SURF CITY — Residents and businesses in Surf City are in safe hands with the local fire department, which recently earned a lower Insurance Services Office…
Crisis in Florida homeowner insurance market grows
Thousands of customers will be dropped in coming weeks
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DAVIE, Fla. – The storm clouds over Florida’s home insurance market continue to grow ever darker.
Three more companies have now been approved by the Florida insurance commission to drop more than 50,000 customers, some in a matter of weeks.
In the next 45 days, University Insurance Company of North America will drop more than 13,000 customers and Gulfstream Property and Casualty will cancel over 20,000 policies.
Southern Fidelity Insurance Company was approved to non-renew nearly 20,000 homeowner policies over the next 14 months.
“There are already some insurance companies that have declared bankruptcy. They’re already out of the business here in Florida, some of them have been canceling the policies, some of them are not renewing, some of them are just leaving the state,” said Mauricio Giraldo of Horizons Insurance and Financial Services in
Florida Legislature takes aim at rising home insurance rates
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Homeowner insurance rates are going through the roof
BROWARD COUNTY, Fla. – Florida’s real estate market is facing sticker shock and we’re not just talking about property prices.
Homeowner insurance rates are going through the roof, led in large part by abuses in laws intended to protect homeowners.
Years after any storm has even come close to Florida, homeowners here and across the state are filing damage claims and getting entire new roofs seemingly “free” to them but at a major cost to all property owners in the Sunshine State.