Aneka Info

The Florida home is insurance crisis to life and walks as well as Florida House and apartment owners, insurance companies continue to leave to search the State and/or large rate. The companies and State regulators to the equivalent agree that House and homeowners should be numbers to insure for losses against major Florida hurricanes.

Began in the early 1990s as a result, special reviews on any Florida impose Florida homeowners insurance issued and created insurance company of last resort, perform a State, the citizens property insurance corporation is called to ensure that everyone in Florida receive insurance cover for their home home.

Florida also the Florida Hurricane catastrophe created Fund, all licensed Florida House and homeowners insurance companies reinsurance purchase, after the loss of a major hurricane reach a certain level requires. This Fund is insurance for Florida insurance companies and helps to ensure that they don't all cost to include a large Hurricane event.

Last but not least, Florida has: he is called the Florida insurance guarantee Association (FIGA), the steps in your claim up to a certain extent numbers, if your Florida home runs insurance of money and is zahlungsunfähiger declared.

The special review line items on your Florida home insurance bill you can line item many years into the future fees for cause. You can to the difference, if citizens property insurance corporation and the Florida Hurricane catastrophe fund does not have the money to their obligations must meet. Or you could be assessed for the difference, if FIGA have not the money to pay off claims against a Florida House and apartment owners insurance company, which was submitted become insolvent.

So far, at a high level, each of these different entities and protection that they offer make sense. And if they work properly help them continue to diversify Florida's Hurricane risk and help for Florida home insurance still attractive to make business in the State.

However, the Florida passed insurance legislation in 2007 and 2008 have changed and politicized the objectives of each work these entities to a point where she no longer as originally intended. Why? Since Florida unwilling legislators, voters tell the truth - that these entities are now seriously should do under-funded and not positioned they are what to do. Worse still, many Florida consumers don't know that for someone else Florida home insurance numbers.

Currently, the Florida Hurricane catastrophe fund and citizens insurance Florida have not enough money and excessively hang an unfriendly bond market to meet their responsibilities. Both organizations have to borrow before Florida hurricanes with limited success to happen come with the money they need - and they come shortly in the bond markets such as the country nor to work by the financial crisis.

Citizens property insurance corporation is the organization that causes most of us that, to subsidize Florida insurance costs by someone else. Every one of US must pay annual special reviews for many years into the future of the cash deficits in the area cover, the citizens property insurance because one had the storms of 2004 / 2005. Cash deficits are just another way to say that those citizens for the 2004/2005 storms, insured enough not just premium for this coverage were indicted. Many of these homes are older homes located in areas of Florida that are most vulnerable to hurricanes. After the hurricanes in the 2004 / 2005 Florida legislators, freezing the home decided Florida insurance rates charge by citizens - one politically popular decision, also in everyone in Florida subsidising the homeowner insurance rates, others who are most at risk have led cyclones areas of life in the.

Last but not least because the prices of the citizens were fixed in the past few years, even if consumers Florida home insurance in the private market, find them still the choice of the citizens and is insured undercharged for their insurance.

This subsidized insurance policyholders received many citizens, comes at a price. It is financed mainly through special assessments, that all of us on our Florida homeowners insurance invoices every year numbers are required. These reviews have become so expensive that insurance not enough are Florida home to pay the total cost. That is, why see many of them on your Florida car and business insurance invoices as well as.

If you are fed with the Florida House and apartment owners pay insurance premiums by someone else, now is the time, have legislation during the current session of the Florida hearing. Tell legislators, which you have chosen and on Tallahassee, that you want to, that the Florida home insurance for citizens property insurance corporation raised, reflect the actual cost of the houses, they are.