Best Rate Insurance Blog

Best Rate Insurance Bloghttp://www.briagency.com/blog/View Best Rate Insurance's Website Blogen-uspostmaster@www.briagency.comInsurance Website Builder - www.insurancewebsitebuilder.comurn:uuid:eeb79e95-c294-4fe0-aa11-36a83e5cb04curn:uuid:c1bf036a-a3af-4081-a815-16619a564625Florida DMEPOS 50,000 BondThe Federal Government has announced a new surety bond requirement for DMEPOS Suppliers.  A DME Bond, Medicare Bond or DMEPOS Bond is the type of bond.  As of October 2, 2009 all current Durable Medical Equipment Providers, Prosthetics Prov...Thu, 27 Aug 2009 20:55:32 -0500The Federal Government has announced a new surety bond requirement for DMEPOS Suppliers.  A DME Bond, Medicare Bond or DMEPOS Bond is the type of bond.  As of October 2, 2009 all current Durable Medical Equipment Providers, Prosthetics Providers, Orthotics Providers and Medical Supplies Providers must post a $50,000 DME Surety Bond. All new DME providers must be in compliance by May 4, 2009. This surety bond aims to prevent fraudulent activity within the industry and regulate the application process. Best Rate Insurance writes these bond with a direct carrier and has the experience to find you the right type of bond for the best price available, call us today at 866.616.0065 or visit our website at <a href="http://www.bestrate-insurance.com">www.bestrate-insurance.com</a> for more information. urn:uuid:c26e0525-f62c-4776-b65c-91d2ac6d1ed3Florida insurer First Commercial to be liquidatedMiami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary, First Commercial Transportation...Thu, 27 Aug 2009 20:44:02 -0500Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary, First Commercial Transportation and Property Insurance Co., are being cancelled. Policyholders with claims will be protected by the state's backup insurance guaranty fund that is supported by private insurance companies. FCIC wrote workers' compensation, commercial auto, general liability and commercial multi-peril insurance policies in Florida and Georgia. FCTPIC wrote commercial auto insurance coverage in Florida. Together, the companies have approximately 18,000 in-force policies. The Florida Department of Financial Services has acted as the receiver of both FCIC and FCTPIC since July 10, 2009, when the companies consented to be placed in receivership for the purpose of rehabilitation. Regulators said that the companies wrote more than 2,000 automobile service warranty contracts they never reported. Those are cancelled immediately under the liquidation order issued by Leon County Circuit Court Judge Charles A. Francis. The department said it is investigating this matter further. All other policies are cancelled effective 12:01 a.m. on Sept. 23, 2009, unless otherwise terminated prior to that date. This includes approximately 550 commercial auto insurance coverage or "for hire" insurance policies written by FCTPIC and approximately 100 in-force policies written by FCIC for Georgia policyholders. According to its financial statements dated at the end of the first quarter of this year, the insurer wrote more than $50 million in business and lost close to $10 million in 2008. Florida Chief Financial Officer Alex Sink advised all Floridians who have property insurance with FCIC should immediately contact their insurance agent to secure coverage with a new company. All questions relating to current FCIC and FCTPIC policy and coverage issues should be directed to FCIC/FCTPIC's customer service department at (866) 570-2184 until Sept. 23, 2009. "Given that this liquidation order comes in the middle of hurricane season, it is imperative that consumers who have property insurance with First Commercial immediately contact their agents to secure new coverage," said Sink. "Our department will continue working diligently to help make the transition as smooth as possible for Floridians." The department offered the following advice to policyholders based on the different types of policies issued by FCTPIC and FCIC:   <ul type=disc> <li style="COLOR: black">Workers' compensation policies are covered by the Florida Workers' Compensation Insurance Guaranty Association. The number to check on the status of an existing claim is 1-800-444-9098, extension 531, and the number to file a First Notice of Injury is 407-352-5788 or via email at <a href="mailto:claimreporting@usis-tpa.com">claimreporting@usis-tpa.com</a>.  <li style="COLOR: black">Property and casualty insurance policies are covered by the Florida Insurance Guaranty Association. Florida claimants can check on the status of an existing claim by calling 1-866-928-4310 or file a new claim by contacting their agent. Florida policyholders with property and casualty policies will be able to place unearned premium claims with FIGA after the department completes its processing of the policy records and sends the unearned premium records to FIGA. Claims of Georgia policyholders may be covered by the Georgia Insurers Insolvency Pool which may be reached at (770) 621-9835. <li style="COLOR: black">Policyholders who want to file a claim in the receivership estate for amounts not covered by a guaranty association will need to do so before the claims filing deadline. The deadline for filing claims in the FCIC/FCTPIC receiverships is 11:59 p.m. on Aug. 17, 2010. </li></ul>urn:uuid:a711244a-5456-490b-a3f0-a456d54160fbHurricane Checklist: Finding the right contractor CFO Alex Sink encourages Floridians to protect themselves and their property against hurricane damage. The first step is getting a wind inspection to identify how you can strengthen your home, and more information on how to get your home inspected is...Fri, 26 Jun 2009 16:46:29 -0500CFO Alex Sink encourages Floridians to protect themselves and their property against hurricane damage. The first step is getting a wind inspection to identify how you can strengthen your home, and more information on how to get your home inspected is available on the CFO’s website at <a href="http://www.myfloridacfo.com/">www.myfloridacfo.com</a>. With your home inspection in hand, it’s time to look for the right contractor. Here are some helpful tips to follow when hiring a contractor: <ul> <li>Get at least three estimates from different contractors for the same job.