CASSELBERRY, Fla. -- Another major insurance company is bailing out of Florida. MetLife policy holders received letters this week. The company says it will no longer renew some home insurance policies.

Marvin and Marlene Kaplan said they've only filed one major claim with MetLife in 24 years. They had to have the roof repaired after the 2004 hurricanes. The company said those claims have cost them too much and, if another big hurricane hit, they would be out of business.

The Kaplans read the letter they received from MetLife this week over and over hoping it's not real. The policy on their Casselberry home will not be renewed when it expires in June.

"We felt betrayed and blindsided by Metropolitan, state of shock," Marvin said.

MetLife said letters are going out to many of its home insurance policyholders in Florida. The company says hurricanes have made it too expensive and risky for the company to continue providing as much coverage in the state.

MetLife couldn't say right away how much it's spent in recent years on claims and wouldn't say exactly how many homeowners will not be renewed. They said the changes also affect homeowners in other gulf coast states and along the eastern seaboard.

Eyewitness News did find out the company insures about one percent of homeowners in Florida.

Two days ago, Eyewitness News reported that State Farm was joining other major insurance companies that have left Florida. The company is dropping 50,000 customers and will not write any new policies after this Friday.

Ironically, Kaplan and his wife found a State Farm agent willing to pick them up.

"I'm not going to forget what happened to me. I have auto insurance with Metro and that may also be jeopardized," Marvin said.

MetLife said it will continue to write auto insurance claims, because it's less risky. MetLife also said they will continue to carry some home insurance policies in Florida, but didn't provide details.