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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.
One study shows 15% to 20% of Floridians dropped their home insurance. ... Car insurance rates have spiked in the US to a stunning $2,150/year — but ... even with Florida's extraordinary prices.
Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...
As of October 2023, new insurance companies have been approved by the state to offer homeowners insurance in Florida. Slide Insurance, TypTap Insurance and others made offers to over 150,000 ...
The $6,000 per year amount is really at the bottom of prices being quoted, with homeowners finding few choices given the reluctance of insurance companies to offer coverage in the area.
What are homeowners in South Florida paying for insurance? Debris from Hurricane Ian is strewn about the front yard of a Fort Myers Beach home Wednesday, Oct. 26, 2022, a month after the Category ...
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