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New insurer to take over plans in Florida

Posted On Thu, November 4, 2010

Home insurance can provide critical resources in the event of a natural disaster. Those living in areas, like Florida and California are particularly familiar with the damage a severe storm can bring. The west coast, additionally, recently had several costly fires.

Those living in areas more prone to weather-related damage should familiarize themselves with home insurance companies and their offerings. Florida-based Homeowners Choice Insurance recently received authorization to take over 10,000 homeowners' policies from Citizens Property Insurance Corporation.

Homeowners Choice CEO F.X. McCahill says his company will provide superior service to the policies it is taking over.

"We remain steadfast in our commitment to expanding our presence across the state of Florida, and furthering our reputation as a quality provider of homeowners' insurance for Floridians," says McCahill. "We have successfully navigated through the most trying of economic periods and built a solid and financially sound infrastructure capable of sustaining our success going forward."

Homeowners should shop around before settling on any one provider. Rates can vary depending on the value of the property as well as the number of policies held with the same insurer.

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