Floridians Suggesting Boycott
Homeowners in Florida are fed up with being dropped from their current insurers as well as the rising cost for
policies through those few companies that can offer home coverage. An activist group in Pasco County is encouraging homeowners to drop their auto insurance with several companies that write both auto and home insurance. Members of this group feel that this is one of the best ways for Florida residents to punish the companies for dropping their homeowners insurance or raising the premiums so high that they have to consider a second job.
While the article does offer a few instances of retaliation, officials in the industry have yet to see a large number of people dropping. Some major companies are giving customers the multi-line discount even after they were forced to drop the home portion of the coverage. Their intention is to help relieve some of the financial burden that Florida residents are experiencing. Ryan Priest, a spokesperson from one of these companies states, "It (a boycott) is an understandable reaction. But it seems like it's been fairly rare."
I guess time will tell. As always, your thoughts are welcomed.
[Source]
Insurance News Net







