Insurance companies abandon 50,000 customers just before hurricane season



Hurricane season in Florida will officially begin in a week, but tens of thousands of homeowners have learned that their insurance company is canceling their policies.

This leaves a lot of difficulty in purchasing a new home insurance policy, but for many there aren’t many options. Thousands of Florida homeowners have seen their home insurance rates double this year.

Three major insurance companies operating in the state said 50,000 policies would fall.

Gulfstream Ownership and Liability, Universal Insurance Company of North America, and SFidelity Outhern Insurance handsets have state permission to drop 50,000 policies.

“We already have two areas of interest before the start of the season,” said Allyson Rae, chief meteorologist for NBC2. “Hope this isn’t a sign of things to come.”

Serena Warf of Cape Coral recently received a notice stating that her policy will not be renewed this year. She had to find a new insurer after eight years in the same company.

“It’s very disheartening,” Warf said. “We have never filed a claim on our house.”

Residents with abandoned policies should start buying fares, experts say. Stay on top of the 2021 hurricane season with NBC2 meteorologists on TV and online.



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