keep out plan is in place with hundreds of thousands  more depopulations scheduled already. Keep out means that when you sign up with Citizens an admitted carrier might become available to you and you will be told to not be in Citizens and go to that carrier. This has been tried in the past and failed beacise of many issues, but perhaps this time they may get it right. This article has alot of good info that I have been discussing for many months now, but it is  good reading. Please enjoy the article from the Fort Lauderdale Sun Sentinal and sent to us by our friends at First State Insurance. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Inurance as well.

It would have been bankrupt by Monday, but now it has money. The real question is what will the rates have to go to to make the flood program financially sound. There are those asking for a national catastrophe plan, but we all know the US Government is not good at running these programs. Look at Citizens Insurance here in Fort lauderdale and Florida. Then look at FEMA or National Flood and then what would this plan look like finacially?? In any event, please call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Business & Commercial and Life Insurance quotes as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/national/2013/01/04/276081.htm

9.7 Billion which is far from the 60 billion that will be needed from our legislators in Washington D.C., but at leeast something happened. Now we wait for the Flood Bill for another 9 billion as FEMA will also run out of money by Monday 1/7/2013. Please read the full article and please call  L & S at 1-888-244-7400  for all quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.nationalmemo.com/house-approves-9-7-billion-in-hurricane-sandy-relief/

Governor Rick Scott and the OIR are very friendly with the Insurance carriers in Florida. This is because they want  Florida Home Insurance rates to rise and Citizens to be depopulated and this is how they think it can be done. This Congressional session in Tallahassee our Legislators will soon vote on a Citizens Insurance  bill. This bill will allow Citizens to make the rates actuarily sound which they now feel will be a 17% rate hike instead of the 8-10 percent they have been taking. The real problem with this has been the re inspections and removal of  discounts they used to have. Because of this, increases are 50% in many cases especially here in Fort Lauderdale and most of South Florida. Rates are as hign now as they were  just after Hurricane Wilma and all of this in a bad economy which needs the Real Estate market improving, but Insurance costs are hurting it badly. Insurance costs are most of the time, higher than property taxes and in many cases like mine much worse. I pay 4K in  property taxes, but I will pay about 7K for the Home Insurance on my house this year. This is all because I do not have enough nails for a wrap discount and part of my roof is flat. In any event this article is a good one so please read it below. Please call us at L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.insurancejournal.com/news/southeast/2013/01/03/275867.htm

Please read the article and look for the follow up to see what happens by Monday.Our legislators in Washington D.C. ned to make things happen and quickly.I would assume rate hikes are coming soon with Flood again. Please call L & S Insurance at 1-888-244-7400 for all of your quotes on Home, Auto, Flood, Business, And Life Insurance as well.

http://www.insurancejournal.com/news/national/2013/01/03/275919.htm

Here we go again, after the house kept us from the Fiscal cliff they also managed to find the money for a pay raise as well. Why do they earn a raise, because they argued all  in Washington DC  for 4 years about doing nothing for this economy till the final hour. In any event, now they want to add in things like long term deals for the Florida Gulf coast c issues from the BP spill and the Alaske Pipeline as well. What did they have to do with Hurricane Sandi, but this is how deals are done in our Capital. They all want, but won’t work hard to pass the bill that is so badly needed. We hope they get this done as President Obama wants to sign this bill quickly to start the large relief fund that will be 20 Billion or more and then another 30 Billion for long term. Let’s get this past us now before a new session of Congress starts and they have to start from scratch??? Please read the full article below and please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial and even Life Insurance as well.

http://www.insurancejournal.com/news/national/2013/01/01/275660.htm