Tuesday, February 2, 2016

Insurance problem resolution

Are you experiencing a problem with your Insurance company?
Most of the time Insurance companies return premium and pay claims promptly and fairly. once in a while something goes wrong and you may need assistance. Usually the best source of resolving your issue is to contact your agent and let them intervene on your behalf.
If you do not have an agent and deal direct, you can attempt to contact the company on their phone and try to resolve the issue.
If this doesn't work, you can call the department of financial services consumer "hotline" at 1-877-693-5236.
This number can also be used to resolve agent/consumer disputes or to report fraud or abuse.
Finally, if you have your insurance elsewhere and just want to bounce your issue off of 'your friend in the business', call me personally at 352-686-0612 and I will be glad to talk to you and suggest resolution avenues.
Greg Bauknight
Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and 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.

Monday, January 11, 2016

Florida Insurance Commissioner McCarty to Resign After 12 Years in Job




This was the recent headline of Florida Insurance news. Insurance commissioner Kevin McCarty has resigned citing the opportunity to pursue other jobs. Quoting Mr. Mccarthy:

“I am looking forward to exploring new opportunities that will allow me to use the skills, knowledge and expertise I’ve gained as Insurance Commissioner. In the meantime, I will continue my service and provide whatever assistance is desired to facilitate a smooth transition,”


McCarthy's tenure as the state's lead Insurance regulator has not always been perceived by the Insurance Industry as "insurance company friendly". while many consumers would argue that this is in their best interest, there is always the possibility that some companies that have left Florida may be attracted back if his replacement is perceived to be friendly to their needs and desires. This could potentially be a good result in a State that suffers from a poor competitive environment and the high rates that result.

Mr. McCarthy's job was not an easy one. Florida continues to be a highly volatile place for Insurance companies who are constantly dealing with storms and sinkhole losses, high exposures to catastrophic loss and angry investors. On the other side are consumers who are left dealing with a fickle insurance industry that is perceived as raising rates unfairly and arbitrarily and cancelling policies for no reason. Hopefully the next commissioner can help improve the relationship between consumers, agents and companies.

The staff of Bauknight Insurance wishes Mr. McCarthy much success in the future and thanks him for his service to the Insurance Industry.

Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and 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.

Thursday, December 10, 2015

What are the 2016 safest cars according to the Insurance Institute for Highway Safety?

The Insurance Institute for Highway Safety (IIHS) every year publishes a list of the safest cars in each category based on the following critera:
To qualify for 2016 TOP SAFETY PICK, a vehicle must earn good ratings in five crashworthiness tests — small overlap front, moderate overlap front, side, roof strength and head restraints — as well as a basic rating for front crash prevention.
To qualify for 2016 TOP SAFETY PICK+, a vehicle must earn good ratings in the five crashworthiness tests and an advanced or superior rating for front crash prevention.
Vehicles with optional front crash prevention qualify for either award only when equipped with the technology.
Models that earn TOP SAFETY PICK+ or TOP SAFETY PICK are the best vehicle choices for safety within size categories. Size and weight influence occupant protection in serious crashes. Larger, heavier vehicles generally afford more protection than smaller, lighter ones. Thus, a small car that's a TOP SAFETY PICK+ or TOP SAFETY PICK doesn't necessarily afford more protection than a bigger car that doesn't earn the award.
Looking for a new car? Consider one from the list below:
Minicars
2016 Scion iA
Small cars
2016 Acura ILX
with optional front crash prevention
2016 Chevrolet Sonic
with optional front crash prevention
2016 Kia Soul
with optional front crash prevention
2016 Lexus CT 200h
with optional front crash prevention
2016 Mazda 3
with optional front crash prevention
4-door hatchback | 4-door sedan
2016 Nissan Sentra
with optional front crash prevention
2016 Subaru Crosstrek
with optional front crash prevention
2016 Subaru Impreza
with optional front crash prevention
2016 Subaru WRX
with optional front crash prevention
2016 Volkswagen Golf
with optional front crash prevention and applies only to 4-door and SportWagen models
2016 Volkswagen GTI
with optional front crash prevention and applies only to 4-door models
Midsize moderately priced cars
2016 Chevrolet Malibu Limited
with optional front crash prevention and available only to fleets
2016 Chrysler 200
with optional front crash prevention
2016 Honda Accord 2-door coupe
with optional front crash prevention
2016 Honda Accord 4-door sedan
with optional front crash prevention
2016 Mazda 6
with optional front crash prevention
2016 Nissan Maxima
with optional front crash prevention
2016 Subaru Legacy
with optional front crash prevention
2016 Subaru Outback
with optional front crash prevention
2016 Toyota Camry
with optional front crash prevention
2016 Toyota Prius v
with optional front crash prevention
2016 Volkswagen Jetta
with optional front crash prevention
2016 Volkswagen Passat
with optional front crash prevention
Midsize luxury/near luxury
2016 Audi A3
with optional front crash prevention
2016 BMW 2 series
with optional front crash prevention
2016 Lexus ES 350
with optional front crash prevention
2016 Volvo S60
2016 Volvo V60
Large family cars
2016 Toyota Avalon
with optional front crash prevention
Large luxury cars
2016 Acura RLX
2016 Audi A6
with optional front crash prevention
Applies only to vehicles built after January 2015.
2016 Hyundai Genesis
with optional front crash prevention
2016 Infiniti Q70
with optional front crash prevention and does not apply to V8 4-wheel-drive models
2016 Lexus RC
with optional front crash prevention
2016 Mercedes E-Class
2016 Volvo S80
Small SUVs
2016 Buick Encore
with optional front crash prevention
2016 Fiat 500X
with optional front crash prevention
Applies only to vehicles built after July 2015.
2016 Honda CR-V
with optional front crash prevention
2016 Hyundai Tucson
with optional front crash prevention
2016 Mazda CX-5
with optional front crash prevention
2016 Mitsubishi Outlander
with optional front crash prevention
2016 Nissan Rogue
with optional front crash prevention
2016 Subaru Forester
with optional front crash prevention
2016 Toyota RAV4
with optional front crash prevention
Midsize SUVs
2016 Chevrolet Equinox
with optional front crash prevention
2016 GMC Terrain
with optional front crash prevention
2016 Honda Pilot
with optional front crash prevention
2016 Kia Sorento
with optional front crash prevention
2016 Nissan Murano
with optional front crash prevention
Midsize luxury SUVs
2016 Acura MDX
with optional front crash prevention
2016 Acura RDX
with optional front crash prevention
2016 Audi Q5
with optional front crash prevention
2016 Lexus NX
with optional front crash prevention
2016 Mercedes GLE-Class
2016 Volvo XC60
2016 Volvo XC90
Minivans
2016 Honda Odyssey
with optional front crash prevention
2016 Kia Sedona
with optional front crash prevention
Large pickups
2016 Ford F-150
with optional front crash prevention
Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and 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.

