The Home Insurance Guru

Senator David Simmons of Altamonte Spring added some changes which totally make the bill ineffective to what was intended. Now that a bill was passed, the House of Representatives  now has to vote, but with only days left in the session, it is not lilely that a bill can be pushed out in time to pass and be sent to the Governor to sign. No bill means no change to the norm we have had. The norm is rate hikes with no end, and in Fort Lauderdale this has been real hard on many. It seems this may all be for naught and our Legislators will go home with no clue what to do next. What we really need is to stop playing the party line and do things for the consumer to make it easier to live here in South Florida.The Real Estate market needs prices of Home Insurance to stabalize and that does not seem likely. Till then no deal so please read the full article below. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & COmmercial, and Life Insurance quotes as well.

http://www.insurancejournal.com/news/southeast/2013/04/26/289915.htm

Flood Zones are changing this year and many will not be required to be covered by a Flood policy, but Flood Insurance is still needed more than ever. Flood is the leading natural disaster there is known to common man and if you like or love your home, you should protect it. If you no longer need Flood Insurance that also means that a Flood policy could be priced 1/2 of what it was so it is still a great Value. Please remember that Seepage is Flood and not a Home Insurance claim so you will not be covered with out. Please call L & S Isurance at 1-888-244-7400  for all of your Home, Auto, Flood, Business & Commercial and Life Insurance quotes as well. Please read the full article from the Florida Insurance Journal.

http://www.insurancejournal.com/news/southeast/2013/04/23/289479.htm

Just like in Wahington, they cannot agree and there are so many variations to this bill  that little may happen this year. To me, this means that they do not want to go to work for the people of Florida and try to help the situation. Prices of Insurance are so high, many are loosing their homes because of insurance premiums and not from not  paying the mortgage.  Senator A. Hays and Governor Rick scott had best do something to try and help the people of Florida and especially those in Fort Lauderdale and all of South Florida where the rates are going out of control and will continue to get worse. Those legislators in Tall. need to do more work for us than stand party lines!!!   Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well. Please read the full article below from the Insurance Journal today 4/19/13

http://www.insurancejournal.com/news/southeast/2013/04/19/289163.htm

Our Cat fund needs 17 Billion(which I think is way to low) to meet it’s curent Immediete needs, but the fund is more than 7 Billion short now. If you wait for the storm and issue Bonds it will be harder to sell and more costly. Who would want a bond on a State that has been clobbered already! If you buy now, you are betting the storm does not hit or hits in a less populated area. 2 Billion is better than none, but let’s see if the offer actually sells when it is available. In the meantime we await more news about The property Insurance bill which is still making it’s way through Tallahassee with our Legislators. In Fort Lauderdale and South Florida we wait to see how bad the Citizens rate Increases will be which will also dictate prices of other home Insurance companies going into next year. Governor Rick Scott could veto the bill, which would be a surprise as he has pushed for it, but if he does it will be to win votes for the re-election.Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well. Please enjoy the fullarticle below from the Insurance Journal.

http://www.insurancejournal.com/news/southeast/2013/04/17/288636.htm

MIke Mayo of the Fort Laud. Sun Sentinal has hit it on the head. I do not agree with what and how he is saying it, but he is correct that no one is looking out for the consumer. The bill needs to be passed as Citizens and the Florida cat fund are 1 storm away from Bankruptcy and that is a problem, but pushing rates even higher will not only force more Homeowner issues , it will hurt the Real Estate Business in Florida which is 2nd only to Tourism. If we do not have healthy Tourism and Real Estate sales then Florida will suffer greatly. On the other hand if we do nothing then 1 hurricane hitting S. Florida will hurt the State Financially and cause a max exodus from here. Governor Scott wanted this bill and here it is, but now we have his unpopularity and a re-election soon. Could he sign and still win or will he have to veto to save his career  as a Governor for another term. All this and still more to come. Please read the full story by Mike mayo of 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 Insurance as well.

http://www.sun-sentinel.com/news/fl-citizens-mayocol-b041413-20130413,0,5685424.column

With all of the media and now a Judge trying to repeal the bill passed last year and signed by Governor Rick Scott. No one seems to want to take the bull by the horn as they are all afraid of the repurcussions that are needed to save PIP Fraud from getting even worse. Propor reform will affect a lot of people and that will break friendships and donations made. Who is willing to loose that money to do what is needed in Florida and then who will actually vote for it anyway. This looks like it will again go nowhere. Please read the full article below from the Insurance Journal. Please call L & S for quotes on Home, Auto, Flood, Business & COmmercial and Life Insurance as well at 1-888-244-7400.

http://www.insurancejournal.com/news/southeast/2013/04/11/288064.htm

Why pay a claim from your base Insurance carrier(LIke State Farm) when you can say it was flood coverage and then have FEMA pay for the claim????  This also limits the consumer payout to 250K which is the max payour for a building or home for a flood policy. State Farm will try to appeal the case, but they will have to reimburse FEMA 250K and then the claim will have to be reviewed to see if the State Farm policy would have or should have paid more. Perhaps the wright your own Flood policy that every company can do and make money of, should be reviewed and not allowed by carriers that do the Home Insurance policies as well? In any event please read or follow the story as it is appealed by State Farm and see how even this type of Fraud affects our insurance rates and here in Fort lauderdale and all of South Florida, we are paying for it way to hard these days!! Please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial, and life Insurance as well at 1-888-244-7400.

http://www.insurancejournal.com/news/southeast/2013/04/10/287828.htm

What a waste of taxpayer dollars last year to spend all the time to pass a bill when everyone knew that to repeal PIP is the only real solution to a lot of Fraud here in Florida. Fort Lauderdale and Miami are impacted the most, but all of Florida needs some rate decreases somewhere so making Florida a PIP state no more would be a better suggestion to all. Let’s see what the legislators in Tall. do now??  Please read the full article below from the Fort Lauderdale Sun Sentinal and written by the Tallahassee division, but sent to us by our friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance as well.

http://www.sun-sentinel.com/news/fl-pip-no-more-20130402,0,6803996.story