Tuesday, February 7, 2012

More Citizens News

Well I hate to be the one to keep talking bad about Citizens but when the Wall Street journal reports on it I just have to pass along some of their facts.  Here is a link to the full article you want you to read it yourself.
This is a quote directly from the above article.

Citizens Property Insurance Corp., already the state's largest home insurer, was growing late last year at a clip of 4,000 policyholders a month. It now has 1.5 million policyholders and a total exposure of $511 billion, about one-quarter of the market.

All I can say is WOW.  4,000 new policies per month and they now insure 25% of the market.  This makes them the number one insurer in Florida.  Bigger than State Farm and Allstate.  It is hard to believe there are so many private insurance companies who want to write new business in Florida, ones that can provide better customer service, are better able to handle a large store, are better financially stable, but can't compete with the prices the state is offering.  If this was a private business they would be considered financially unstable and would be going out of business.  If it were an insurance company the department of insurance would have come in by now and shut them down.  So why do we allow them to continue to operate the way they are today?

If you want an insurance policy with a company that can provide you with great customer service, has experience working large storms, financially stable give us a try.  Talk to our customer service reps.  We can help you get the policy and a company which is best for you.  We offer an online rating tool that will allow you to see a ball park price for your home.  If you want to submit the price to us online we will either call you or e-mail you to see how we can further help you.  Our website is www.FastCheapQuotes.com or you can see us on Facebook at www.facebook.com/fastcheapqutoes.