Rising home insurance rates in Florida could be driving people away. What’s happening:

In November 2023, the home insurance market in Florida is in a state of flux, with many insurers leaving the state or going bankrupt and new companies coming in. Citizens Property Insurance, created in 2002 as the insurer of last resort, has become a popular option for homeowners due to its cheaper rates. However, Citizens has recently sent out 300,000 depopulation letters to some policyholders, offering the option to transfer their policies to private companies.

Continue to full article

Share the Post:

Related Posts

Featured Properties