Businesses lose property insurance [South Florida]
Business owners in Gulf Breeze may want to head for higher ground if the property insurance market for the area remains the same. Some carriers are refusing to renew commercial insurance policies or write new ones.
“I had a commercial wind policy and it will not be renewed. I can’t find another carrier,” a Gulf Breeze physician said. Speaking under a condition of anonymity, the physician claimed that his or her business property might go uninsured if no company is willing to issue a policy.
“In my 22 year career, I’ve never had to tell so many people no,” Insurance Broker David Radcliffe said. “I don’t know where to send them.”