Homeowners Insurance Florida

Hurricanes seem to make insurance prices go up — but in Florida, so does nearly a decade without one. The average premium to insure a home in Florida topped $2,000 for the first time and more than doubled the national average, a new report shows. The Florida homeowners insurance market is the strongest it has been in 10 years. Florida companies, which make up a majority of this market, have built $4.5 billion in surplus, $16 billion in reinsurance capacity and renewed profitability that has created Florida homeowners concerned about the rising cost of their flood insurance are being encouraged by the state to find out whether a policy written by a private company can save them money. So far, shoppers will find only a few companies competing with the ST. PETERSBURG, Fla., June 28 — Harold Polsky and his wife, Barbara, moved to Port Richey, Fla., in 2002 with plans to retire. Now they find themselves in a hurricane-damaged home, spending half their income on a mortgage and skyrocketing insurance rates. As has been widely reported, a man died in Florida recently when a sinkhole opened up underneath his home. While this is an unusual occurrence, more and more dangerous sinkholes are appearing. While they seem to be occurring most frequently in the Florida Jan. 24--Hurricanes seem to make insurance prices go up _ but in Florida, so does nearly a decade without one. The average premium to insure a home in Florida topped $2,000 for the first time and more than doubled the national average, a new report shows. .

I didn't think it was possible to screw over the few homeowners left in Florida that haven't been foreclosed on, short saled, or evicted, but "yes" there's something else that can be done and is being done right now, in the hurricane season. I'm talking The Florida Office of Insurance Regulation has relaunched an online system that allows consumers to compare pricing on homeowner insurance. The new system, called the Consumer HomeOwners Insurance Comparison Electronic System (CHOICES), allows consumers to Ten years have passed since four hurricanes pummeled Florida. Also pummeled was the state's insurance industry. Thousands of homeowners lost coverage as major carriers shed riskier policies and focused on safer areas. Rates skyrocketed for millions of That's according the National Association of Insurance Commissioners. The sunshine state is the only one where the home insurance on average costs more than two-thousand dollars a year. The fact that we are a coastal state is behind high cost. Louisiana .

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