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Division of Agent and Agency Services
  

Notice of Rehabilitation of HomeWise Preferred Insurance Company


On September 2, 2011, HomeWise Preferred Insurance Company ("HomeWise Preferred") was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court appointed Receiver of HomeWise Preferred. The company consented to the receivership.

During rehabilitation, the Receiver will continue to process and pay claims in the ordinary course of business to the extent possible. HomeWise Preferred's policies are not cancelled by the court order. However, the company ceased writing business effective September 2, 2010 with the consent of the Florida Office of Insurance Regulation and has no active policies.

Background Information:

HomeWise Preferred is a property and casualty insurance company located in Tampa, Florida. It was licensed in Florida in 2006. The company is currently licensed in three states – Florida, Texas, and South Carolina – and primarily wrote homeowners' insurance coverage. The company has no active policies. HomeWise Preferred is an affiliated company of HomeWise Insurance Company. HomeWise Insurance Company is an active insurance company which is not in receivership.

Consumer/Claim Calls:

Until further notice, consumers with questions regarding HomeWise should visit the company's website at http://homewiseinsurance.com/ or contact the company directly as follows:

HomeWise Preferred Insurance Company – Direct Contact Information:

General Information: 813-418-5570
Claims (all States): HomeWise Preferred Claim Services: 1-866-496-1782

For any other questions, consumers are asked to contact the Receiver by using the "Contact Us" form at the Receiver's website, www.MyFloridaCFO.com/Receiver or call the Florida Department of Financial Services, as Receiver, at 1-800-882-3054 or (850) 413-3081. Copies of the Rehabilitation Order and other relevant information are available on the Receiver’s website, www.MyFloridaCFO.com/Receiver.


September 2, 2011