State Farm Florida – Closed to New Hillsborough County Homeowners Insurance Business!
State Farm Florida Insurance Company just sent a clear message to Hillsborough County residents- “We will not write you a new Florida homeowners insurance policy, but we want to keep your auto policy and all your other Florida insurance business.” How? By placing you into Citizens Property Insurance Corporation with over 1,000,000 other Florida homeowner insurance policy holders.
Tom Zucco of the St. Petersburg Times reported on February 23, 2008 in an article entitled “State Farm to Florida homeowners: No thanks – The insurer won’t issue new homeowner policies in this state”
The article mentions State Farm’s decision not to continue writing new Florida homeowner insurance policies statewide and that new customers will be turned away. State Farm said their decision was due in part to last year’s legislation which forced property insurance companies to lower their premiums. The article points out that State Farm Florida’s moratorium on all new Florida home insurance business will put more financial strain and pressure on Citizens Property Insurance Corporation and Florida’s hurricane catastrophe fund.
While Hillsborough County had been essentially closed to new State Farm Florida homeowners insurance business for several years, the move is not good news for homeowners who want consumer choice when it is time to purchase Florida home insurance.
Hillsborough County is presently participating in an estimated 50,000 State Farm Florida home insurance cancellations across the State of Florida.
We estimate that the Florida home insurance cancellations by State Farm Florida are only part of over 6,000 Florida home insurance policies that will be cancelled in Hillsborough County by many companies during 2008, and are part of an additional 150,000 Florida home insurance policies that will be cancelled statewide during the year.
With only 36 Florida homeowner insurance companies writing new business statewide at the present time and a lot fewer writing new business in Hillsborough County this is not good news. Hillsborough County has always been a difficult county to find private Florida homeowners insurance in, and State Farm cutting back is only going to make the situation worse.
If you want to stay in control of your Florida homeowner insurance costs in Tampa, Apollo Beach, Brandon, Lutz, Plant City, Ruskin, Seffner, Sulphur Springs, Sweetwater, Thonotosassa or anywhere else in Hillsborough County you have to take action to find other Florida home insurance companies that will still write new business in your area. Finding out who those companies are and getting them to compete for your business is the best way for you to save thousands on your Florida home insurance.
Here’s what you should do if you receive a Florida homeowner insurance cancellation notice from State Farm Florida or if you need other insurance options and you live in , or anywhere else in Hillsborough County:
Visit The Home Insurance Buyers Guide at www.homeinsurancebuyers.org – an organization dedicated to helping homeowners find affordable, private Florida homeowners insurance.
The Home Insurance Buyers Guide helps you find, screen, and contact Florida homeowners insurance companies still writing new business in your area – Private companies that will keep you out of Citizens Property Insurance Corporation and offer you huge savings.
As of this writing, The Home Insurance Buyers Guide has 19 Florida homeowners insurance companies that are still writing new business in Hillsborough County. You only need to find one Florida home insurance company that you weren’t aware of to save thousands!
You should expect your State Farm Florida agent to try to talk you into moving your Florida homeowners insurance policy into Citizens Property Insurance Corporation. Why? Because your Florida homeowner insurance agent wants to keep your State Farm Florida auto insurance business and doesn’t want you to know about the 19 other insurance companies that might be interested in covering your home. Your State Farm Florida Insurance Agent might also be concerned that when you make contact with other independent insurance agents that you might move your auto business to them as well. If you want to get the lowest cost on your Florida homeowners insurance, using your existing agent is not enough.
The Home Insurance Buyers Guide will help you to create competition for your Florida homeowners insurance business and help you put your policy out to bid – giving you the lowest possible cost so that your interests and not those of your agent come first.
You will also learn more about why it is essential for you to have private Florida home insurance after the next hurricane.
Purchasing the Buyers Guide will give you access to 19 companies that have the potential to replace the Florida homeowners insurance policy you had with State Farm Florida.
Using the Home Insurance Buyers Guide will also put you in contact with an independent Florida homeowner insurance agent who can quote you an auto policy to replace the one you had with State Farm Florida – and at a cost that will be less than the auto insurance discount you thought that you were supposed to be getting from State Farm Florida on your auto all of these years.
There is an excellent chance that you can save thousands over what you had been paying State Farm Florida for the combined Florida homeowners insurance and Florida auto insurance policies.
Finally, The Home Insurance Buyers Guide gives you a way to get involved with the Florida homeowners insurance crisis and to let you legislators know how you feel about the poor availability of private homeowners insurance in Florida and in particular in Hillsborough County.
Use The Home Insurance Buyers Guide today and find other companies besides State Farm Florida who will still welcome new business from Hillsborough County,Florida homeowners. At the same time you will make contact with Florida auto insurance agents who would love the opportunity to present you with lower cost options to State Farm Florida auto insurance. Here is your chance to let State Farm know that you received their message loud and clear in Hillsborough County!