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Flor Insurance Agency

Insurance, United States, Florida, Miami

Protecting your future with personalized insurance solutions. Trust Flor Insurance Agency for expert advice and exceptional customer service.

About Flor Insurance Agency

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.florinsurance.com
Location Address Official Phone Email
United States of America, Florida state 123 Main Street, Miami, FL, United States **** ****
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FAQs – Flor Insurance Agency

Where can I access NAIC reports and resources?

NAIC reports and resources are available on its official website (www.naic.org). The site offers consumer guides, regulatory updates, financial reports, and data on the insurance industry to assist regulators, insurers, and the public.


Can I use any veterinarian with pet accident insurance?

Most pet insurance providers allow you to visit any licensed veterinarian, emergency clinic, or specialist, then submit your claim for reimbursement.


What is Medigap (Medicare Supplement Insurance)?

Medigap is private insurance that helps cover out-of-pocket costs from Original Medicare (Parts A and B), such as deductibles, copayments, and coinsurance. There are 10 standardized plans, but they do not cover prescriptions, long-term care, or dental/vision services.


How does moral hazard differ from adverse selection?

Moral hazard occurs after an insurance policy is issued and leads to riskier behavior by the insured. Adverse selection occurs before policy issuance when high-risk individuals are more likely to purchase insurance, increasing costs for insurers.


Can adverse selection exist in credit markets?

Yes, lenders may unknowingly extend loans to high-risk borrowers who are more likely to default, leading to financial losses and higher interest rates.


How do regulatory authorities prevent fraud in the insurance industry?

They set strict compliance standards, require financial disclosures, conduct inspections, and investigate suspicious activities. Some also collaborate with law enforcement agencies and use data analytics to detect fraudulent practices.


Is Marine Liability Insurance required by law?

In many countries, Marine Liability Insurance is mandatory, especially for ships involved in international trade. International conventions like the International Maritime Organization (IMO) often require minimum liability coverage.


Does liability insurance cover damage caused by uninsured drivers?

No, liability insurance does not cover uninsured drivers, but you can purchase uninsured/underinsured motorist coverage for added protection.


Comprehensive Market Research

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