As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
Recently, Demotech, a rating agency which rates 40 Florida-based insurance companies, announced that it plans to downgrade 17 Florida-based property insurance companies from an “A” rating to ratings of either “S” for substantial or “M” for moderate, according to the South Florida Sun Sentinel. A rating decrease will raise costs for these insurers which will […]