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These mistakes keep insurance costs high and homes unprotected

These mistakes keep insurance costs high and homes unprotected
sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.

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Home insurance cost growth slows. Some predict decreases next year.

Home insurance cost growth slows. Some predict decreases next year.
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Home insurance cost hikes slowed at the end of 2023. Some say the crisis may be nearing its end

Home insurance rates in Florida far outpaced inflation over the 18 months that ended on Dec. 31, but the rate of increase slowed in the fourth quarter of 2023 to its lowest point of the period. And many insurance insiders are optimistic that rates will continue to stabilize this year and next, barring a big costly you-know-what. According to an analysis by the South Florida Sun Sentinel of .

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Home insurance cost growth slows. Some predict decreases next year.

Home insurance cost growth slows. Some predict decreases next year.
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Citizens Insurance must lower rates for 50,486 customers next year

There's some good news for South Florida customers of Citizens Property Insurance Corp.: State insurance regulators have ordered the company to reduce rates for tens of thousands of homeowners in Broward, Miami-Dade and Palm Beach counties who wouldn't have qualified for the reductions under Citizens' original rate-hike proposal.

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