According to Florida Today, Gov. Charlie Crist is quietly considering hedging Florida’s gigantic hurricane bet, and with it raising the odds homeowners will get socked with a bailout bill. A draft report shows state financial advisers are considering spending $670 million to buy $6 billion in protection for the Florida Hurricane Catastrophe Fund. The state fund sells discount storm coverage to insurance companies and in turn is backed by Florida consumers who would pay for any deficits caused by storm losses. The losses are paid with special charges on insurance premiums.
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Our firm represents residential, commercial, and government policyholders seeking timely, fair, and proper compensation from their insurance carrier. We also support efforts of ethical and service-minded public adjusters and restoration contractors who play an important role in catastrophe recovery. In addition, we proudly serve as a reputable firm for referring attorneys and others to entrust their clients with should they be approached with an insurance claim case or question. Don’t fight insurance companies on your own. Contact us today!