Jan. 28--An advocacy group for lowering Monroe County's property-insurance rates now offers a guide to the complex world of Florida Keys policies.
Fair Insurance Rates for Monroe (FIRM) provides free downloads of the six-page overview of the types of policies that may be required.
"The FIRM Monroe County Property Insurance Users Guide was designed to be a general aid to consumers in making choices about property insurance in Monroe County," says a group statement. "Many residents are transplants who have never been required to carry windstorm or flood insurance, so the guide answers some basic questions about these products."
FIRM President Mel Montagne noted the guide "is not meant to be a substitute for formal legal or regulatory advice provided by attorneys or insurance agents."
"Flood insurance is not included in a [standard homeowners] policy and windstorm insurance may or may not be included," the guide explains.
It describes the different types on insurance, including condominium and renter, and how the state regulates insurance costs. It also details the "take out" program intended to move policy holders away from the state operated Citizens Insurance firm to private policy writers, and government agency contact numbers.
Actions Taken: Health Care Officials Dole Out Punishments and Reprieves
County commissioner stepping down
Advisor News
- Your client wants to cash out an annuity. Here’s what to consider
- How student loan debt impacts 401(k) balances
- The ‘sandwich generation’ faces compounded barriers to retirement savings
- Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
- Why client insurance needs could change even if their life doesn’t
More Advisor NewsAnnuity News
- SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
- Regulators urged to sharply limit hypothetical data in annuity illustrations
- Your client wants to cash out an annuity. Here’s what to consider
- Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
- Bitcoin gains ground in retirement market with Equitable annuity option
More Annuity NewsHealth/Employee Benefits News
Life Insurance News