TALLAHASSEE, Fla. – June 1, 2009 –Florida CFO Alex Sink today announced that the Department of Financial Services has developed an online Insurance Library to provide Floridians with information on financial and insurance issues. The Insurance Library includes information on hurricane coverage for the season that begins today and ends on Nov. 30.

“The Insurance Library explains terms you are likely to read in your insurance policy or hear in your insurance agent’s office, allowing Floridians to be better informed and prepared so they can get the coverage they need,” says Sink.

The Insurance Library  Go to the site addresses a variety of consumer and insurance issues, from auto insurance to disaster planning. The Department of Financial Services’ Division of Consumer Services created the information, in part, on questions received from more than 300,000 Florida consumers who called last year.

The Insurance Library provides tips and definitions associated with various insurance topics, including disaster preparedness, rates, premium finance companies and workers’ compensation. It also gives detailed explanations of terms used for life, health, home, auto and travel insurance. Clicking on a general topic takes Floridians to detailed categories of information.

Some examples:

• People looking for information about property insurance policies can find information about agents, cancellation/non-renewal, deductibles and more. They can also drill down further to find information about specific types of coverage, such as insuring a home’s contents.

• Floridians enrolled in medical prescription plans can learn more about their discount plans and possible warning signs of fraudulent agreements.

• Boat owners can find information ranging from locating coverage to boat owner responsibilities before and after a storm.

© 2009 FLORIDA ASSOCIATION OF REALTORS®