Shopping for Property Insurance?
Shopping for Property Insurance? The following information will help you in your decision making:
The Florida Market Assistance Program matches customers who can't find property insurance with licensed agents and insurers. Information is available at www.fmap.org.
Find which insurers have the most policies in your county, their contact information and a comparison of their rates for 2 particular types of homes at the state's website, www.shopandcomparerates.com.
Enlist the help of one or more independent insurance agents, an agent that sells policies for multiple companies. You can find one by searching the Florida Association of Insurance Agents website, www.faia.com/Custom/Agentlocator.aspx.
Ask your agent to check the ratings done by rating agencies for insurers you are considering. Rating agencies typically evaluate the financial health of an insurer by examining how much cash it has compared to its potential risk, among other things.
Review licensing and financial information for insurers on Florida Office of Insurance Regulation's website, www.floir.com, the Florida Department of Financial Service's site, www.fldfs.com and the National Association of Insurance Commissioners, www.naic.org.