you could join the ranks of those who have been cancelled in the coming year. Finally 家长追逐高端教育 深圳乘客机舱中暑

you could join the ranks of those who have been cancelled in the coming year. Finally 家长追逐高端教育 深圳乘客机舱中暑

Finance Standby for more possible bad news in the coming year – the cancellation of your Florida homeowners insurance policy. 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. Another major national insurance company announced plans late in 2009 to non-renew an additional 60,000 policies as it continues to shrink its presence in the Florida home insurance market. Perhaps these cancellations will be more easily absorbed because the company arranged for a regional Florida home insurance company to pick up those policies. However, there is no guarantee that the policyholders who lose their coverage will be able to find a replacement. It will be especially difficult for homeowners in Florida’s southern coastal counties such as Dade, Broward, and Palm Beach to find alternative coverage. It will also be difficult for those with older Florida homes and those built with wood frame construction to find replacement coverage. Finally, local Florida home insurance companies continue to examine the risks they currently have on their books and to do selective policy cancellations. A portion of this is due to their reinsurance agreements which limit how much risk they can assume in certain zip codes. Sometimes they decide on their own to pare back their exposure in Southern Florida coastal counties. Finally, some of the newer Florida take out insurance companies eventually reject policies that they’ve previously taken out of the state run insurance company after discovering risks that they don’t want to be exposed to. This could be a poorly constructed home or a home that hasn’t been property updated or that has not been maintained in good condition. If cancellations in the coming year aren’t enough to be worried about, here is another development that could cause even more policies to be dropped. Many Florida home insurance companies are moving forward with an aggressive plan to re-inspect homes that they presently cover. Some of those homes might not be in good condition and may not be hardened enough to adequately protect the home from hurricane damage. If your home is re-inspected by your present insurance company and they find a significant difference between the condition of your home and what their records show, you could join the ranks of those who have been cancelled in the coming year. Finally, if your Florida home insurance policy is cancelled during the coming year, it is important to pay attention to the quality of the new companies you are considering. Three companies failed during the past year and had to be taken over by the State of Florida. In addition, over half of the remaining companies still open for business lost money in the last twelve months. If you lose your Florida home insurance policy this year, now is not the time to pick a new company solely on price. It is essential that you shop around. Pick the wrong company and you could be on your own after the next Florida hurricane. As the year unfolds, pay close attention to the news and to your mail box. This could be the year that you have to come face to face with the reality of having your Florida home insurance cancelled. About the Author: 相关的主题文章: