Southern Fidelity Insurance canceling policies
Southern Fidelity Insurance canceling policies in Florida in 2021
Why is Southern Fidelity Insurance Company canceling homeowner policies in 2021
Southern Fidelity, which insures homes north of Orlando, is not renewing 19,600 homeowner policies over the next 14 months to avoid a “hazardous financial condition,” according to its filing. ... Owners of canceled homeowner's insurance policies should quickly shop other carriers, say, advocates.
Many insurance carriers are pulling out of Florida due to financial hits from the global pandemic. Southern Fidelity Insurance is only 1 of many Insurance carriers that will be issuing notices to homeowners of an insurance policy being canceled in the coming months of 2021.
What should the Florida homeowner do who receives a notice of cancellation do?
Remember this is not your fault it stems from many financial issues Covid 19 pandemic, fraud, roof claims so first relax and consult with a professional like Clara Valle from Valle Insurance Professionals with over 25 years of experience she will be able to help you with replacement insurance coverage. Call 407-379-7939 Today or get an instant quote online
Keep this in mind you only have 45 days to find alternative coverage or may be considered as having a lapse in coverage.
How can I get home insurance coverage in Florida that is affordable?
Currently as of 2020 thru 2021, as you notice in Florida homeowners Insurance is very expensive some homeowners are going from paying $1,700 to now $4,000 or more for home insurance coverage. Many homeowners are finding it very difficult to find affordable home insurance coverage.
Things you can do to help you find affordable homeowners insurance in Florida is getting a four-point inspection a four-point inspection. The cost of this inspection ranges from $75-$175 but can save you thousands.
Four-point Inspections
All Florida homeowner, dwelling, and mobile home properties that are more than 30 years old. A Florida-licensed inspector will check the home’s electrical system, plumbing, heating/cooling system (HVAC), and roof. The inspector must provide the age, type, and condition of the wiring, heating and plumbing systems, and roof. Any serious hazards or deficiencies (such as exposed wiring, active leaks, or evidence of leaks) should be repaired before an application for coverage is submitted.
Florida Homes that valued at or above $650,000 are High-valued homes
High-value homes a standard homeowners policy may not offer the necessary converge will require a high-value inspection to be done before obtaining affordable insurance coverage.
Another way to save on homeowners coverage in Florida is Wind Mitigation Inspection
In a hurricane or other severe storms, homes are battered by heavy wind. Wind-damage mitigation features protect against wind damage by helping your home withstand these forces. Documenting the presence of qualifying mitigation features on your home through a wind mitigation inspection may save you money by helping you qualify for mitigation discounts on your insurance policy.
Wind-Damage Mitigation Features
- Doors and windows that are designed to withstand wind pressure and projectiles
- Storm shutters or panels that protect your windows and other openings from wind, rain, and projectiles.
- Roofing materials and coverings that are rated to resist high winds and water intrusion.
- Attachments for walls and roofs that are specially designed to prevent the roof from being blown off by severe winds.
- Roof and building shapes that are more resistant to high winds.
When do you need a new wind mitigation inspection?
Typically in Florida owners who gotten wind mitigation is done to receive homeowners insurance discounts the term the inspection is valid is up to five years from the inspection date on the inspection form.
- If you made any improvements to your home may qualify you for additional discounts like adding a room or replacing a roof.
What do you do now?
Based on the Consent Order filed by the Florida Office of Insurance Regulation, your insurance carrier will give you a 45-days notice that they will be canceling your policy.
So you must find a replacement home insurance policy during that time period or a lapse in coverage maybe your next problem. Call 407-379-7939 Valle Insurance Professionals can help.
What happens to the money they have for my policy?
If your policy renewal period was still some months away you are entitled to a refund for coverage that you paid for but did not receive.
Need to find a replacement insurance policy?
Get an instant quote now or call 407-379-7939 Valle Insurance Professionals. southern fidelity insurance canceling policies florida insurance policies being canceled 2021
Southern Fidelity Insurance canceling policies
Southern Fidelity Insurance canceling policies in Florida in 2021
Why is Southern Fidelity Insurance Company canceling homeowner policies in 2021
Southern Fidelity, which insures homes north of Orlando, is not renewing 19,600 homeowner policies over the next 14 months to avoid a “hazardous financial condition,” according to its filing. ... Owners of canceled homeowner's insurance policies should quickly shop other carriers, say, advocates.
