Sarasota Insurance Issues Addressed

A major insurance carrier recently announced it will no longer be providing coverage in Florida. This announcement, along with other troubling economic factors, have caused many people to worry about the ability to obtain insurance coverage at a decent rate if they purchase a Sarasota home.

My experience, even over the last months, has been that my customers are getting insurance without difficulty, and at prices they can afford. So as this question reared its head again this morning, I asked a "guest blogger" - Phil Visali from www.WeInsureFl.com - about the current insurance situation. For your benefit, here is his full response.

I understand people’s fear of not having the ability of securing property insurance in the state of Florida or paying outrageous insurance premiums. This fear is even more prevalent now that State Farm, the country’s largest insurance company has announced its plans to stop writing any property insurance in our state. Let me first say, relax and know that there are many A-rated carriers in our state that are able and willing to accept the insurance risk. They may not be well known names to your out-of-state clients but rest assured that they all have met the state of Florida’s requirement to become “Admitted Carriers.” This is important because all “Admitted Carriers” are covered by the State of Florida catastrophe fund, which provides protection for the homeowner in the event the insurance carrier becomes insolvent. This alone should give relief to your clients knowing that the state of Florida will back any “Admitted Carrier” in the event of a catastrophe.
Our agency represents all the major carriers and has the specific knowledge and expertise to recommend the right package to your clients.


If you have questions about your current insurance, or are hoping to obtain insurance in the near future, you can rest assured. To reach Phil or learn more, feel free to visit www.WeInsureFL.com or call toll-free at (866) 419-6140.

(for legal purposes, I must point out that True Real Estate is not affiliated with www.WeInsureFl.com and are not responsible for their actions. Neither are we certifying their products...simply offering an alternative. Whew! Glad thats out of the way)