Florida home insurance
Posted date : May 10, 2023.
We have owned a Park model trailer in central Florida for the past 12 years. We have carried homeowners’ insurance from the same company for the entire time and have never made a claim. This year, we received a letter from the insurance company stating that they will not renew the policy as they are “reducing their hurricane exposure.” I was wondering if the CSA has any advice on how to handle this situation, or affiliation with any insurance companies that would insure Canadian-owned assets in Florida. Thank you for your time and the work you do on behalf of Canadian snowbirds.
Signed: “I wish I could limit my exposure to shady insurance companies.”
Owen Sound, ON
Ed.: This is a difficult situation affecting many snowbirds in Florida, and elsewhere for that matter. Insurance losses suffered last year, and in many prior years, have forced several insurance companies out of the market. Hurricanes, floods and raging fires seem to be a normal occurrence now. It appears that Citizens Property Insurance Corporation may be the “only” choice available in Florida. Dealing with a local broker is really your only option in any Southern state – try several.