Thursday, January 25, 2007

Florida Insurance issues

Just recently the Florida legislature met to change the Insurance Industry as far as making it better for our residents. These are some of the items they are looking at changing.

Some of the the bill provisions:
Homeowners can exclude windstorm coverage from their policies with the approval of their mortgage holder. And they can reject coverage for the contents of their homes.

• Insurers cannot deny coverage based solely on the age of a home; it would require consideration of wind resistance.
Insurers who offer auto insurance in Florida and homeowners insurance elsewhere also must provide homeowners’ coverage in Florida.
Hospitals and community associations could pool and self-insure.

No comments: