Homeowner policy cancelled?
 

Did anyone else receive a notice that their policy was being cancelled. American Integerty Insurance of Florida just sent me a notice of cancellation because "they have an over concentration of exposure in your area." My area is the Village of Summerhill and I've had this policy for 3 years. No new houses are being built in my neighborhood. What gives?

:evil6: The "big" insurance companies such as State Farm have long sense pulled out of Florida. Their analysis and underwriters determined that their "exposure" was too much of a liability. Look for more companies doing the same. Private enterprise at its best!

We just closed on our new home in the Village of Charlotte, and AAA (agent CarrieAnn..not sure on name spelling) was fantastic, and was lower cost than the insurance company recommended by the Villages sales and loan people. They (AAA) even beat The Hartford AARP rates for our cars, so we bundled home and cars with AAA.

Check with AAA (agent CarrieAnn, not sure on spelling of her name at the moment). We just closed on our new home in Charlotte...AAA beat the prices of the insurance agenciess recommended by the Villages sales and loan people, and they were even less than AARP The Hartford for our cars, so we now have both home and autos with AAA.

They will also hook you up with golf cart insurance.

Could you post a contact number? Thanks :wave:

Private enterprise acting responsibly to limit the exposure to excessive risks. Wish money center banks had also been more careful. MHO

Just got my renewal notice from Ark Royal. All coverages, including sink hole included, however rate up a little over $100. Letter cites change in Fl law and large hurricane losses last year.

Whatever you do, do not call Rutland Insurance. They are the most unethical and dishonest company I have ever dealt with.

Keriann Varney

Ph. 352-753-2500 ext. 2257
She was very good, even sent me an email reminder to cancel my old auto policy a few days before the new policy was to take effect so I didn't waste any money.

Tell her Jeff, (previously) from Arizona referred you. We closed 12/28

I agree with DougB - I got a dirty deal from Rutland.

Dirty deal in what way what happened

I am moving to Fl and my insurance company said they are not writing new policies due to the concentration of risk. I would believe them and start shopping.
I have been working with Diane Digristina at AAA and she seems to be very good.

Rutland cancelled our policy in TV after a few weeks due to a claim I had in another house in another county with another insurance agent. Weird! Why have insurance if you get punished for Using it!

Was it the exposure or the fact that Florida insurance regulators would not allow rate increases that would allow the big companies to make any profit here?

Call the Kevin McDonald Agencies. 347-9201 or 259-3825. Great people amd they do a wonderful job.

Were you due for a renewal, or was it a mid-term cancellation?

Yes, we received a notification of intent to cancel. Probably doing us a favor, as we know folks who've had bad experiences with them.

Just remember that cost of a home insurance policy is only one factor to consider before making a purchase............. having the ability to pay in a disaster situation is another. Just ask homeowners who were/stll are effected by SANDY who had homeowners insurance but have either NO or minimal payment in hand.

Due for a renewal after 3 years.

Thanks JB! :beer3:

How very strange. We just renewed this month with American Integrity with no problem.

Obviously a number of insurance companies reviewed the total Homeowner exposure in Florida and deceided that it had to be reduced. the governor gave insurance company flexibility. I am with a major insurer and my 2010-11 renewal they wanted $1,000 more so I increased my deductibles and lowered total amount of my coverage. Then for the 2011-12 they increased another $1,000 and then on my recent renewal they informed me if I wanted full sink hole coverage it would cost an additional $200.

Is it actuarially justified???????? However insurer's have the tendency to either get the increases they want or leave the state. And we have all witnessed the failures of state governments sponsoring insurance programs. Just ask new jersey or look at citizens...its well over exposed

We are with Geico for years and even here in Kissimmee, FL, they told me today they wont cover our new TV home

Allstate
 

We went with Allstate for everything but Homeowners. We used St John's Ins thru Allstate for HO. After the 1st year St John's cancelled the sink hole coverage. Just changed everything to AAA. Got sink hole coverage and saved about $400 for the year.:BigApplause: