Customers of Tampa-based Avatar Property & Casualty Insurance Co. had better get moving: They have just three weeks to find new home insurers or be left uninsured as we inch closer to the start of hurricane season.
Policyholders of Avatar Property& Casualty Insurance Co., which was declared insolvent earlier this month, have until April 13 to find new carriers. Another 2,462 were in Orange, Seminole, Lake and Osceola counties. “Yes, we are pulling our hair out right now,” said Dulce Suarez-Resnick, vice president at Acentria Insurance in Miami.
To recoup money lost because insurers failed, the Fla. IGA OK’d a 1.3% assessment on all state policies, including homeowners, aircraft, flood, malpractice and more.