Recently, I met with an Insurance Agent who stated that insurance companies were pulling out of FL. State Farm, Allstate and Nationwide have reported that they were not taking on knew policies in FL. However, I know someone who just received a policy from State Farm in this area, so I have to question that information given by the Agent.
From personal experiece, I watched my State Farm homeowner's policy climb 50% in Nov '04.
I've listened to people saying that insurance agents were very rude when asking for homeowner's policies in this area. I guess that is another method to ween people off of that particular company. The insurance companies are in a world of trouble in the state of FL. State Farm almost went belly up after Opal. Some of the new buyers in the area may be suprised to learn more regarding the recent changes in insurance policies in the state FL. Not being an insurance agent, I will not attempt to brief you on these issues. I will tell you all, if you are interested in purchasing a home/condo/townhome in this area or state, you better get on the dd and talk to some inusrance agents PRIOR to submitting offers on properties.