Home Insurance Daily Blog

Alarming news from the Home Insurance sector is news that in areas such as Florida, insurance companies will not be renewing policies once they expire this year. The state of Florida has suffered a lot of damage from hurricanes in the past years and insurance firms are saying that the costs they paid out during the last season was too much for them to handle. The sad story of a couple who filed for a claim to repair their house was saddened when they received a letter from the insurance company saying that the firm was not going to renew their policy when it expires this year. The couple have been loyal to the firm and through their 24 year history, they have only filed once for the damages their home got in the 2004 hurricane season. The company simply said that the area has become too risky and costly for them and that they are saddened by the matter and that they are not the only ones not being renewed. No exact figures as to the total numbers of clients insurance firms in Florida are leaving behind to cut losses from the high-risk area.

Tags: Florida Home Insurance News, Hurricane Damage