What homeowners can do about the high cost of the Florida homeowners insurance
The Florida homeowners insurance crisis has continued into 2008.
An industry that continues to enjoy record profits while continuing to push for outrageous rate increases…..
As discussed in this article, Property & Casualty insurers made a record $64 million in profits in 2006 and another record breaking year is underway in 2007.
Although you may not think you have much clout as a Florida homeowner, there is a lot you can do.
Private Florida homeowners insurance is scarce and hard to find, but it is out there. And it has never been more important for you to have it. Learn more about why private Florida homeowners insurance is so important.
While there is not an unlimited supply of private Florida homeowners insurance, you can find it if if you know where to look.
Use the Home Insurance Buyers Guide to find out the names of Florida homeowner insurance companies still writing new business in your county.
When you purchase the Home Insurance Buyers Guide, you will see how many companies are still writing new Florida home insurance business in your county. The Buyers Guide has on average, 19 companies writing new business in each county – some counties have a lot more, some have less.
Get involved during the Florida homeowners insurance crisis and let your legislators know how you feel about the poor availability of private homeowners insurance in your county. Tell them you want more choices for homeowners and to encourage the growth of the private market – 19 Florida homeowner insurance companies on average is not exactly an environment of consumer choice!
When you subscribe to the Home Insurance Buyers Guide, you get the opportunity to rate your satisfaction with your present Florida homeowner insurance company on a scale from 1-10 where 10 is delighted and 1 is highly dissatisfied.
Being able to rate your overall satisfaction is very important because Florida homeowner insurance consumers need a way to distinguish between those companies with fast and fair claim service from those who do a terrible job supporting their customer base.
When you rate your satisfaction with your Florida homeowners insurance company in the Home Insurance Buyers Guide, you are contributing to a database that will soon be available for all Florida homeowners – a rating system that goes far beyond what is available today. Once there is a reasonable sample of those insurance company satisfaction ratings, we will make them available to our subscriber base on a semi-annual basis – ratings that will help you figure out exactly which Florida homeowner insurance company you should give your business to.
Another step that you should take as a Florida homeowner during this crisis is to take your Florida car insurance business away from insurance companies that won’t cover your home. Why should you continue giving your car insurance business to a company that is continuing to cut back on Florida homeowner insurance offerings while enjoying huge profits from the auto insurance business?
There is nothing wrong with Florida homeowner insurance industry profits when they are accompanied by fast and fair claim service along with a long-term commitment to the Florida homeowners insurance market.
Hold this industry accountable by being an informed consumer and an aggressive shopper of Florida homeowners insurance.
The Home Insurance Buyers Guide can help you do this!