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Florida's homeowners insurance crisis has become a nightmare for many homeowners, driving them out of the state. Home insurance premiums continue to increase, with limited competition in the market.
The news about Florida's property insurance market is not particularly sunny these days. Headlines are full of insurers pulling out of the state, premiums shooting up, and homeowners with ...
If they want to reduce the problem in Florida, here are five ways. How to fix Florida's homeowners insurance. 1. Reduce risks and use more self-insurance, so homeowners have more at stake to ...
Home insurance costs are expected to rise by 40% in Florida in 2023; state governments have some power to limit those hikes, or to make cheaper government insurance available, but they cannot ...
The state set up a nonprofit, Citizens Property Insurance Corp, in 2002 to provide coverage for homeowners who cannot find it through the private sector. With 1.2 million policies in force, it is ...
Vinnette Williams in a portrait with a $9759 Citizens Property Insurance Corporation bill that she received for her home in Boynton Beach, Fla, on April 4, 2023.
State regulators have approved new insurance companies to enter Florida’s market. Others are forming, and although companies like Farmers and Progressive recently announced plans to leave or ...
Florida is not alone when it comes to property insurance. One in 13 homeowners across the U.S. are uninsured, according to a recent study by the Consumer Federation of America. That's a little ...