We have some of the highest amount of auto accidents in the country as well and with the "No Fault" law in place, it allows attorneys once again to exploit the loose regulations and squeeze every penny they can from every involved parties insurance company forcing the carriers to raise rates to compensate for this. So between shady contractors and attorneys Florida has become one of the most expensive States to insure property. Also the "assignment of benefits clause is a huge issue with contractors going door to door and taking advantage of loose regulation. While 9% of homeowner property claims nationwide are filed in Florida, a staggering 79% of lawsuits related to property claims are filed in Florida. Due to the excessive claims made across the state over the past 5 years, home insurance carriers have had no choice but raise premiums every year. The insurance marketplace in Florida is as tough as it has ever been especially for Home Insurance. We save you the time by doing the shopping around for you. We are an insurance broker so what that means is that we have the option to shop around among over 40 carriers between Home, Business, and Auto Insurance. Our office is committed to offering you options for your insurance needs.Welcome to BuddyInsuresYou brought to you by Lucas Insurance Brokers. You can also learn even more at Tower Hill Website at įor help or questions, please contact our office directly at 90 or send us a email.Tower Hill has prepared frequently asked questions - Tower_Hill-FAQ.pdf.Please allow your Tower Hill renewal to arrive in the mail. You will receive a Docusign request from our office with the required paperwork for your signature. To reiterate, we want to make this transition easy for you. Please be assured that your coverage will continue at renewal through the Exchange when the indicated premium is paid, either by you or your mortgage company and your subscriber agreement is signed and returned via docusign. Per statutory requirements, you will also receive a Notice of Nonrenewal for your current policy. Your packet will include the following: your Exchange policy Declarations Page and a Coverage Comparison Chart and subscriber agreement. You will be receiving a mailed packet from Tower Hill about 120 to 140 days prior to your next renewal with your new insurance policy and other important documents. Tower Hill has a video and info available online at to learn more.Her is a pdf that includes frequently asked questions about the Exchange.The Exchange is organized as a “reciprocal insurer” which means you as a policyholder become a part owner in Exchange. Tower Hill Insurance Exchange still has the same management team, an Demotech A rating, and strong customer service that they have been providing for over 50 years. At renewal, your current policy will be moved to the Exchange. Tower Hill will now be offering all insurance policies in Florida under Tower Hill Insurance Exchange (“Exchange”). (If your mortgagee pays the premium, please make sure we work together to assure premium is paid) Make payment on the renewal policy when the billing arrives from Tower Hill.If you would like to review your renewal options, or your Tower Hill policy for additional discounts or make coverage updates or changes to your policy, please call our office directly at 90.You will receive this from our office via Docusign in the next few weeks. Sign the required documents to become a member of the reciprocal Tower Hill Exchange.Review the declarations page when it arrives from Tower Hill in the mail.To make it easier for you, our agency will send this to you via Docusign in the next 15-30 days. Additionally, you will need to sign required paperwork to join the Tower Hill reciprocal exchange. As part of this process, Tower Hill will mail you two letters including a non-renewal and offer of replacement insurance. Tower Hill will now be a reciprocal insurer (policyholder owned.
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