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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.
That issue was one of the reasons cited by insurance companies leaving Florida according to the Insurance Commissioner Michael Yaworsky. [37] In August 2023 FOIR announced that Mainsail Insurance Company from Texas was approved to operate in Florida. They also disclosed that 280,000 of Citizen's policies were approved for assumption by several ...
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 ...
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 ...
How to compare home insurance rates. While the core purpose of homeowners insurance is consistent regardless of the home insurance company you choose, every provider is unique in its policy ...
KNOW MORE: High costs force some homeowners to choose: Drop insurance, sell or leave Florida And the trend is being fueled by the fast increase of insurance costs in the state, the nation’s highest.
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