Posted on 2/27/2017 3:00 AM By Florida Peninsula Insurance Company
According to the National Information Crime Bureau (NICB), Florida is among the top 5 states, next to California, Michigan, and New York, with the highest rate of questionable insurance claims (QCs). QCs are claims which NICB member insurance companies refer for closer review and investigation based on one or several indicators in which the claim may be fraudulent.
Water damage claims made by homeowners can, at times, be a major red flag. This type of claim is easy to create, fabricate and allege repairs. When there is a long period of time between loss and report, or when the claim is reported within the first 90 days of the policy's inception, can be cause for concern.
A red flag could also be raised if there are inflated/exaggerated invoices, invoices for excessive equipment to repair the damage, disposing of the damaged materials before inspection, etc.
Florida Peninsula Insurance Company strives to keep our rates low and takes insurance fraud extremely seriously. One way we ...
Posted on 12/20/2016 4:16 AM By Florida Peninsula Insurance Company
Florida Peninsula Insurance Company is excited to announce their ranking as the seventh largest insurance company in the state, according to the South Florida Business Journal's list of the Top Property & Casualty Insurance Companies in Florida.
As one of Florida's top homeowners insurance companies, our number one priority is the safety of you and your family. As such, Florida Peninsula provides our insureds with coverage rich policy, as well as offering flood protection and partnering with insurance professionals throughout the state who can ensure you have the coverage you need. If you are in the market for a home insurance quote, give us a call at (877) 229-2244 or visit the get a quote section on our website.
Posted on 6/1/2016 5:37 AM By Florida Peninsula Insurance Company
The Atlantic hurricane season begins today, June 1st. Florida has been incredibly lucky in the past ten years, as fewer storms and no major hurricanes have made landfall. This calm has allowed Floridians to become complacent with hurricane readiness and storm preparation plans. However, a single storm can have devastating consequences and cause major disruptions, as was the case of hurricane Wilma in 2005, which resulted in $29.3 billion in damage and the single largest power outage in Florida's history when it made landfall, catching residents off-guard and unprepared. Over 97% of affected residents lost electricity and were forced to stand in long lines to obtain basic needs - including water and ice. Our streak of good luck is sure to run out, and when it does, we must be ready to face any weather-related hazards.
Weather service and government agencies are attempting to promote hurricane preparedness and safety awareness via the social media campaign #HurricaneStrong, a new public outreach campaign ...
Posted on 1/12/2016 7:29 AM By Florida Peninsula Insurance Company
Florida Insurance Commissioner Kevin M. McCarty has announced he will be resigning from his position on May 2, 2016.
Posted on 12/7/2015 6:30 AM By Florida Peninsula Insurance Company
South Florida Business Journal ranks Florida Peninsula the sixth largest Property & Casualty insurer in Florida.