Wednesday, November 25, 2015

Happy thanksgiving to our friends.

Happy holidays to all our friend. I am trying this year to be thankful for all the things going right in my life, to be thankful for the beauty in the world and not think about the ugly things. Most of all, I am thankful for my family and friends, and for the support of the community for Bauknight Insurance. Thank you all.






Bauknight Insurance operates two Counties in Florida, Hudson, FL (727) 863-5641 and 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.

Tuesday, November 10, 2015

CITIZENS CONTINUES TO SHED POLICYHOLDERS

CITIZENS CONTINUES TO SHED POLICYHOLDERS
Through September of 205, Citizens had approved over 1 million take out policies, and actually 172,000 had been removed by the "take out" process. This brought the number to over 1,000,000 million policies removed from citizens and placed back into the private market in the last four years.
Citizens Property Insurance was formed when the Insurance market in Florida effectively collapsed with the goal of providing insurance for those that could not obtain property insurance through the private market. Since no major companies were willing to take the risk, small private Florida-based carriers were formed and these companies have assumed the risk.
These companies are typically not as well funded, have not been around long, and also typically have small claims dept that function by using independent adjusters. However, on the positive, most of them have reinsurance and a philosophy of "spreading the risk". That is, they spread their policyholders throughout Florida using computer models to avoid having too any policies in any one area. The theory behind this is to avoid having to many policyholders in any one area hit by disaster.
On Thursday, November 5, the Florida Dept of Insurance made the following announcement for 2016:
The Florida Office of Insurance Regulation (Office) has approved the removal of up to 127,266 personal residential policies and 3,268 commercial residential/non-residential polices from Citizens Property Insurance Corporation (Citizens). Today’s announcement represents the first take-out for 2016 and the following five companies have been approved to participate:
· Anchor Property & Casualty Insurance Company – approved to remove up to 20,000 personal residential policies (16,030 Personal Lines Account and 3,970 Coastal Account)
· Heritage Property & Casualty Insurance Company – approved to remove up to 55,000 personal residential policies (35,000 Personal Lines Account and 20,000 Coastal Account) and up to 1,500 commercial residential policies (1,300 Commercial Lines Account and 200 Coastal Account)
· Safepoint Insurance Company – approved to remove up to 20,000 personal residential policies (12,000 Personal Lines Account and 8,000 Coastal Account)
· Southern Oak Insurance Company – approved to remove up to 15,000 personal residential policies (10,000 Personal Lines Account and 5,000 Coastal Account)
· Weston Insurance Company – approved to remove up to 17,266 personal residential policies (all Coastal Account), up to 719 commercial residential policies (Commercial Lines Account) and up to 1,049 commercial non-residential policies (Commercial Lines Account)
If you are a policyholder in Pasco or Hernando county and receive a take out letter, you need to seek advice from a licensed agent familiar with the unique problems presented by being a property owner in this area. Call us and we will ask you a series of questions and determine what is in your best interest.
Bauknight Insurance operates two Counties in Florida, Bauknight Insurance, Hudson, FL (727) 863-5641 and Bauknight Insurance of Hernando 10488 Spring Hill Drive, Spring Hill, Fl 34607 (352)-686-0612

Thursday, November 5, 2015

Hurricane Patrick

https://www.youtube.com/watch?v=V2H1M0n2Q14

If a hurricane like this hits Florida, it will destory what is left of the property insurance marketplace.


Hurricane Patricia, the strongest storm ever recorded just hit Mexico last month. Notice how sparsely populated it is where the Hurricane hit? If Florida gets one like this in a densely populated area , it will destroy what's left of the Homeowner/property Insurance Marketplace and bankrupt Insurance Companies and reinsurance firms.

Bauknight Insurance operates two Counties in Florida, Bauknight Insurance, Hudson, FL (727) 863-5641 and Bauknight Insurance of Hernando 10488 Spring Hill Drive, Spring Hill, Fl 34607 (352)-686-0612

Thursday, March 19, 2015

Your Insurance agent

The days of the harassing  insurance agent in the striped suit, briefcase, and pointexter haircut are over.  These days most insurance agents are an integral part of the community and try their best not to bring up the subject of purchasing insurance unless someone does it first.  However, that does not stop this from being funny and maybe the only thing worse would be spending an evening with Woody Allen.


Bauknight Insurance operates two Counties in Florida, Bauknight Insurance, 13041 US Hwy 19, Hudson, FL 34667 (727) 863-5641 and Bauknight Insurance of Hernando 10488 Spring Hill Drive, Spring Hill, Fl 34607 (352)-686-0612