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These lawmakers from South Florida are proposing increasing the cap on the value of homes that state-run Citizens Property Insurance can cover in Monroe and Miami-Dade counties.
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 ...
Additionally, home insurance companies will not be able to deny coverage for homes solely based on roof age if a roof is less than 15 years old and still has five years of useful life left (older ...
Addressing the homeowners insurance crisis in Florida will require greater political will than we have seen in Tallahassee in recent years.. Floridians face skyrocketing homeowners insurance ...
Not all older homes need HO-8 insurance, but many historic homes with old plumbing and wiring will only qualify for this type of coverage. The 10 covered perils under HO-8 insurance include fire ...
Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...
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