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According to Bankrate, as of August, the average annual premium for insurance in Florida is $5,531 for a $300,000 home — nearly two-and-a-half times the national average of $2,270.
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.
If Tallahassee wants to reduce the problem in Florida, here are five ways to fix the property insurance crisis.
If your monthly income exceeds $2,523/month you still can benefit from Medicaid Diversion by setting up an income trust. This is a legal document and it must be done by an attorney [3] In 2021 there was a waiting list of over 22,000 people for this waiver. [4] Some of the people on the waiting list receive services from the FSL waiver.
SB 348: Insurance Rebate Program for Low-Income Seniors Sponsor: Sen. Lauren Book, D-Davie The leader of the Senate Democrats is also pitching a program to help low-income seniors afford their ...
In homeowners insurance, the 80 percent rule refers to the fact that most insurance companies require homeowners to insure their home for at least 80 percent of its total replacement cost.
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