OPT OUT: Citizens Insurance under Depopulation in Preparation for Active Hurricane Season

It's been seven years since we've been hit with a major hurricane.  In preparation for our luck to run out Citizens Insurance is being dismantled by Gov. Rick Scott and the Legislature via a Depopulation effort of policies from the insurer.  They have set in motion a Rube Goldberg machine that will effectively boot everyone out of Citizens and into the hands of fly-by-night private insurance companies.  Companies that were created with seed money from the profits of guess who?  Citizens Insurance of course; Corporate Welfare of the worst kind!  Profits that were unnecessarily generated by ever increasing rates with the false premise that the company was not sufficiently funded.  Lies and smoke screens by a Governor and State Legislature that's disturbingly obsessed with finding all solutions in the private insurance market. We were here when Hurricane Andrew hit South Florida and the private insurers cancelled policies and/or went bankrupt as a result.

 If you're thinking Depopulation of Citizens and over to private insurers such as Allstate, State Farm, Nationwide, USAA, Farmers, Prudential and other big firms, think again. Those companies wont come to Florida bearing their name.  They know that they cannot withstand the loses of a major storm keeping their good name intact.  The insurance market in Florida is kryptonite to viable insurance companies hence why Citizens Insurance exists. It's the only way for the citizens of our state to maintain affordable homeowners insurance.  Notwithstanding the shenanigans concocted by our Governor and State Legislature to make it appear that Citizens is not viable.  

The companies being offered are listed below to gladly take your money and increase your rates at their whim, because if you're thinking they'll be any cheaper than Citizens, think again.  They are "for-profit" entities that stay afloat with customer premiums plus the subsidies Citizens Insurance is doling out. Fortunately there is an Opt Out Form available so people that know better can stay away from these companies.  The choice is your but you have to act upon receiving an assumption letter.  You only have 30 days from the date in the letter to contact their agent, submit the form and have the company process the opt out letter.  They didn't make it an easy process on purpose so it's up to you, the clock is ticking. 

07/09/2013 Assumption

• Southern Oak Opt Out Form

6/28/2013 Assumption

• Heritage Property & Casualty Opt Out Form

06/04/2013 Assumption

• Tower Hill Select Insurance Company Opt Out Form

05/31/2013 Assumption

• Weston Insurance Company Residential Opt Out Form

05/17/2013 Assumption

• Weston Insurance Company Opt Out Form

05/16/2013 Assumption

• Weston Insurance Company Commercial Residential Opt Out Form
• Weston Insurance Company Commercial Non-Residential Notification

05/07/2013 Assumption

• Southern Oak Opt Out Form

05/02/2013 Assumption

• Weston Insurance Company Commercial Residential Opt Out Form
• Weston Insurance Company Commercial Non-Residential Notification

04/09/2013 Assumption

• Heritage Property & Casualty Opt Out Form

03/22/2013 Assumption

• Weston Insurance Company Opt Out Form

03/05/2013 Assumption

• Safe Harbor Opt Out Form
• Southern Oak Opt Out Form

Miami Herald Excerpt:

There were 19 named storms last year and experts are predicting another busy season in 2013, continuing what has been an active cycle over last decade.

The National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center, which issues the government’s annual pre-season forecasts, warns there could be from 13 to 20 named storms this year compared to the average of 12. Seven to 11 could become hurricanes, with up to six becoming major hurricanes with wind speeds topping 111 mph.

Reference Link:

Read more here: http://www.miamiherald.com/2013/05/30/v-fullstory/3424627/florida-braces-for-another-active.html#storylink=cpy

Florida braces for another active hurricane season - Hurricanes - MiamiHerald.com

 Citizens Insurance Depopulation Update - Watch Out For Assumption Notice and Opt Out Form 

Citizens Windstorm Insurance - Depopulation Effort Underway

http://www.childresslawyers.com/2012/10/15/opinions-re-citizens-property-insurances-proposed-depopulationsurplus-loan-program/