Over the past three years, I've asked my self, what would make a company like Heritage act this way? A good answer comes from the following article. http://insurancenewsnet.com/oarticle/how-safe-is-your-florida-property-insurer-in-2015
Heritage is rated C and every month more and more Citizens policy holders are being assigned to Heritage. Like lambs (myself included) we go. We are afraid of exorbitant prices--as if almost $6K a year was a bargain in my case. We know the way we are being treated is bad, but what can we do, right? According to the article cited above, " Eleven of 29 companies that took policies out of Citizens became insolvent, were ordered to stop writing business or were taken over by other companies between 2003 and 2009, the Personal Insurance Federation of Florida has warned". Are we, Floridians, lambs headed to the slaughterhouse?
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