Demotech Inc. Announces Rating Withdrawal of 3 Florida Carriers and a Downgrading of Another

Evolve Insurance Agency has learned that Demotech, Inc., a well-known financial rating company, has withdrew their rating of 4 homeowners insurance companies in Florida and reduced a rating by 2 notches for another carrier. Weston Insurance Company and FedNat Insurance Company had their financial ratings withdrawn on Monday, ...

Another Florida insurance company fails: Southern Fidelity Insurance Company ordered into liquidation

On June 15, 2022 Southern Fidelity Insurance Company ("Southern Fidelity") was ordered liquidated by the Second Judicial Circuit Court in Leon County, Florida.  The Florida Department of Financial Services ("Department") is the court appointed Receiver of Southern Fidelity. A copy of the liquidation order for Southern Fidelity is available on the ...

All About Citizens Insurance - Part 2: The possibility of a hefty “Citizens Policyholder Surcharge”

So now that we’ve talked about the low rate and sub-par coverage – let’s talk about the “Citizens Policyholder Surcharge”. When you purchase insurance coverage offered by Citizens Property Insurance Corporation (aka "Citizens"), you agree and acknowledge that there may be an additional surcharge billed to you in the ...

All About Citizens Insurance - Part 1: The bitterness of no coverage is remembered long after the sweetness of low price is forgotten.

Nearly every week more bad news is shared about the Florida homeowner and their homeowners insurance – news that has caused thousands of customers to scramble for replacement coverage with little notice from their current insurance company. Now that they are racing for new coverage, many are finding that there are ...

Southern Fidelity Insurance Company loses Demotech financial rating

Evolve Insurance Agency has learned that Demotech, Inc., a well-known financial rating company, has withdrew their rating of a large homeowners insurance company in Florida. Southern Fidelity Insurance Company had their financial rating withdrawn on Friday, June 3rd, 2022. Demotech's formal announcement can be found ...

Florida Office of Insurance Regulation Allows FedNat, Monarch National, and Maison Insurance Companies to Issue Immediate Cancellations for Over 68,000 Policies.

Evolve Insurance Agency has learned that on May 16, 2022, the Florida Office of Insurance Regulation ("OFFICE") issued a FedNat Holdings Company (parent company of FedNat Insurance Company, Monarch National Insurance Company, and Maison Insurance Company) consent order, outlining a plan to cancel over 68,000 policies with as ...

Brand-New Home Construction Tips to Keep Insurance Costs Down

It’s no secret that new homes are being built at record speed in Venice, FL and the surrounding areas. If you are thinking about building or purchasing a brand new home, we’re going to go over a few tips you can keep in mind to keep the cost ...

What Homeowners Insurance Coverage Do I Need?

Insurance is a big part of owning and taking care of a home. You need appropriate coverage to get a loan to purchase a home and to protect it from anything that might happen. Knowing what sort of coverage you need can be tricky. We are here to help ...

Demotech, Inc Announces the Withdrawal of Rating for Another Florida Homeowners Insurer

Evolve Insurance Agency has learned that Demotech, Inc., a well-known financial rating company, has withdrew their ratings of yet another homeowners insurance company in Florida. Lighthouse Insurance Company had their Demotech-issued financial rating withdrawn on Tuesday, March 29th, 2022. RELATED: Insurtech Slide Insurance Company picking up policies from insolvent St. Johns ...

Visit Evolve Insurance This Sunday in Downtown Venice for the 32nd Annual Venice AACA Classic Car Show!

Are You Busy This Sunday?

Visit our booth at the FREE Venice AACA Classic Car Show!

WHAT: Annual Venice, Florida AACA (Antique Auto Club of America) Classic Car Show WHEN: Sunday, March 27th, 2022 (Starts at 8 AM until 3 PM) WHERE: Centennial Park on Venice Island - ...

Avatar Property and Casualty Insurance Company Ordered into Liquidation on March 14, 2022

On March 14, 2022 Avatar Property and Casualty Insurance Company ("Avatar") was ordered liquidated by the Second Judicial Circuit Court in Leon County, Florida.  The Florida Department of Financial Services ("Department") is the court appointed Receiver of Avatar. A copy of the liquidation order for Avatar is available ...

Demotech, Inc Announces the Withdrawal of Ratings for 2 Florida Homeowner Insurance Companies

Evolve Insurance Agency has learned that Demotech, Inc., a well-known financial rating company, has withdrew their ratings of 2 homeowners insurance companies in Florida. St. Johns Insurance Company and Avatar Property and Casualty Insurance Company had their financial ratings withdrawn on Thursday, February 17th, 2022 and Friday, February 18th, 2022, respectively. RELATED:&...