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M. Friedman has paid for property insurance on his Coral Gables home for 17 years — but he’s now debating whether it’s still worth it in the face of rising insurance costs across Florida.
The price of home insurance has skyrocketed to an average of $2,285 a year. But smart homeowners can save up to $980 a year – here’s how This article provides information only and should not ...
Research shows 15% to 20% of Floridians are forgoing home insurance. Many Florida homeowners are self-insuring amid surging costs — but can they afford to risk paying for a 'catastrophic' loss ...
The consumer advocacy group also found that 22% of Native American, 14% of Hispanic and 11% of Black homeowners have no homeowners insurance, leaving them more at risk than white homeowners. Age ...
Insurance companies are required to give homeowners a certain amount of notice before dropping their policy, and the range of time (usually between 30 and 60 days) varies by state.
This says that if a homeowner fails to purchase coverage for at least 80% of the home's total replacement value, the homeowners insurance company only has to pay a proportionate amount of the damages.
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