</li> <li>Make sure that the contractor you choose is licensed by the State of Florida or your county government. To verify if a contractor is licensed, visit https://www.myfloridalicense.com/licensing/wl11.jsp?SID or call 850-487-1395.</li> <li>Contact the DBPR or local licensing authority to check for complaints. Ask your contractor for references, and follow up with those references.</li> <li>Read your contract very carefully, including warranty information on any products used to strengthen your home.</li> <li>Make sure that the products used meet code requirements in your area and all appropriate building permits have been pulled. To find out if a product meets the Florida Building Code, visit http://www.floridabuilding.org/pr/pr_app_srch.aspx. To find out if a product meets the South Florida Building Code, go to http://www.miamidade.gov/buildingcode/pc-search_app.asp</li></ul> For more tips when hiring a contractor, visit <a href="http://www.myflorida.com/dbpr/consumers.html">http://www.myflorida.com/dbpr/consumers.html</a>.urn:uuid:d55545af-cc69-4894-b6c7-1acc493d5362Coral Insurance Company being liquidatedCoral Insurance Company is being liquidated and their policyholders need to find another carrier to place their homeowners insurance with. We can help place these customers with other carriers and in most cases, even save them money. Call us tod...Sat, 13 Jun 2009 14:37:22 -0500Coral Insurance Company is being liquidated and their policyholders need to find another carrier to place their homeowners insurance with. We can help place these customers with other carriers and in most cases, even save them money. Call us today and see just how much we can save you.urn:uuid:b3c86f07-67ab-4b46-8839-1fe3923a02d3Florida approves State Farm PulloutInsurance commissioner, Kevin McCarty opened the door 06/12/2009 for State Farm Florida to withdraw from the State's property insurance market, but only after it meets several stipulations. State Farm is required transition their clients to the priva...Sat, 13 Jun 2009 14:35:38 -0500Insurance commissioner, Kevin McCarty opened the door 06/12/2009 for State Farm Florida to withdraw from the State's property insurance market, but only after it meets several stipulations. State Farm is required transition their clients to the private sector and not place them with Citizens Property & Casualty. State Farm Florida insurance must also surrender its license within 30 days. If they are pulling out of Florida, they should pull out completely. They are leaving their long time and dedicated customer base stranded.urn:uuid:e36654d3-4b10-4c36-91e7-fca853dd54aeMortgage Brokers WelcomeWe help mortgage brokers every day by providing quality and timely homeowners insurance quotes for Florida closings. Once a mortgage brokers deals with us, they call us for every quote and policy they need from then on. We are that confident that we ...Mon, 13 Apr 2009 20:36:28 -0500We help mortgage brokers every day by providing quality and timely homeowners insurance quotes for Florida closings. Once a mortgage brokers deals with us, they call us for every quote and policy they need from then on. We are that confident that we provide the very best possible and most affordable Florida Homeowners Insurance rates in the state. Call us today and give us a try, I promise you'll be impressed.urn:uuid:1da092a5-4475-4c2b-8bce-a60f9ba4073aState Farm dropping 1,200,000 policies in FloridaWe can help you if your current Homeowners insurance policy is being dropped by State Farm. You may even save money with us and be placed with an "A" rated insurance carrier, we have several to choose from. Call us today, one of our insurance profess...Thu, 09 Apr 2009 12:08:08 -0500We can help you if your current Homeowners insurance policy is being dropped by State Farm. You may even save money with us and be placed with an "A" rated insurance carrier, we have several to choose from. Call us today, one of our insurance professionals will help you transition from State Farm to another carrier with ease, while also possibly saving you money.urn:uuid:0da629de-09d4-42cb-8572-ea7b99d4f8c3Florida's New Condo LawRecently, the Florida legislature passed House Bill 601, which applies to all condominium policies issued or renewed after January 1, 2009. If you have condo insurance, this will affect your policy. If you do NOT have condo insurance, take note! Incr...Fri, 13 Mar 2009 12:38:24 -0500Recently, the Florida legislature passed House Bill 601, which applies to all condominium policies issued or renewed after January 1, 2009. If you have condo insurance, this will affect your policy. If you do NOT have condo insurance, take note! Increased Loss Assessment: The new law requires that your condominium policy provide special loss assessments coverage of at least $2,000. So, if your current policy has a limit of liability of less than $2,000 for Coverage G, Loss Assessments, most companies will automatically increase your limit to $2,000 effective on January 1, 2009, at no additional cost to you.