Being an insured with Citizens Property Insurance Corporation isn’t easy. You are dealing with a large, overburdened company, who frankly, would probably prefer you be insured with someone else. Otherwise, where would they get their famous moniker, the “insurance company of last resort?” In the most recent bout of uglies from Citizens, we find a new report [...]
Jul
20
2010
20
2010
May
26
2010
26
2010
Citizens Insurance Sinkhole Investigations
However, having recently reviewed several Citizens’ reports, I can report that many of them do not include many of these. For example, all engineering investigations should include a floor elevation survey, and this is specifically included in the Citizens engineering scope. But, many of the engineering reports produced by Citizens skip this part, and I think this is an error (and from the scope they prepared, it appears they would agree).
Apr
19
2010
19
2010
Property Insurance Cancelled vs. Non-Renewal – Part 1
During the past 3 years, several large, multistate insurance companies have left Florida entirely, or have reduced their total number of insureds. In so doing, they have both cancelled and non-renewed hundreds of thousands of homes. A non-renewal is a decision by the insurance company to no longer insure your home, and occurs at the end of the insurance policy.
Mar
10
2010
10
2010
Property Insurance Buying Guidelines
When purchasing property insurance, you should make sure to insure the home for an amount that would permit you to reconstruct the home, if necessary.
Mar
9
2010
9
2010
How To Protect Against a “Material Misrepresentation” Defense
Insurance companies may try to avoid paying a sinkhole claim by claiming you misrepresented the underlying facts. Know how to defend yourself.
Mar
8
2010
8
2010
Renewal Alert for Homeowners in Pinellas and Hernando County
Homeowners in Pinellas and Hernando counties will automatically lose your sinkhole coverage, unless you request that it be included into your policy.
Jan
19
2010
19
2010
Florida Legislators Reintroduce 2010 Consumer Choice Act
Although State Farm is staying in Florida, its insureds will be looking at probable rate increases.
Sep
30
2009
30
2009
Citizens Insurance Not Good Choice for Sinkhole Coverage
What is Citizens Property Insurance Corporation, and how are they different from other insurance companies? Citizens Property Insurance Corporation (“Citizens”) is a “state” sponsored insurance company, rather than an insurance company formed by private investors. The State of Florida created Citizens because there were locations throughout the State, especially in coastal environments, where the risk [...]
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