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Florida Home Insurance News

Why are Florida homeowners fleeing rising insurance premiums?
May 01, 2024
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 Need to Watch Out for Rising Deductibles
Feb 11, 2024
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
Miami-Dade Expected to See 35% discount on Their Flood Insurance Premiums
Jan 17, 2024
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
What to do if Nationwide Notifies You of Nonrenewal of Florida Home Insurance
Dec 18, 2023
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
2023 Florida Homeowners Insurance Poll Find Rates Expensive
Dec 07, 2023
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
Homeowners Begin to Move Away From Florida's High Insurance Premiums
Nov 29, 2023
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
Buying a Florida Homeowners Policy for the First Time
Nov 16, 2023
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
Exploring Homeowners Insurance Rates in Florida: A County-wise Analysis
Nov 09, 2023
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
Factors Contributing to High Home Insurance Rates in Florida
Oct 30, 2023
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