I am glad that this will get defeated because forcing a person to go from Citizens to a surplus lines carrier just isn’t right.
However there is some irony here. The reason it isn’t right is because surplus lines carriers are not regulated by the state, so they can raise prices and cut coverages anyway they please. Sort of what Citizens is doing….
The only thing I don’t like about the Surplus Lines policies is a “wind” deductible vs. a named hurricane deductible. Other than that, an HO3 is an HO3, is an HO3. They all basically cover the same things, so what is the big deal if they want to participate in take-outs??? Because they’re not regulated by the state? PLEASE! At least the Surplus Lines carriers are A.M Best rated A- or better so we know they have the money to pay for claims, unlike these other carriers participating in take-outs who don’t have shit as far as money goes to pay catastrophic claims.
Florida property is insured with American Integrity.
Unoccupied, furnished, waiting for a rental. Premiums $1,800 yr.
Charges included are for “detached structures” and “fair rental”.
10% premium charged for each based on property value of $136,000.
There is no det.structure and it’s vacant so moving to a rental
if property unlivable doesn’t apply. Charge $272. a yr. This company would not remove these charges. State Insurance Comm. says
“they know”. State reps. letting these companies get away with it.
INTEGRITY? HA! Scam artists taking advantage of Florida residents!
I am glad that this will get defeated because forcing a person to go from Citizens to a surplus lines carrier just isn’t right.
However there is some irony here. The reason it isn’t right is because surplus lines carriers are not regulated by the state, so they can raise prices and cut coverages anyway they please. Sort of what Citizens is doing….
The only thing I don’t like about the Surplus Lines policies is a “wind” deductible vs. a named hurricane deductible. Other than that, an HO3 is an HO3, is an HO3. They all basically cover the same things, so what is the big deal if they want to participate in take-outs??? Because they’re not regulated by the state? PLEASE! At least the Surplus Lines carriers are A.M Best rated A- or better so we know they have the money to pay for claims, unlike these other carriers participating in take-outs who don’t have shit as far as money goes to pay catastrophic claims.
Florida property is insured with American Integrity.
Unoccupied, furnished, waiting for a rental. Premiums $1,800 yr.
Charges included are for “detached structures” and “fair rental”.
10% premium charged for each based on property value of $136,000.
There is no det.structure and it’s vacant so moving to a rental
if property unlivable doesn’t apply. Charge $272. a yr. This company would not remove these charges. State Insurance Comm. says
“they know”. State reps. letting these companies get away with it.
INTEGRITY? HA! Scam artists taking advantage of Florida residents!
State reps need to take charge of insurance rates.
State reps need to take charge of rates!