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Saturday, February 14th, 2009
Tags: Citizens property Insurance, Florida homeowners insurance, Homeowners in Florida, state farm
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The Florida department of financial services, (The state Office of Insurance Regulation) told Floridians  today that they are conditionally approving the request to let State Farm insurance carrier leave the state. They were told with specific purpose that the company may withdraw under some of the following conditions:
1. State Farm must allow its agents and agencies to sell homeowners policies from other carriers
2. State Farm may not place any of its policies the states high risk pool Citizens property Insurance Corp., the overburdened state-run carrier of last resort. (Which is overflowing with issues today)
What do you think about State Farm. Are you a current policy holder with them? We want feedback from Floridians and their current situations. (Read More)