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Press Release

Governor Crist and Insurance Commissioner McCarty Announce Updated Web site to Shop for Homeowners’ Insurance
Wednesday, August 06, 2008
Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

TALLAHASSEE, Fla. - Gov. Charlie Crist and Insurance Commissioner Kevin McCarty today announced the launch of the updated shopandcompare Web site. The two offices activated this free, online tool in July 2007 to assist consumers looking to acquire or switch homeowners’ insurance coverage.
 
Among the improvements made to the Web site is the addition of average countywide premium examples for a $300, 000 home. Previously, only countywide average rates for a $150,000 home were on the Web site.
 
"You're not necessarily stuck with your current insurer," said Gov. Crist. "Although these rates are only examples, it's still a great way to shop around and compare rates."
 
The other changes include links to other Web sites that list the construction types and wind mitigation features, like shutters, for which consumers can qualify for reduced insurance premiums.
 
"We have licensed over 25 new homeowners insurers since Jan. 2006, and they are hungry for business," said Commissioner McCarty. "Every company's rate and contact information is listed on the Web site and we encourage consumers to shop around for a better rate."
 
An average of 10,000 people visit the Web site every month, and since July 2007, nearly 160,000 people from around the world have used this online tool to compare homeowner insurance rates in Florida.
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Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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