November 7th, 2009 | 
Author: I am from Ecuador and this company offer a nice package of insurance and i would like to be part of this but i have doubts about a foreign company.
Are you talking, Citizens, owned by Hanover Insurance Group, or Citizens, the Florida state fund?
If you’re buying house Insurance in Florida, CITIZENS is your ONLY choice – no one else is writing it.
They are heavily underfunded – about $20B in assets, another $20B in credit lines, and $800B in insured properties. The last big hurricane to hit FL, it took them 9 – 12 months to pay the claims.
But like I said, if you’re talking FL, you have no other options.
If it’s the Hanover Group company, not a problem – but they don’t write in FL.
Posted in Insurance News
Are you talking, Citizens, owned by Hanover Insurance Group, or Citizens, the Florida state fund?
If you’re buying house insurance in Florida, CITIZENS is your ONLY choice – no one else is writing it.
They are heavily underfunded – about $20B in assets, another $20B in credit lines, and $800B in insured properties. The last big hurricane to hit FL, it took them 9 – 12 months to pay the claims.
But like I said, if you’re talking FL, you have no other options.
If it’s the Hanover Group company, not a problem – but they don’t write in FL.
References :
agent, 21+ years
If you are looking in Florida for insurance CITIZENS doesn’t have to be your only option. I write home insurance all day long and I have several other companies depending on the age and location of the home. St. Johns Insurance Company, Universal Property & Casualty and Edison Insurance. Where are you located?
References :
Agent