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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 ...
Florida’s Insurance Consumer Advocate (ICA) Tasha Carter agrees, saying, “Homeowners insurance options in Florida have become more and more limited, and consumers are facing dire consequences.”
One study shows 15% to 20% of Floridians dropped their home insurance. ... the average annual premium for insurance in Florida is $5,533 for a $300,000 home — two-and-a-half times the national ...
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 ...
Florida's insurance crisis ... Frustration began to brew when her client received a premium quote of $17,000 a year for homeowner’s insurance, even though the current owner is paying just $5,000 ...
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.
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