<P> Remarking upon State Farm's pullout from Florida, Ted Corless, a property insurance attorney who has represented large insurance carriers like Nationwide, noted "that homeowners are really going to have to look out for themselves". Five days after Crist vetoed the Consumer Choice Act, Corless defended property insurance deregulation by pointing out that "if the blue - chip insurance companies wanted to price themselves out of the market", then they would go out of business . He accused Crist of making choices on behalf of consumers, not protecting their right to choose . In 2006 the average Florida annual insurance premium was $1,386 for a homeowner, one of the highest in the country . </P> <P> Fire insurance business in India is governed by the All India Fire Tariff that lays down the terms of coverage, the premium rates and the conditions of the fire policy . The fire insurance policy has been renamed as "Standard Fire and Special Perils Policy". The risks covered are as follows: </P> <Ul> <Li> Dwellings, offices, shops, hospitals: </Li> <Li> Industrial, manufacturing risks </Li> <Li> Utilities located outside industrial / manufacturing risks </Li> <Li> Machinery and accessories </Li> <Li> Storage risks outside the compound of industrial risks </Li> <Li> Tank farms / gas holders located outside the compound of industrial risks </Li> </Ul> <Li> Dwellings, offices, shops, hospitals: </Li>

What are the differences between specific and comprehensive property insurance policies