AAA Gets Into The Home Insurance Business

A company known for its car insurance moves into the home insurance business in Florida.
Three Florida AAA clubs have launched the Auto Club Insurance Company of Florida to provide home insurance to people here.
Jim Santo with AAA said they saw an opportunity with other companies leaving the state.
"Wanted to solve the demand with a product that was underwritten by Triple-A. So three of the Triple-A clubs came together and form the new company," Santo said
They have about 5-thousand costumers now, and Santo thinks they can cover nearly 40-thousand.
They will only provide home insurance in Florida.
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