Who Will Policyholders Turn To in State Farm's Absence?

By
Services for Real Estate Pros with Dennis Insurance

Re-posted from Becky Ann Toleman:

By now, everyone knows that corporate insurance giant State Farm will be leaving their Florida policyholders due to the massive amount of repairs due to hurricanes. The company claims it doesn't have the funds to service victims of hurricane damages. This news will affect some 1.2 million who own policies for houses, condos, and businesses.

Although everyone's heard the news by now, and State Farm has stated that they're not going anywhere until after this year's hurricane season, Floridians are now faced with the question: where to go now?

It's true that they have awhile to decide. State Farm has given a wide heads-up, but many of their clients are still surprised and frustrated.

"It doesn't seem like the kind of thing an insurance company would do to their customers," says Martin Fleck, a Florida resident of 33 years. "Insurance companies sell peace of mind, this is pretty much the opposite of that."

Martin Fleck, like many other policyholders, has decided to try a less corporate method. "The problem with big insurance companies is that they can pick up and leave whenever they want, and they'll be fine elsewhere," he says. "Basically when State Farm announced they're going, I thought, ‘What's to stop another company from doing the same thing?' But if I go with a smaller business, you know that they appreciate their customers and want to keep them."

Mr. Fleck has chosen to go with a lower-key independent insurance agency, which seeks out carriers. Because these companies are often family owned and operated, they conduct customer service on a much more personal level.

Dennis Insurance out of Lutz, Florida is one of these independent agencies. We're focused on the insurance needs and financial well-being of our clients. Our goal is to earn a lifetime of trust from every client we work with by providing the best array of insurance products and caring, personal service to every client. For a free quote on your homeowners insurance, contact us today!

 

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?