Florida Home Insurance News

Recently, Florida Atlantic University pollsters asked Florida residents who was most responsible for the high cost of insurance in the state, Not surprisingly, the majority put the blame squarely on Republican Gov. Ron DeSantis. While DeSantis absolutely

Florida homeowners have suffered in recent years as the cost of insurance skyrocketed. Unfortunately, there is a good chance rates will continue to climb in the future due to several reasons which include severe weather that leads to costly natural disast

As new property insurance companies move back into the Florida market, homeowners are shopping for new policies. Almost a dozen new insurers have started selling policies in Florida, with Trident Reciprocal Exchange, being the latest after it was announce

Recently, the Florida Office of Insurance Regulation, approved nine private insurers to take over policies from Citizens Property, the state insurer of last resort. Local experts say the taking over of policies by private insurer is a sign that the states

Recently, the Florida Office of Insurance Regulation (FOIR), met to discuss raising the rates charged by Citizens' Property for homeowners insurance. Citizens, which is both the insurer of last resort and the largest insurer in the state already raised ra

Hurricane Debby has caused significant damage across Florida, leaving many homeowners in urgent need of financial and material assistance. The Federal Emergency Management Agency (FEMA) provides essential support for disaster survivors, including grants f

Florida residents are still paying some of the highest homeowner insurance rates in the country and prices keep going up, resulting in some homeowners dropping coverage altogether and risking financial ruin if their home is damaged or destroyed. Unfortuna

Lightning related insurance claims have been climbing in recent years. In 2023, there are over 70,000 lightning claims and insurers paid out over $1.2bn in insurance claims that were related to lightning according to the Insurance Information Institute (T

According to a recent survey by Redfin and Zillow data, roughly 12% of Florida homeowners are planning to move out of the state due to rising insurance costs. This is twice the national rate of 6.2% according to the data. Florida has been experiencing

Florida homeowners may be in for a surprise when they receive their insurance renewals. While premiums have been rising in Florida for years, making it one of the most expensive states in the country for homeowners coverage, this time, insurers are raisin

According to Miami-Dade County Mayor Daniella Levine Cava, “homeowners and business owners in unincorporated Miami Dade will receive a 35% discount on their flood insurance premiums." The discount is due to the installation of a pump station at

Florida homeowners have suffered through quite a bit when it comes to homeowners insurance and recently Nationwide added another headache to the mix. Nationwide is notifying many policyholders that they will not be renewing their policy. Nationwide was j

A recent poll in Florida found that a shocking number of homeowners have seen their insurance rates head up over the last year. The poll conducted by Cygnal between Nov. 11 and Nov. 13 surveyed 800 likely Florida voters and found that a miniscule 0.5% of

Great weather, affordable housing and low taxes has had people flocking to Florida for decades. More recently, however, the trend has started to reverse due to high insurance premiums. According to the U.S. Census Bureau a shocking 276,000 people left Flo

If you have recently purchased a home, you will need a homeowners insurance policy. Your mortgage lender will require coverage and even if you paid cash for your home, unless you can easily afford to rebuild or repair you home, you should carry homeowners

Homeowners insurance is a crucial aspect of safeguarding one's property, providing financial protection against unforeseen events like natural disasters, theft, and accidents. In the sunshine state of Florida, however, homeowners often grapple with higher

For many Florida homeowners, the cost of home insurance has been a growing concern. The state is notorious for its susceptibility to natural disasters, primarily hurricanes and tropical storms. Consequently, insurance companies often charge higher premium