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Florida’s home insurance crisis may be causing residents to flee the state in droves as premiums skyrocket. Rising home insurance rates in Florida could be driving people away. What’s happening:
The average cost of a home insurance policy in Florida is $3,340 per year, according to the Insurance Information Institute, a 37% increase from 2021 and higher than the national average. But in ...
Indeed, homeowners insurance in Florida increased about 40% year over year in 2023—and a whopping 102% during the past three years, according to the Insurance Information Institute.
Florida insurance costs three times the national average, which clocks in at $1,759 per year for $250,000, according to Bankrate. While HOA fees can vary greatly from building to building, the ...
Insurance costs are primarily governed by two factors: the risk of occurrence and the asset exposure. With 1,200 miles of tropical shoreline, Florida is uniquely vulnerable to hurricanes and ...
Home insurance rates have soared in Florida, but they are rising in both coastal and inland states as the devastation of climate change sweeps across the nation.
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