Farmers Insurance pulling out of Florida
 

This ain't good......
Farmers Insurance pulls out of Florida, affecting 100,000 homeowners

Wow! This isn't just home insurance. They are no longer writing new policies or renewals for homeowner, auto and umbrella policies.

The good news is that their “We Are Farmers” insurance commercials should disappear.

AGREE, but we will still see national commercials

With only 100K policy holders, seems like a pretty easy decision, especially if they are located in coastal areas.

House insurance is overrated if you don't live on the coast. lol.

According to Florida state law the insurance carrier MUST notify the home owner within 120 days that your coverage will cease. My Farmers policy ends in early September and I've NOT received any notice. I'm hopefully thinking that coverage will cease in the more prone areas of hurricane damage.

I wouldn’t wait for the cancellation notice. Suggestion is to start looking now. Many insurers are limiting policies written.

'Farmers informed the state that it is discontinuing new coverage of auto, home and umbrella policies. The company said in a statement that the decision affects policies issued through its “exclusive agency distribution channel.” It said there will be no effect on 70% of current policies in Florida."


Farmers informed the state that it is discontinuing new coverage of auto, home and umbrella policies. The company said in a statement that the decision affects policies issued through its “exclusive agency distribution channel.” It said there will be no effect on 70% of current policies in Florida.[/QUOTE]

[/QUOTE]
Thank You for your research.

Soooo their not pulling out like the posted title states, just not writing new policy's
Big Difference.

Every insurance company for decades, has stopped writing new policies in certain states. Nothing new, this month it’s farmers

We switched to Farmers last December and got a good rate for homeowners, so hopefully they'll cover us again next year

Since when do insurance companies care about the law?

Last year, the legislature passed a law that said they couldn't drop somebody with a 15-year-old roof that's been inspected and has 5 years or roof life left. That was the same year that "American Integrity" added a rider that excluded my 15-year-old, recently inspected roof, except in the case of a named storm, and then hiked my rate 20%.

Nobody did anything when I complained to what passes for an insurance commission in Florida, so this year they extended the rider to completely exclude my roof under all circumstances, and hiked my rate 80%.

Slightly off topic, but I may need to shop for homeowners insurance. (No, I’m not a Farmers customer.)

Any advice on a good agent to get home insurance for a Villages house is much appreciated.