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Florida is not alone when it comes to property insurance. One in 13 homeowners across the U.S. are uninsured, according to a recent study by the Consumer Federation of America. That's a little ...
Another startling fact: six out of the 10 most expensive cities for homeowners insurance are in Florida, “and all have average annual rates above $11,000,” according to Insurify.
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 home insurance crisis may be causing residents to flee the state in droves as premiums skyrocket. Rising home insurance rates in Florida could be driving people away. What’s happening:
However, since the late 2010s, an influx of high-net-worth individuals significantly increased the cost of living, especially housing and private school fees. The UAE went from being the 90th most expensive destination for expatriates in 2013 to the 31st in 2023. [14] As a result, thousands of middle-class workers left the country. [14]
Homeowners in Florida pay $4,419 a year, on average, for insurance on a $300,000 dwelling, according to Insurance.com — which is painfully high when compared to the national average of $2,601.
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