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Cow Attack Insurance
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<blockquote data-quote="Warren Allison" data-source="post: 1831153" data-attributes="member: 40587"><p>No, this is Florida's guaranteed - issue pool. It provides basic property insurance ..not broad form or special form.. to people who cannot get coverage from insurance companies. Every state has one. In Ga it is called The Fair Plan. Basically it is for people who can't get insurance on their home , to fullfil the requirements of their mortgage company to keep the property insured. Ga, like most states, require you to be turned down by 3 insurers in order to get this forced coverage. I think it is 3 in Fla also. Every year, these plans will look for coverage though the insurance market, and when they find one that will write you, they will cancel this forced coverage. The reason the premiums might be lower than traditional home-owner's, is because it has no where near the coverages a homeowner's policy like an HO-3 , has. It will have a little personal liability coverage on it, but will not have any commercial liability coverage available, for farm, ranch, livestock etc. exposure.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1831153, member: 40587"] No, this is Florida's guaranteed - issue pool. It provides basic property insurance ..not broad form or special form.. to people who cannot get coverage from insurance companies. Every state has one. In Ga it is called The Fair Plan. Basically it is for people who can't get insurance on their home , to fullfil the requirements of their mortgage company to keep the property insured. Ga, like most states, require you to be turned down by 3 insurers in order to get this forced coverage. I think it is 3 in Fla also. Every year, these plans will look for coverage though the insurance market, and when they find one that will write you, they will cancel this forced coverage. The reason the premiums might be lower than traditional home-owner's, is because it has no where near the coverages a homeowner's policy like an HO-3 , has. It will have a little personal liability coverage on it, but will not have any commercial liability coverage available, for farm, ranch, livestock etc. exposure. [/QUOTE]
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