Liquidation Date: March 14, 2022
Claim Deadline: March 14,2023
Effective March 14, 2022, Avatar Property & Casualty Insurance Company (“Company” or “Avatar”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”) is the court appointed receiver for the Company. Copies of the Liquidation Order and other relevant information are available on the Department’s website, https://www.myfloridacfo.com/division/receiver/.
With the entry of the liquidation order, the Florida Insurance Guaranty Association (“FIGA”) has been activated to help pay outstanding Florida claims for property and casualty policies. The processing and payment of covered claims will be made by FIGA (subject to the lesser of policy limits or FIGA’s maximum cap). The maximum amount FIGA will cover is generally $300,000 per claim. An additional $200,000 is available for structures and contents on homeowners’ claims. No claim will be paid in excess of this cap. For more information on FIGA’s claim handling see the FAQ section of this website.
Until further notice, policyholders with questions regarding Avatar should continue to visit the company’s website at https://www.avatarins.com/ or contact the company directly at (813)514-0333.
Return of Unearned Premium:
FIGA will pay unearned premium claims after the Receiver completes its processing of the policy records and sends the unearned premium records to FIGA. The Department projects the unearned premium records to be transmitted to FIGA by May 31st. FIGA will begin the disbursement of unearned premiums within two to three weeks from receiving the records from the Department.
For questions regarding the receivership, consumers are asked to contact the Receiver by using the “Contact Us” form at the Receivers website, www.myfloridacfo.com/division/receiver or call the Florida Department of Financial Services at (800) 882-3054.