Two more property insurance companies scaling back coverage in Florida

📆 15/06/2023 16:47:00
📰 WOKVNews

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Over the past 18 months in Florida, 16 property insurance companies have decided to stop writing new business to new homeowners in one form or the other.

WOKV Consumer Warrior Clark Howard says insurers are pulling out of Florida and California because the risks have become incalculable.“Florida and California will need to offer state-backed reinsurance so that insurers can issue actuarially sound policies.”, Clark said.

Clark suggests shopping for insurance through an independent agent and then get quotes for a high deductible, the highest your mortgage company will allow you take. “You’re eliminating for the insurer what they refer to as nuisance claims. So you become a less risky, less costly person for them to insure.”, Clark said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

2 more property insurance companies scaling back in Florida just 2 weeks into hurricane seasonTwo weeks into hurricane season, and two property insurance companies in Florida are scaling back policy coverage, citing their vulnerability to natural disasters like hurricanes and flood.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »