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Homeowners Insurance Crisis

The Long Awaited Update

It has been over four years without any storms and Florida insurance policy cancellations are continuing this year.  Florida’s largest private property insurance company is moving forward with an approved plan to cancel 125,000 policies on homes, condominiums, and mobile homes. While this is good news compared to the estimated 700,000 policies it was originally planning on non-renewing, this is still a significant number of Florida homeowners who are going to be scrambling to find new coverage.

Cancellations Uptick In Florida

Another large national company announced plans late last year to cancel another 60,000 policies as it continues to cut back its Read the rest of this entry »

Tags: allstate, flood insurance, homeowners coverage, hurricane, insurance, seth friedman