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Originally Posted by KEVIN & JOSIE
I read about several Villagers having their sinkhole coverage dropped at renewal. I talked today to an agent in Leesburg by phone, and she advised that it doesn't look like companies will be offering this coverage in the future. She advised it was a Florida State problem, not a local one. She did have one company as of today that would write coverage, but she also advised that they may terminate the coverage at any time. Unfortunately, this would be a must have for me. Has anyone else experienced cancelled coverage? Does anyone have coverage that looks like they will have for a long time...just renewed it with no problem? I've never had this kind of problem with obtaining insurance. Been with Nationwide for 30 years, would make the call when I moved, and had insurance. Thanks
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When the going gets rough, the insurance companies get going. All insurance companies have pulled out of the coastal counties. Friends of mine that live in Pinellas County that had insurance with Nationwide for 35-40 all got dropped about five years ago. This is why the state run Citizens Insurance is the largest insurance company in Florida. There is no other insurance available in many counties.