Hopefully all the carriers that do the takeouts have at least an A- rating from Best’s and have been in business for 15 or more years. If not, watch out!!!!
I know, but I had to try. I should have also said that all these takeout carriers should have AT LEAST $100 million in policyholders surplus. I know, now I’m really being funny!!
If Citizens loans any private carrier any $, they are absolute fools if these carriers aren’t rated at least A- by Best’s, have been in business at least 15 years AND have at least $100 million in policyholders surplus!! What happens if these carriers aren’t able to pay back their loans from Citizens??
Does anyone know the rates these co’s will charge when they take you out??? Good luck trying to find that out I tried no one has a clue. Would you go to a company that you had no idea what their rates were and they are underfunded not AM best rated co’s?!?!?! Why do these Co’s need loans? Makes you go UMMMMM..
Everyone is hell bent w shrinking citizens but no one really has a good place for them to go. How bout telling tem what their rate will be with the new take out co???
Hopefully all the carriers that do the takeouts have at least an A- rating from Best’s and have been in business for 15 or more years. If not, watch out!!!!
A- or better in Florida. You’re funny.
I know, but I had to try. I should have also said that all these takeout carriers should have AT LEAST $100 million in policyholders surplus. I know, now I’m really being funny!!
If Citizens loans any private carrier any $, they are absolute fools if these carriers aren’t rated at least A- by Best’s, have been in business at least 15 years AND have at least $100 million in policyholders surplus!! What happens if these carriers aren’t able to pay back their loans from Citizens??
Not sure many companies that meet this profile would be interested in assuming Citizens policies.
And I’d like to draw to your attention the fact that State Farm, Allstate (Castle Key), and Nationwide all fail these hypothetical guidelines.
Does anyone know the rates these co’s will charge when they take you out??? Good luck trying to find that out I tried no one has a clue. Would you go to a company that you had no idea what their rates were and they are underfunded not AM best rated co’s?!?!?! Why do these Co’s need loans? Makes you go UMMMMM..
Not to worry. these carriers are “A” rated…by Demotech.
Everyone is hell bent w shrinking citizens but no one really has a good place for them to go. How bout telling tem what their rate will be with the new take out co???