Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Southwest Florida Insurance Agency Warns Homeowners Of Flood Insurance Rate Increases
  • USA - English


News provided by

Gulf Coast Educators Insurance

Sep 19, 2013, 03:00 ET

Share this article

Share toX

Share this article

Share toX

Flood Insurance Changes Could Affect Florida Homeowners Insurance Policies
Flood Insurance Changes Could Affect Florida Homeowners Insurance Policies

Naples, Florida (PRWEB) September 19, 2013 -- Gulf Coast Educators Insurance, a Horace Mann Company, announces flood insurance rate hikes coming as soon as October 1, 2013. Under a new federal law homeowners will no longer be able to rely on the federally subsidized flood insurance rate many have come to enjoy over previous years.

Mother nature really took its toll on homeowners over the years so much that now some homeowners are going to be hit very hard.

Post this

The federal government is phasing out subsidies that have kept flood insurance premiums artificially low for older homes that were built prior to the government issuing flood risk zones in the 1970’s. These increases can come as early as October 1, 2013 while others may not see the rate hike until January 1, 2014.

This phase out, which became a federal law last year, is an attempt to help bail out the National Flood Insurance Program that has been in the red for a long time thanks to the massive hurricanes over the years. Ben Finley with the Philadelphia Inquirer reports that according to the Federal Emergency Management Agency the National Flood Insurance Program was $24 billion in debt to the U.S. Treasury as of June 2013 due to flood-loss payouts to victims largely from Hurricane Katrina and Hurricane Sandy.

“For the taxpayer this is going to be a tough pill to swallow. This debt is equivalent to roughly $180.00 per household. Artificially low insurance premiums have really hurt the National Flood Insurance Program, they were in essence working with a false number in the bank. Mother nature really took its toll on homeowners over the years so much that now some homeowners are going to be hit very hard” says Ron DeFreitas, owner/agent of Gulf Coast Educators Insurance, a Horace Mann Company.

DeFreitas explains “Ben Finley with the Philadelphia Inquirer also reports that nationally only about 20% of homeowners who are required to have flood insurance pay this subsidized rate. The real problem for property owners will be those who are looking to sell their home. They will have to disclose these additional flood insurance fees up front therefore potential buyers may be turned away. Different properties will be affected at different times of the year, for example in January 2013 artificially low insurance premiums were terminated for non-primary residences. In October it’s estimated that homes and businesses that have experienced repeated flooding will also be phased out of these artificially low premiums. Several variables including a property’s elevation will be assessed before a home or business is considered exempt from this federal law.”

Gulf Coast Educators Insurance recommends home and property owners call one of their three insurance offices in Southwest Florida to learn more about how this new insurance law could affect them. For some homeowners in high risk flood zones they will lose their subsidies if their home is sold after October 1, 2013.

Gulf Coast Educators Insurance caters to educators in the state of Florida. Non-educators are also invited to call the insurance agents at Gulf Coast Educators Insurance for a competitive insurance rate quote.

DeFreitas explains “A good majority of our clientele are educators in Florida however non-educators also make up a small percentage of our business. We write a lot of home owner and property insurance policies and we also offer auto insurance, motorcycle insurance, RV insurance and even golf cart insurance. Our life insurance policy is also very good. I encourage anybody looking for a competitive insurance quote to call our offices. There are many insurance discounts available for property insurance and auto insurance. If a home is built with proper wind protection features or if you have a clean driving record there are opportunities for certain insurance discounts as it relates to home or property insurance and auto insurance.”

Gulf Coast Educators insurance has three offices in Southwest Florida, in Naples, Port Charlotte and their newest one in Fort Myers. For more information on insurance products and how this new law will affect your home insurance or property insurance policy in Florida consumers are encouraged to call Gulf Coast Educators Insurance at any of their three Florida insurance offices: Naples 239-591-0963, Port Charlotte 941-391-5423 or Fort Myers 239-997-0420 or visit online at: http://www.propertyandhomeinsuranceflorida.com/

Ron DeFreitas, Gulf Coast Educators Insurance, http://www.PropertyandHomeInsuranceFlorida.com, 239-591-0963, [email protected]

Modal title

Review Your Flood Insurance Policy, Rates Could Be On the Rise
Review Your Flood Insurance Policy, Rates Could Be On the Rise
A Flood Could Be Devastating To Your Home, Review Your Flood Insurance Policy
A Flood Could Be Devastating To Your Home, Review Your Flood Insurance Policy
Learn What Your Flood Insurance Policy Will Cover
Learn What Your Flood Insurance Policy Will Cover
Review Your Flood Insurance Policy, Rates Could Be On the Rise A Flood Could Be Devastating To Your Home, Review Your Flood Insurance Policy Learn What Your Flood Insurance Policy Will Cover

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.