This can be the start that can wreck our summer months....
Florida's military retirees are hit hardest by the latest insurance shockwave - two low-cost national home writers are dropping policies in the hurricane-prone state. Blaming state politics as much as hurricane risk, U
nited Services Automobile Association says it will drop coverage for 27,000 second-homes owned by retired military, and issue new coverage in Florida only to active-duty members. It currently is the state's sixth-largest private insurer, with more than
280,000 policies.
The smaller Armed Forces Insurance Exchange, with fewer than 8,000 policies, is discontinuing coverage in high-risk areas of the state, including such military retirement havens as Brevard County.
USAA has 7,327 policyholders in Brevard County, 5,977 in Escambia and 4,739 in Santa Rosa counties, 2,721 in Lee and 1,853 in Leon counties.
AFIE has 596 policyholders in Brevard, 60 in Collier, 347 in Escambia and 170 in Santa Rosa, 103 in Lee and 70 in Leon counties.
Anyone affected by USAA and AFIE bail-out?
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Florida Two insurers drop all policyholders but servicemen, women
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