Are You a former Southern Fidelity Insurance Customer?

As of July 15, 2022, all Southern Fidelity insurance policies are canceled. If you are a former Southern Fidelity Insurance customer, Harris, Reed & Seiferth Insurance Group can help with the transition. Simply call 561-768-8176 for assistance.
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Below find everything you need to know about this change and how we can help you transition to another policy that meets your needs.

Liquidation of Southern Fidelity Insurance Company

On June 15, 2022, Southern Fidelity Insurance Company (“SFIC”) was ordered liquidated by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department”) is the court appointed Receiver of SFIC. A copy of the liquidation order for SFIC is available on the Department’s website, www.myfloridacfo.com/division/receiver.

Please be informed that:

• ​Except for flood policies, SFIC insurance policies are cancelled effective 12:01 a.m., July 15, 2022, unless otherwise terminated prior to that date.
• The deadline for filing claims in the SFIC receivership proceeding is June 15, 2023.

FLORIDA POLICIES:
Citizens Property Insurance Corporation (“Citizens”) may be able to offer coverage. Citizens is prepared to write eligible policies if, after a good-faith search, agents cannot find coverage in the private market. 

Because of hurricane season and the short time between the liquidation of Southern Fidelity and the policy cancellation date, Citizens is working to make this easier. Citizens is prepared to:

• Upload your Southern Fidelity data directly into PolicyCenter, which will help expedite the completion of a new business submission to Citizens if needed
• Allow deferral of 4 Point, Roof Certification and Wind Loss Mitigation inspections for up to 1 year.
• Continue quarterly payment plans, which will allow the policyholder to initiate coverage with a 40% down payment while they await to receive any unearned premium due from the Florida Insurance Guaranty Association.

Open Claims:
If the insured property has unrepaired damage, property owners will need to take steps to repair it, have a contract for repairs, or otherwise demonstrate insurability. Submitted applications unbound for approval must include the following documentation:

• A description of damage
• Photos of the existing damage
• Acceptable documentation reflecting when the repairs will be completed
• An Existing Damage Disclaimer signed by the applicant

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Call Us Today For An Affordable, Quality Policy
Harris, Reed & Seiferth Insurance Group can help you transition to an affordable, quality insurance policy that meets your needs. Please call us at 561-768-8176 and reference your SFIC policy so that our agents can assist you.