Florida Home Insurance News

Florida's homeowners insurance market has experienced years of volatility driven by hurricanes, rising construction costs, reinsurance pricing, and litigation. As the state moves into 2026, however, signs of stabilization are emerging, bringing potent

Florida's homeowners-insurance market has been through a painful correction over the past several years: huge premium spikes, insurers pulling back or exiting the state, large numbers of non-renewals, and heavy pressure on the state-run insurer Citizens.

Despite the fact that Florida homeowners pay some of the highest premiums in the country, it is unlikely they will be getting a refund from insurers in the state even as the insurance industry moves into profitability after state reforms start to have an

As property insurance reforms have taken effect in Florida, new insurers have entered the marketplace. Recently state regulators approved Viceroy Preferred Insurance to write policies in the state. It also permitted Vision Insurance Exchange, making them

A recent report from Insurify found that Florida is number one in the country when it comes to homeowner insurance non-renewals, adding to the Sunshine States home insurance problems. According to the Insurify data, non-renewals in Florida have almost tr

In the face of severe risk of climate-related disasters such as floods or hurricanes, a team from the University of Florida is helping homeowners in the Sunshine State make better choices to defend their homes by recommended building materials and interio

Florida homeowners may be in for a massive increase in rates if one insurance company manages to get their rate increase request approved by the state. Trusted Resource Underwriters Exchange, otherwise known as TRUE has asked state insurance regulat

As the 2025 Hurricane season, which runs from June 1 to Nov. 30, approaches, homeowner insurance may get harder and more expensive to purchase. While the decade long insurance crisis is stabilizing in the state, Florida is still a tricky state to get affo

Homeowners in Florida are looking for strategies to lower their homeowners insurance cost and some agents are offering a new way for policyholders to save money. Unfortunately, many experts are warning it could be risky, according to a recent Tampa Bay Ti

A Business Insider article, written by a recent home buyer examined the purchase of a home in Florida, looking at the various expenses and other complications that came up after the home was purchased. We thought it might be helpful to have a quick look a

At a recent press event, Governor DeSantis updated reporters on improvements in the insurance market, highlighting the progress that has been made in stabilizing rates, increasing competition with new insurers coming to the market and expanded consumer pr

A bill was recently introduced in the Florida House of Representatives Subcommittee on Insurance and Banking that would require Citizens Property Insurance Corp to offer wind- only policies for all Florida homes and commercial residential structures. The

Residents of the Sunshine State shouldn’t expect homeowner insurance rates to drop in the near future. When Florida lawmakers will head back to session in March, it doesn’t appear that they will be pushing for insurance reform. At the Florida

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