Not have heard much about it, but it is still there.
While survived 2009 without a major hurricane in Florida, the moment of truth has simply postponed.
Why?
Because the Florida property insurance market is still resting on a weak base composed by the Florida Hurricane catastrophe fund, citizens property Insurance Corporation and newly formed Florida home insurance companies seeking to grow its customer base.
While things have improved with the Florida Cat Fund and citizens, the State of Florida has still a long way to go before this system has enough money in cash at hand to pay claims after a major Florida Hurricane.
It's really very simple.
If these entities do not have enough cash to cover your part of the claims that have to raise cash in bonds that are still little friendly markets.
This means that some owners of Florida could be waiting a long time to get his paid claim after the next storm.
A major hurricane in Florida in 2010 still could send shock waves through the State if there is not enough money in cash to pay claims.
This is why many are pressing the Federal Government in Washington to discuss a National Hurricane catastrophe fund.
But with the billions that the Feds have spent on Wall Street, stimulus packages and in healthcare in the near future, there will be very few people listening in Washington as Florida continues to make a case the Federal Treasury must support Florida property insurance scheme financed.
Buyers guide helps you find, screen and get in touch with insurance Florida homeowners still writing new business and can help you save thousands.
Discover even an additional home Florida insurance company could make the difference in helping you to save thousands in these difficult financial times.
And preventing even one finely they capitalize Florida homeowners insurance company which could not surive the next Florida Hurricane is something you have to investigate further.
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