What in the world is going on with Homeowners insurance in Florida?
It's a mess. Carriers are going out of business and the remaining companies are doing their best to remain profitable and solvent in a very difficult environment. To the consumer, this situation means higher rates and less availability of carriers willing to insure homes in our area. This is what is referred to as a "hard market" in the insurance world and they are never fun for any of the parties that are involved. Customers are facing high prices and agents are having to re-write policies in order to keep their clients protected in a climate when there isn't a great option for either coverage or price. This dynamic leads to many unhappy folks. Meanwhile the remaining carriers that are insuring in the area are making their guidelines more restrictive and scrutinizing new customers even more closely than normal.
So what's a homeowner to do? The best advice I can offer is to stick with reputable Independent Insurance Agencies that are members if the IIABA and are Trusted Choice agencies. Typically these folks have multiple companies that they represent and take pride enough in their career to be members of their trade association. If you are here in SW Florida we are happy to assist anyone who has a need. Sometimes there are rare instances where we don't have a carrier that will suit your needs, but that is very rare indeed. Florida Property insurance is a very complex world of twists and turns that most folks need a competent guide to assist them through. Here at Heritage Insurance Agency LLC we strive to treat each client as though they are a friend or family member, doing our best to assist you with your insurance needs. Please visit us at www.heritagenaples.com or call us at 239-594-0002.
Until Next Time,