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As with any major purchase, shop around
to make sure you get the most for your money. First, find
out if a given company holds a license to conduct business
in Florida. Be sure to get the insurance company's full
legal name and call the DFS Consumer Helpline toll-free at
1-800-342-2762.
When selecting an insurance company, also
check a company's rating. Most mortgage companies will
require at least a minimum rating. Several organizations
publish insurance company ratings, covering a number of
elements such as company history, financial data (including
assets and liabilities) and management operations.
Rating organizations include A.M. Best
Company, Duff & Phelps, Standard & Poor's, Weiss Ratings
Inc., Moody's Investors Service and Demotech. Their
publications are available in your local library or on the
Internet.
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