Many insurance carriers are pulling out of Florida due to financial hits from the global pandemic. Southern Fidelity Insurance is only 1 of many Insurance carriers that will be issuing notices to homeowners of an insurance policy being canceled in the coming months of 2021.
What should the Florida homeowner do who receives a notice of cancellation do?
Remember this is not your fault it stems from many financial issues Covid 19 pandemic, fraud, roof claims so first relax and consult with a professional like Clara Valle from Valle Insurance Professionals with over 25 years of experience she will be able to help you with replacement insurance coverage. Call 407-379-7939 Today or get an instant quote online
Keep this in mind you only have 45 days to find alternative coverage or may be considered as having a lapse in coverage.
How can I get home insurance coverage in Florida that is affordable?
Currently as of 2020 thru 2021, as you notice in Florida homeowners Insurance is very expensive some homeowners are going from paying $1,700 to now $4,000 or more for home insurance coverage. Many homeowners are finding it very difficult to find affordable home insurance coverage.
Things you can do to help you find affordable homeowners insurance in Florida is getting a four-point inspection a four-point inspection. The cost of this inspection ranges from $75-$175 but can save you thousands.
Four-point Inspections
All Florida homeowner, dwelling, and mobile home properties that are more than 30 years old. A Florida-licensed inspector will check the home’s electrical system, plumbing, heating/cooling system (HVAC), and roof. The inspector must provide the age, type, and condition of the wiring, heating and plumbing systems, and roof. Any serious hazards or deficiencies (such as exposed wiring, active leaks, or evidence of leaks) should be repaired before an application for coverage is submitted.
Florida Homes that valued at or above $650,000 are High-valued homes
High-value homes a standard homeowners policy may not offer the necessary converge will require a high-value inspection to be done before obtaining affordable insurance coverage.
Another way to save on homeowners coverage in Florida is Wind Mitigation Inspection
In a hurricane or other severe storms, homes are battered by heavy wind. Wind-damage mitigation features protect against wind damage by helping your home withstand these forces. Documenting the presence of qualifying mitigation features on your home through a wind mitigation inspection may save you money by helping you qualify for mitigation discounts on your insurance policy.
Wind-Damage Mitigation Features
- Doors and windows that are designed to withstand wind pressure and projectiles
- Storm shutters or panels that protect your windows and other openings from wind, rain, and projectiles.
- Roofing materials and coverings that are rated to resist high winds and water intrusion.
- Attachments for walls and roofs that are specially designed to prevent the roof from being blown off by severe winds.
- Roof and building shapes that are more resistant to high winds.
When do you need a new wind mitigation inspection?
Typically in Florida owners who gotten wind mitigation is done to receive homeowners insurance discounts the term the inspection is valid is up to five years from the inspection date on the inspection form.
- If you made any improvements to your home may qualify you for additional discounts like adding a room or replacing a roof.
What do you do now?
Based on the Consent Order filed by the Florida Office of Insurance Regulation, your insurance carrier will give you a 45-days notice that they will be canceling your policy.
So you must find a replacement home insurance policy during that time period or a lapse in coverage maybe your next problem. Call 407-379-7939 Valle Insurance Professionals can help.
What happens to the money they have for my policy?
If your policy renewal period was still some months away you are entitled to a refund for coverage that you paid for but did not receive.
Need to find a replacement insurance policy?
Get an instant quote now or call 407-379-7939 Valle Insurance Professionals. southern fidelity insurance canceling policies florida insurance policies being canceled 2021
Hablamos Espanol
Call 407-379-7939
Clara Valle provided great customer service for over 25 years at State Farm, now I bring the same high-level customer service to my clients at my own agency Valle Insurance Professionals ( VIP ).
Hablamos Espanol
Call 407-379-7939
Clara Valle provided great customer service for over 25 years at State Farm, now I bring the same high-level customer service to my clients at my own agency Valle Insurance Professionals ( VIP ).