October
08, 2007
Company Helps Residents Find Scarce, Private Florida
Homeowners Insurance LAKE
WORTH, Fla.--(BUSINESS WIRE)--Home Insurance Buyers Guide, LLC today
announced the launch
of its new website at www.homeinsurancebuyers.org
– a searchable database where homeowners can
find private insurance companies still writing new homeowner insurance
business in Florida. The
website launch is occurring as insurance companies comply with legislation
passed earlier this year in response
to huge rate increases, policy cancellations, and a shrinking supply of
private homeowners insurance. “Until
now, homeowners have been frustrated by the lack of information available
to help them find private companies still
writing new homeowner insurance business,” said company President
Michael Letcher. “We
are excited to be the first to deliver this essential information in one
convenient location. Of the 39 companies accepting new business, the Buyers
Guide includes
some exceptional companies that until now have been hidden behind the agent network. Since a typical agent
represents 5-10 companies, homeowners may never learn about up to 20 other companies still writing
new business in their county. Working with only one agent dramatically increases the chances of the homeowner ending
up with expensive, private
insurance or with the state carrier, Citizens Property Insurance
Corporation.” The
Buyers Guide eliminates this risk by focusing only on companies still
accepting new homeowner insurance
business in Florida. Homeowners search
for companies in their county, use a Buyers Guide Rating©
to screen those companies, and visit convenient links to contact agents
representing those companies. The Buyers Guide is different because the
process starts with the company first – not the agent. Homeowners have
saved up to $4,000 per year and found as many as 15 additional insurance company
options using this process. The
Buyers Guide is also a community where
homeowners provide market intelligence, share policy quotes,
rate their satisfaction with their insurance company, and let their
legislators know how they feel about insurance availability in
their county. In
the future, the Buyers Guide will offer new features in Florida, while
expanding to other states also facing a limited supply of private
homeowners insurance. About Home Insurance Buyers Guide, LLC Home
Insurance Buyers Guide, LLC is an independent, unbiased organization
helping homeowners locate
affordable, private insurance in
Florida. For more information visit: www.homeinsurancebuyers.org. Contacts Home Insurance Buyers Guide, LLC Michael Letcher, 561-337-5041
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