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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.
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 ...
Thanks to mounting hurricane losses, home insurance premiums in Florida have risen an astonishing 300% in the last five years, according to the financial news site Benzinga. Residents there now ...
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.
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 ...
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