In the last couple of weeks, Farmers Insurance announced it will no longer write or renew homeowner policies in Florida and AAA confirmed it is also limiting property insurance policies.
Over the past year, the high cost of severe weather damage has prompted more than a dozen insurers to either pull out of Florida or increase rates. That comes despite $3 billion spent by the legislature in the past year to stabilize the industry.
Despite that reality, Governor Ron DeSantis said, “ I think you’re going to start to see companies see an advantage. “I think what’s going to happen is because we did those
(insurance) reforms, it now is more economical for companies to come in. I think they’re going to wait through this hurricane season and then I think they’re going to be willing to deploy more capital to Florida. So knock on wood (that) we won’t have a big storm this summer.”
Hopefully the insurance relief the citizens of Florida are desperate for will not hinge on whether there is a big storm or not and that the governor has a plan B to protect the citizens regardless of what the hurricane season brings.
Consumer Law Office (CLO) – Resolving Property Damage Claims & Disputes!
If your property was damaged during severe weather event or if you have hail damage, roof damage, pipe burst, plumbing or water damage, mold, smoke-fire damage, lightning, theft, vandalism, or construction defects let the Property Damage Attorneys at CLO, help you receive the maximum property damage compensation you are entitled to under your insurance policy.
Contact CLO Today 305-940-0924 for a FREE Comprehensive Property Damage assessment and consultation. Visit https://consumerlawoffice.com/
Your insurance company hires experts to protect their interests; your representation should be no different.
We only get paid when you get paid by your insurance company.
Contact CLO Today! 305-940-0924
