[Carla B]

TV 2016:

I have no experience with claims with Universal Property & Casualty as of yet, but they are the only one we found that would insure owners of rental condos in South FL east of I-95. To me that is not a very good recommendation. They must have thousands of properties E of 95 on their rolls and a hurricane with large property losses could wipe them out.

That is what happened to Southern Family Insurance/Poe Companies a few years ago. The state had to step in and pay the claims. (Of course, the Poe family also diverted premiums to their personal accounts and declared them to be dividends But even if they hadn't raided premiums they still wouldn't have been able to cover all the losses.) Our condo association was one of the claimants following Hurricane Wilma when Southern Family/Poe went insolvent and it took some time to get a negotiated settlement with the state. The good thing is that Florida backs up these companies, the bad thing is we all pay for it in surcharges and higher premiums.

Did Universal quote a premium and did it seem out of line with quotes of companies who would write insurance, except for sinkhole?