bauknight insurance of hernando

bauknight insurance of hernando
bauknight insurance of hernando is listed in the Insurance category in Spring Hill, Florida. Displayed below are the social networks for bauknight insurance of hernando which include a Facebook page, a Google Plus page, a Pinterest page and a Twitter account. The activity and popularity of bauknight insurance of hernando on these social networks gives it a ZapScore of 93.

Contact information for bauknight insurance of hernando is:
10488 Spring Hill Dr
Spring Hill, FL 34608
(352) 686-0612
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texting and driving?…

Auto accidents increasing in Florida due to distracted drivers... and by association, so are auto insurance rates. Distracted driving has always caused accidents. In the past, reaching for the radio, lighting cigarettes, looking away during conversations, all these things caused people to take their attention off the road where it belonged. With the advent of cell phones and especially smart phones, things have changed dramatically. Now it is the norm for people to text, watch videos, and fiddle with their phones during driving. One major auto insurance company (state farm) claims that 36% of drivers text and drive. How serious is the problem? According to the National Highway Traffic Safety Administration, 40,000 american died last year in auto accidents, and distracted driving caused 9% of these deaths. This resulted in 3600 deaths due to distracted drivers. What was the total cost in property and injuries is unknown. What is known is that auto insurance premiums have increased Nationwide auto insurance has gone up 16% since 2011, and in Florida we have seen much more dramatic increases. Auto Insurance rates reflect many things including the cost of repairs, the cost of medical care, auto theft rate, and the frequency and severity of accidents. Of these factors, we can all affect the last one. Put the phone down and text the person on the line when you stop the car. It may save your life or the life of someone your love. ISU Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and ISU Bauknight Insurance, 10488 Spring Hill Drive, Spring Hill, Fl 34607 (352)-686-0612. They also offer coverage throughout Florida on their website or by calling them direct.

Demotech suspends their Florida Insurance rating model and warns that 10 -15 of their 57 rated property insurance carriers writing in Florida will be downgraded. Okay, what does this mean, and who the heck is Demotech? To understand who Demotech is and why this is significant, one needs to understand what it means to have an A rated Insurance company. Before the Florida property Insurance crises, companies were typically rated 'A', 'B', 'C', or not issued a rating by a company called AM Best, a company with the purpose to review insurance carriers and offer an independent review of their finances and operations as it relates to their ability to meet their obligations. If your carrier was not A rated, it was generally unacceptable by Mortgage companies. After Hurricaine Andrew, most companies left Florida. Those remaining were not "A" rated by AM best, including major companies' subsidiaries like State Farm and Allstate who had formed seperate companies for Florida only. Demotech is an alternative rating company that came in and in some opinons, gave A ratings to companies that did not earn it. In fact, some Florida companies with demotech A ratings have gone bankrupt. However the mortgage companies generally accepted this rating because, well, these were typically the only companies writing property insurance in Florida and of course they did want to sell mortgages to Florida homeowners. it remains a touchy situation. Fast forward to 2016 which had volatile weather and has caused Demotech to have concern for some of the 57 carriers they rate. in addition, major court cases unfriendly to insurance companies has caused Demotech to rethink their rating model: "Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led Demotech to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 annual reports that could indicate unfavorable results for many.....[2016 catastrophes] eroded their surplus and after that had been eroded there was the Johnson and Sebo cases,” he said. “No one is in danger of going under, but that being said we have standards that are higher than just not going under.” So what does this mean? It means that some property (homeowner) companies are not as financially healthy coming into 2017 as they were in 2016, and Demotech will be publishing a list of these companies they will downgrade. We will publish that list here when it comes available. While we as an agency have no faith in Demotech's ability to predict financial stability, we do take notice when they downgrade a company. It's as if the teacher in school gives out almost all A grades, but gives one kid a C, it causes one to wonder just how bad the kid with a C performs. If your company shows up on this list, you may run into issues with your bank accepting it. We are in a position to help you here, because we represent many homeowner Markets. Call us at 352-686-0612 if you find yourself in this situation. ISU Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and ISU Bauknight Insurance, 10488 Spring Hill Drive, Spring Hill, Fl 34607 (352)-686-0612. They also offer coverage throughout Florida on their website or by calling them direct.

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