The Home Insurance Guru

Now the House has to agree and that is not always something we can count on. In this scenario, Flood rates would increase still, but only in small amounts and not the 14-36K premiums we have been seeing. We still have a Private flood bill being considered here in Florida and 6 additional states as a backup. It looks like 1 way or another Flood Rates will be kept in control for at least a few more years until another solution is found. In Fort Lauderdale, Miami and Tampa, a sigh of relief will be felt is the House does do something good for a change. Let’s see who plays politics as usual in the next few weeks and hope for the best from Washington DC. Please read the full article below and please call L & S Insurance at -1888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/01/30/318963.htm

What can you expect from our leader’s but political issues coming to the forefront and not people loosing Homes. I am grateful we are starting our own Private flood market so business can continue without the Politics and the Debt by FEMA to our Government for 25 billion?? 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 & Financial products as well.

http://www.insurancejournal.com/news/national/2014/01/28/318581.htm

Sounds like the Private Market which has some risks, will still likely be a better place for clients then through FEMA. Please read the full article below to see this process in motion. Please call L & S Insurance at 1-888-244-7400 for quotes On Home, Flood, Auto, Business & Commercial, and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/01/24/318297.htm

I still think we need to no longer be a No Fault State as there is no reason to do so, but that will still be up for discussion this legislative session. Remember that the savings is about 12% of the PIP premium, but only about 3% of your total premium so the savings is not so great. In Fort Lauderdale, Miami and most of S. Florida rates are high so 3% in my pocket is better than the Insurance companies so it helps. Reforming the State and no longer being a No Fault State is what we really need to do. In the meantime let’s just enjoy some savings and hope for the best. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life & Financial products as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/southeast/2014/01/24/318288.htm

In response to Jeff Atwater the CFO of Florida, Kevin McCarty has finally decided to help Floridians and the Real estate market in General. Several Months ago I blogged about this issue raised by The CFO and now we finally have some positive answers. I have already seen some carriers reducing rates for the Spring so good things to look forward to as long as Hurricanes like Andrew, Katrina, Wilma & Sandi do not find their way to Florida. Please enjoy the full article below from the Insurance Journal. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and life Insurance products as well.

http://www.insurancejournal.com/news/southeast/2014/01/21/317685.htm

Not bad for a Flood carrier!! Now with all of the new business to come from Private flood, this could be a more lucrative market. Flood rates(From FEMA) in the Fort Lauderdale area are way to high on the coast so private flood will be a savior to the Real estate market!! Please read the full article below. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life Insurance products as well.

http://www.insurancejournal.com/news/national/2014/01/15/317366.htm

Led by Senate Banking and Insurance committee in Tallahassee and sponsored by Senator Brandes of St. Pete, the Flood bill being privatized is well underway. Still many concerns, but Washington does not seem to have a better solution so it will not wait for the Fed and FEMA. This could help over 280K people in Fort Lauderdale and Florida and 6 more states may still come. Any solution to save the Florida Housing market would be welcome at this time. If FEMA and Washington, come up with better ideas then time will tell. Only 2 carriers are in line so far for the private market policies, but the thought is that when the bill passes, more carriers will show up. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2014/01/13/316916.htm

While this decision is still going on in Washington, the playmakers are not even waiting for this to happen or not. It looks like a new Flood Policy from a private market will soon be available in Florida and at least 6 other states. The rates for the hardest hit by FEMA, will still be higher than before, but significantly better priced. We have 2 scenarios working to solve 1 problem, so who knows how it will end, but Private flood is coming and will be backed by Lloyds of London. People from Fort Lauderdale, all of S. Florida and Tampa areas like Tarpon springs have all been the hardest hit, but it does look like Private flood will fill in gaps as needed and then we will see how things continue on in the future. We await the passing of the Private flood policy by our legislators in Tall. but this seems to have huge support and should pass quickly. Please call L & S at 1-888-244-7400 for Insurance quotes for Home, Auto, Flood, Business & Commercial, & life & Financial products as well. Please enjoy the full article below from the Insurance Journal for the US.

http://www.insurancejournal.com/news/national/2014/01/09/316502.htm