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Florida Gov. Ron DeSantis last week signed into law a property insurance bill aimed at lowering the state’s skyrocketing homeowners insurance costs and staving off a looming crisis.
Homeowners are eligible for up to $500,000 to buy a new home or repair their primary residence, while renters and homeowners can borrow a maximum of $100,000 to replace their personal property.
Unfortunately, paying off your mortgage doesn’t reduce homeowners insurance premiums. You will no longer be required to carry home insurance as it isn’t legally mandated, but your home will ...
These laws aim to make Florida home insurance more affordable while ensuring enough reserve funds to pay for catastrophic losses. It may take years to know if these changes can stabilize the market.
Floridians pay more for home, flood and auto insurance than the national average. Depending on location and personal characteristics, you may pay over $1,100 more per year than the national ...
More and more homeowners are “going bare,” forgoing insurance altogether, as they see no reasonable alternatives. We found that nationwide more than 6 million homeowners are uninsured.
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