Florida Senate Awaits Testimony on Property Insurance Bill

Voting was delayed on a property insurance bill that was proposed in the Florida Senate. The bill for property insurance is in regards to sinkhole claims that are fradulent and excessive.

Home Insurance

The Banking and Insurance Committee won a postponement to hear more testimony. This bill would help insurance companies deny coverage for sinkholes.

Property Insurance

Fradulent claims have possibly caused insurance companies millions of dollars. The three counties with a large amount of sinkhole claims are Paco, Hillsborough and Hernando. The state if Florida has been hit by several Hurricanes and storms and many policy holders are believed to be using this to bilk the insurance company with claims without merit.