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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 crumbling homeowners insurance market is exposing one of the state’s long-running flaws: its reliance on a single company to certify the majority of the state’s insurers.
Vinnette Williams in a portrait with a $9759 Citizens Property Insurance Corporation bill that she received for her home in Boynton Beach, Fla, on April 4, 2023.
Grants of $1,500 — or $2,500 for those 65 and older — could be used to pay for a mortgage loan or homeowners insurance. Floridians could also apply for grants of equal amounts for an auto ...
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 ...
State regulators have approved new insurance companies to enter Florida’s market. Others are forming, and although companies like Farmers and Progressive recently announced plans to leave or ...
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