State Farm Policy Holders
In a surprise move State Farm of Florida has announced that it will cancel 125,000 of its Florida property lines including:
The Company sited its substantially weakened financial position and the Office of Insurance Regulation’s (OIR) denial of its 47.1% rate increase request as the reason for the cancellations.
State Farm received approval from the OIR to cancel 125,000 policies leaving their policyholders wondering where they will be able to find replacement policies.
Fortunately a number of companies are willing and even eager to accommodate these former State Farm customers.
If you would like a free quote, please call us at (239) 596-6226 or compete the form on your right.