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This Florida insurance company raised rates 36 percent Will regulators approve it?
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Steve Eppley of Boynton Beach received quite a shock this month from his homeowner’s insurance provider.
He was hit with a $1,000 hike in one year for a home he’s owned since 2006, and he has never filed a claim.
“I calculated it to be a 52 percent increase,” Eppley said. “It’s not fair. What they’re doing isn’t fair.”
What happened to Eppley isn’t uncommon.
Homeowners insurance companies across the state of Florida are giving bad news to their customers with rate hikes between 20 to 50 percent.
Tasha Carter, Florida’s Insurance Consumer Advocate, said as many as 90 companies operating in the state filed for rate hikes last year.
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