If you live in Florida, you've undoubtedly seen your home insurance rates spike over the last three years as the state suffers through an unprecedented insurance crisis.
If you live in Florida, you've undoubtedly seen your home insurance rates spike over the last three years as the state suffers through an unprecedented insurance crisis.
To recoup money lost because insurers failed, the Fla. IGA OK’d a 1.3% assessment on all state policies, including homeowners, aircraft, flood, malpractice and more.
Insurance customers across the state will pay two surcharges to cover claims and litigation costs left behind by the failures of three insurance companies over the past six months. Experts worry that more are on the way, further stressing already cost-burdened homeowners.