Has Your Homeowners Insurance Policy Been Canceled? | Get a Replacement Policy Today

Was your insurance policy with Southern Fidelity, Lighthouse, Avatar Property & Casualty, or St. Johns recently canceled? 

Floridian homeowners are in a state of crisis. Home insurance costs are skyrocketing and availability is plummeting. In 2021, some homeowners saw a renewal increase of 50% or more. Now, homeowners are facing an even bigger crisis: non-renewed or cancelled homeowners’ policies. Property owners of single-family homes, condos and renters will soon be looking for homeowners’ insurance as more insurance carriers leave the state. 

Need a replacement policy? Fill out this form to speak with one of our experts or
Call us at 239-354-7200. 

Call Us at 239-354-7200

For an insurance quote, call us at 239-354-7200.

According to a  South Florida Sun Sentinel report, thousands of cancelations are in progress or to come:

  • Southern Fidelity will be canceling nearly 70,000 residential policies 
  • FedNat Insurance Co. will be canceling over 68,000 residential policies 
  • Monarch will be canceling over 8,000 residential’s policies 
  • Maison will be canceling over 3,000 residential’s policies 

If you find yourself in this situation, don’t panic – we have been in the personal insurance business for over 50 years and are readily available to ensure you have the coverage you need in a timely matter. Our Florida team of experts can quickly create a replacement policy for you and your personal lines of insurance needs.

Why was my property and casualty insurance canceled?  

On June 3, 2022, Demotech withdrew its financial stability rating assigned to the Southern Fidelity Insurance company after failing to secure reinsurance for the 2022 hurricane season. Shortly thereafter, Southern Fidelity entered into receivership and is to be liquidated. It is the fourth insurer that was declared insolvent since February, leaving thousands of previously insured customers without a policy.

How does this impact homeowners? 

This situation puts homeowners in a tough position. Not only will it be harder to find homeowners insurance – it will cost more. To layer on the challenges, some available insurers will only cover homes valued up to $700,000 and replacement costs have gone up 16%. If your home has appreciated in value, even if you have coverage, it’s time to relook at your policies to ensure you have the right level of coverage for your property.

For those trying to purchase a property, this could make the closing process even more complicated.

Why was my Southern Fidelity insurance canceled?

What is a receivership?

A receivership is a process that is put in place to protect a company. A period of receivership may be thought of as a means of protecting a company in financial trouble. During this time, A "receiver," or trustee, steps in to manage the entire company, its assets, and all financial and operating decisions.

That’s where we come in. We can replace your canceled insurance policy with an improved policy in no time. 

Have you received a notice of non-renewal for your homeowner’s insurance? Or has your homeowner’s policy been canceled? Tens of thousands of homeowners are facing the exact same situation due to no fault of their own – they’ve paid their bills on time for years and been a good client.  Unfortunately, many Floridians are left holding the bag to bad practice and this situation has left them scrabbling to find reasonable insurance coverage. 

We can offer homeowners insurance solutions for you. 

The Horton Group is an employee-owned insurance broker with over 400 employees. We’ve been established for 50+ years and specialize in offering insurance coverage to protect you, your assets, health, and financial well-being. This is a responsibility we take seriously. 

People are at the center of all we do at The Horton Group. And we have been since 1971.  

This means we get it - you're not just searching for an insurance broker. You're looking for a partner. One who cares and promises to always have your back versus just putting a policy in place. 

We know what this is like, because Horton’s owned by the people who work inside the business each and every day – so we know how we want to feel and be taken care of.  We know what it feels like to want someone to ”go to the mat” for us and handle our challenges with care and urgency. We know how it feels when someone does the right thing for us – and we strive to do the same thing for you.  This is why we invest in relationships, care unconventionally, and are purposefully driven. 

Was your insurance policy with Southern Fidelity, Lighthouse, Avatar Property & Casualty, or St. Johns recently canceled? Get a Florida homeowners insurance policy today.

WHAT'S POSSIBLE?

We invite you to explore the risks and opportunities:

 

The cornerstone of the personal insurance portfolio. What could be more important than making sure your home is correctly insured and having the liability protection to shelter your assets?

The hobbies, passions, and toys. As you’ve achieved success, you’ve amassed new interests. Ensure these create memories, not headaches. How confident are you your traditional insurance program adequately understands and covers the risk they post?

Ensuring that the people you love and care for are adequately protected is the most important thing one can do. As you grow, so does the complexity of your personal financial portfolio and the legacy you leave.

Get a replacement policy by speaking with one of our experts today!

Ronald R. Assise

Call us at 239-354-7200 for more information.

Estero, FL Office

21301 S Tamiami Trail #340
Estero, FL 33928

Phone: 239-354-7200

Fax:  239-354-7250

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