may want to hold off a minute
tommyJust yesterday the State of Florida announced the website to help with shopping for homeowners’ insurance. Not so fast, say some folks:
several insurers listed as writing cheaper policies in the Tampa Bay area are actually dropping policies or dramatically restricting their policy writing.
For example, the Web site ranks United Services Automobile Association Group, Florida’s fourth-largest property insurer, as the cheapest in Hillsborough and Pasco counties. But that company insures only veterans and active-duty military and is dropping about 27, 000 policies on second homes.
State Farm Florida, the state’s largest private insurer, also contends the data is misleading.
In Monroe County, for instance, State Farm is listed under the heading “companies reporting recent new business.” But State Farm has not written new business in Monroe since 1993, said State Farm spokesman Chris Neal.
According to the state website, State Farm seems to be the most expensive insurer in many counties. The insurer didn’t mention anything about that in today’s newspapers.
Tags: economy, Florida, government, service, state
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