Great news for Florida and State Farm? You decide.
Posted by Carlos German on
As many of you who are following the real estate market in Florida know, Florida State Farm Insurance has been hashing it out with the Florida Office of Insurance Regulation for a good part of 2009. What originally started the trouble between the two parties was a proposed 67.1 percent rate increase by State Farm, and an announcement shortly thereafter, stating that State Farm was going to stop insuring property in Florida.
That type of rate increase could make affording homeowners insurance impossible for many of Florida’s residence. But because State Farm insures such a large amount of Florida homeowners, the complete loss of State Farm could mean quite an upheaval. It’s simply not easy to find quality homeowners insurance like what State Farm…
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