Where are the savings we were promised?
Insurance upgrades tough to identify – The state touted sweeping industry change, but for many, it all looks the same. – St. Petersburg Times May 27, 2007
Tom Zucco is one of the reporters in the media smart enough to figure out that the 2007 Emergency Legislation has accomplished little for Florida Homeowners.
Florida homeowner insurance rates are as high as they’ve ever been, companies continue to drop policies, and the mitigation discounts to make our homes more hurricane proof are producing meaningless discounts. Its time for all Floridians to get involved with the crisis and let your legislators know how you feel!
The mitigation discounts have been a significant source of frustration for me. I paid an inspector $150.00 to inspect my home and he produced an inspection report which identified the features on my house that qualified for discounts. The problem I have with the system is that each insurance company makes the inspector fill out the inspection results on their own form. They won’t accept a standard form or the form from another insurance company, even if the information on it is exactly the same.
The state should be mandating that all insurance companies have to accept the same form.
Because there are multiple mitigation discount forms in use, it took me almost 5 months to get my discount. Just another way insurance companies use the float, and drag out the use of our cash.
But back to the crisis.
Even if your company does not bring their rates down to where they should be, if you take a little time to find out “what insurance companies don’t want you to know”, you can still save thousands on your Florida homeowners insurance.
If you are still with Allstate Floridian Indemnity Insurance Company, Nationwide Insurance Company of Florida, and State Farm Florida Insurance Company and getting punished by their higher rates, find out why there are other Florida home insurance companies available to you that can save you thousands!
If the savings you were expecting are not materializing, learn more about the Home Insurance Buyers Guide and put your Florida home insurance policy out to bid!