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Florida insurance companys are not riting policies fpr wind damage banks wont give a house loan without it so |
Florida insurance companys are not riting policies fpr wind damage banks wont give a house loan without it so You can get your wind coverage through Citizens - the state pool. It's NOT CHEAP - but when you're the only guy out there writing the coverage, you can pretty much name your price. http://www.citizensfla.com/ They've filed for a 55.8% rate increase on wind-only policies. Yep, that's not a typo - almost 60% increase - and they'll probably get it. You seriously might want to rethink the whole "buy real estate in florida" bit. Get quotes for the homeowners, wind, and flood, and remember that rates can only go up, then think about relocation. Source(s): agent, 21+ years Try CHUBB insurance co. or Loyds of London. Have you asked the bank that has the mortgage for suggestions? You might also try calling the office of the Insurance Commissioner for the state of Florida. You will probably have to get insurance through the Florida state pool, for Insurance of last resort. This means you will likely pay through the nose for the insurance, but you will be able to get it at least. |
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