Olympus Insurance Begins Writing Homeowners Policies in Florida
Southeast News • August 13, 2007
In its application for certificate of authority filed with the Florida Office of Insurance Regulation, Orlando-based Olympus Insurance Co. disclosed $50 million in start-up capital.
The OIR issued ...
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Subject: Replacement Value vs actual Risk
Posted On: November 11, 2008, 12:18 am CST
Posted By: Bud
Comment:
I am new to the Florida insurance shopping game.
I am about to close on a home for 110,000. (foreclosed)
The insurance companies are setting
replacement values at 250,000. plus
does anyone know of an honest insurance
company that will write a polcy with
lets say 150,000 cash cap (risk limit)
no replacement required (cash out)
type of policy ???
this would limit insurance companies risk
and my premiums.
thought!! (would they insure a 20,000 car
for 40,000 ?) why are houses any different? if it is totaled then its
totaled.
thanks be looking forward to your comments.
Subject: Replacement Value vs actual Risk
I am about to close on a home for 110,000. (foreclosed)
The insurance companies are setting
replacement values at 250,000. plus
does anyone know of an honest insurance
company that will write a polcy with
lets say 150,000 cash cap (risk limit)
no replacement required (cash out)
type of policy ???
this would limit insurance companies risk
and my premiums.
thought!! (would they insure a 20,000 car
for 40,000 ?) why are houses any different? if it is totaled then its
totaled.
thanks be looking forward to your comments.