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How Employee Benefit Consulting Firms Aid Non-profits In Securing Health Benefits
By Mike Owen
In order to be competitive with other businesses in securing the best employees, the volunteer sector needs to find a way to improve access to employee benefit and retirement plans. It is well known Read more...
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Citizens Property Insurance Corp Review
By Masni Rizal Mansor
Florida homeowners, especially those in high-risk areas, experience a difficult time getting coverage for damages caused by hurricanes and windstorms. Many private companies are almost adamant at writing new policies that are specific to their needs. For this reason, the Citizens Property Corp was created.
Citizens Property Corp was formed from the combination of two state-owned entities. These companies that make Citizens Property Corp are the Florida Residential Property and Casualty Joint Underwriting Association (FRPCJUA) and the Florida Windstorm Underwriting Association (FWUA). The Florida legislature passed a law in 2002 combining these two companies in order to create the Citizens Property Corp. When they formed the Citizens Property Corp, it was their aim to provide coverage for Florida homeowners who are unable to get coverage from the private market.
The reluctance of private companies to fund coverage for homeowners in high-risk Florida is not without reason. Just recently, four hurricanes hit Florida and devastated several homes. According to estimates as of July 28, 2004, Citizens Property Corp has a total of 78,257 claims to evaluate.
Citizens Property Corp is a state-run company. As such, Citizens Property Corp can offer coverage of up to $350,000. This amount from Citizens Property Corp covers damages and the cost of repair and rebuilding. Aside from the actual house, Citizens Property Corp also pays for the reconstruction of other structures, such as fences, swimming pools, and such. In addition, Citizens Property Corp includes coverage for replacement of lost or damaged items and liability costs.
After hurricanes Charley, Frances, Ivan, and Jeanne wreaked havoc in Florida, Citizens Property Corp faces a total net loss of $1.77 billion. According to Risk Management Solutions, a separate entity that reviews damages to be covered by insurance,
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Life Insurance Resources
By John Banks
Article Database Information10 key reasons why a person needs life insuranceInsurance is designed to protect a person and the family from disasters and financial burdens. There are many Read more...
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Compare Van Insurance -- 6 Tips For Saving On Van Insurance
By Peter Fitzpatrick
Tip #1 - Go Through a Broker - While shopping around yourself is great, if you are not able to you may want to get your insurance through a broker to compare van insurance for you. They can Read more...
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