News {keeping you informed}

02/28/2008 - Protect Your Home from Flood by Purchasing Flood Coverage

It has been another hard hurricane season for the entire Southeastern United States. The recent Katrina disaster is a testament to the awesome power of Mother Nature. Sadly, it has come to light that some of the victims who had property and homes destroyed in the Gulf Coast and New Orleans will not have some of the losses covered because they did not have flood insurance in conjunction with their home insurance policies.

Home and property owners in Florida need to learn from this lesson. A flood can strike without warning, washing away or ruining the treasured items you have in your home, apartment, condo unit or townhouse. The structure can also be damaged extensively. Consider the following:

• 25% of all U.S. flood insurance claims come from outside high-risk zones resulting in millions of dollars in losses to individuals.
• Most renters and condo policies (even master association policies paid for in monthly association fees and assessments) exclude damage to your apartment or condo unit.
• Unless the flood policy is put into effect as a result of a real estate closing, generally, there is 30-day waiting period from the time the agent receives the premium and completes the application until the policy goes into effect.

Even if you are not in a “high risk A” zone, you can purchase flood insurance to protect your property and contents. We encourage everyone to please consider purchasing flood insurance and we would be happy to obtain a quote for you.

Thanks,

The Team at Florida Insurance Specialists

02/29/2008 - Have you checked Auto Insurance
rates lately?"

Are you getting the lowest rate on your auto insurance? Let us compare our rates with your current policy. We represent several A + rated companies and do the shopping around for you. We have saved thousands of Floridians up to 40% on their premiums. You have nothing to lose and a lot of savings to gain! We offer significant discounts for having both home and auto insurance policies with us!

02/29/2008 - Options for Homeowners to get more
Scarce Very Shortly"

• State Farm stops writing policies in Florida. They will also drop 50,000 home policies issued to coastal residents. This will place greater pressure on the state-run insurance provider, Citizens Property Insurance. Citizens is a last resort choice for property insurance in the State.
• Allstate has dropped over 400,000 policies in the past four years.
• Liberty Mutual and Nationwide have also been withdrawing from Florida.