Division of Rehabilitation and Liquidation
What is the current status of my policy with HomeWise?
HomeWise, prior to the liquidation, arranged for policies to be transitioned to other insurance carriers. Effective November 1, 2011 at 12:01 a.m., all Louisiana policies were assumed by Lighthouse Property Insurance Corporation. At the same date/time, all Florida policies were assumed by Homeowners’ Choice Property & Casualty Insurance Company (“Homeowners’ Choice”). Although all Florida policies were assumed by Homeowners’ Choice, the policyholders were given the option of opting out of the assumption and remaining with HomeWise. The deadline for opting out was December 7, 2011 at 11:59 p.m. All policyholders were mailed notices from the assuming companies regarding these assumption agreements and any action(s) they needed to take to confirm their continued coverage.
Will HomeWise policyholders receive a written notice from HomeWise or the Receiver about the status of their policy?
Given that there are no reported in-force HomeWise policies, the Receiver has no plans to notify policyholders at this time.
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