With each passing hurricane it becomes more difficult for homeowners in the gulf states to secure howeowner insurance policies. Now Nationwide has announced that they are dropping 39,000 policies in Florida. This follows announcements from Allstate and and State Farm that they were dropping 156,000 policies due to the 2004-2005 hurricane season.
“It goes without saying that this is a difficult business decision, but one we need to make to continue to be there for our remaining customers,” spokesman Eric Hardgrove said.
Ugh. Being a corn-fed Midwestern type and all that, we don’t have much experience with this sort of thing. Anyone have any advice for the soon-to-be uninsured?
Nationwide dropping coverage for thousands of Florida homeowners [Sun-Sentinel]