THE chaos in the Florida property insurance market has engulfed most every homeowner in the state, myself included. In the six years that my husband and I have lived in our house in Orlando, our homeowners insurance bill has more than quintupled.
Florida’s vulnerability to hurricanes, problems with fraudulent roofing claims, and regulatory issues are big contributors to the state’s property-insurance crisis. National insurers barely have a presence in the state. Smaller insurers are folding up their tents, refusing to take on new customers or teetering on regulators’ watch lists. The ones that soldier on are charging rates three or four times the national average.
Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
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Denne historien er fra September 2023-utgaven av Kiplinger's Personal Finance.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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