Why your homeowner s insurance policy rate shot up and what you can do about it Updated: 1:32 PM EDT May 19, 2021
Why your homeowner s insurance policy rate shot up and what you can do about it
Rates increasing up to 70% for some homeowners Share Updated: 1:32 PM EDT May 19, 2021
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Show Transcript WATCHING WPBF 25 NEWS AT 11:00. DID YOU JTUS GET A BIG SHOCK WHEN YOU GOT YOUR HOMEOWNERS INSURAENC BILL? YOU’RE NOT ALONE LAWMAKERS INSURANCE COMPANIES AND AGENTS ALL AGREE. FLORIDA’S INSURANCE INDUSTRY IS IN CRISIS THE RATES GOING UP AS MUCH AS 70% IN ONE YEAR. SOME PEOPLE SAY I’LL HAVE TO SELL THEIR HOMES. LET’S GET A REPORT TRIER PARKER LOOKS AT THE CAUSES FOR THE RISE AND RATES WHAT’S BEING DONE TO STEM THE RISING COSTS AND WHAT? CAN DO IN THE MEANTIME. HURRICANES HAVE BATTERED FLORIDA FOR YEARS, BUT MANY PEOPLE LIKE JIM BROWN HAVE NEVER PUT IN A CLAIM FOR SO WE’RE SHOCKEDHE WN EYTH GOT THEIR NEW INSURANCE RATES SHOCK AND AWE.
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