The Home Insurance Guru

That will mean about 10% here in Fort Lauderdale and most of South Florida, but that seems to be the norm here of late. This was expected so no new news except prices continuing to be on the rise. Citizens Insurance led by Barry Gilway  is still loosing 10’s of millions in Sinkhole claims each year, but  that should begin to shrink each year and strongly to positively affect surplus.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 full article below;

http://www.insurancejournal.com/news/southeast/2013/06/27/297026.htm

The average should be about 8% or so on a Statewide level, but Fort Lauderdale and all of South Florida could easily see over 10% again starting 1/1/2014. On top of that with all that is covered in this article about all that Citizens has been doing, is the depopulation process of existing policy holders as well as the new!!!  If you want to be taken  out of Citizens do it now on your own accord because if they move you out and the cost is no more than 15%higher  then you will have no choice. Most do not understand that they can shop at any time and everyone should do so. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well. Please enjoy the Article below;

http://www.insurancejournal.com/news/southeast/2013/06/24/296440.htm

You cannot distance yourselves from things they track and all politicians like to play Politics. Now the Democrats led by Charlie Christ(Former Republican Governor) is helping to uncover some deals that many say are shady within the Republican Party and are done for political gain. The Investigation will go into next year and who knows what they find, but the deal is done and Heritage will assume an additional 60K policies from Citizens and be paid for them. They will have to pay claims on them, but the ones they take are claim freee at that time so the risk is a good one for Heritage Insurance. What does this mean for Fort Lauderdale and S. Florida is not much. This is Politics in Tall. at their best trying to catch each other doing things instead of just trying to help. Please let L & S help you by call us at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance as well. Please enjoy the full article below as well;

http://www.insurancejournal.com/news/southeast/2013/06/17/295680.htm

Florida has 3 trillion of Real Estate value which is 30% of the entire country and only New York can compete with another 3 trillion so the risk is here for sure. We have been lucky since 2005 with Hurricane Wilma and the Insurance  reserves are building. We can now handle a normal storm, but not a 1 in 30 year storm. Also, we are not ready for 2 storms in 1 season so what can we do???  That is the answer everyone looks for, but it has been made very clear that Citizens Insurance must be reduced in size and this new bill should make this happen by 2014. If this did not happen then Citizens would have to raise rates  so high to make themselves actuarily sound that the Real Estate Industry could not recover from it.  Here in Fort Lauderdale we will still see some big rate hikes this year and next and it will take a new Governor for that to change. Please enjoy the article below and please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance quotes as well at 1-888-244-7400.

http://www.insurancejournal.com/news/southeast/2013/06/03/294104.htm