State Farm Angers Many in Florida

State Farm recently announced that they would no longer be offering personal property insurance for the state of Florida. This is very upsetting to those that have had them for years, and they feel as though the insurance company has let them down. Many of them have their auto insurance policies, as well as life and home insurance policies all with State Farm.

Consumers say that if State Farm is allowed to take personal property insurance off the table in the state, that they will be switching all of their policies. They say that they are aware that they get multi line discounts with most insurance policies, so why would they keep their auto insurance with a company that does not value their business?

For their part, the State of Florida has told State Farm not so fast on the move out, for Florida law says that if you offer multi line coverage – house, life, car insurance, etc. then you have to offer all of them within their state. They cannot pick and choose what they are going to offer, they have to offer all of it. They say that if they are not willing to offer homeowners insurance, then they are not going to be able to offer life or auto insurance anymore either.

The auto insurance company has been issued a subpoena to appear in front of the House Insurance, Business and Financial Affairs Policy Committee to discuss the letter sent out to homeowners. However, many of those that got the letter say that they are not going to wait to see the outcome, nor are they waiting the year. They say that if they want to leave they can go, but they won’t be leaving their auto insurance with them.






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