Rising cost of home insurance shows alarming trend: an increase in owners not insuring their homes
The rising cost of home insurance in Florida has led some families to leave the state and others to choose not to insure their homes due to high premiums. This trend is particularly noticeable among retirees. The high insurance costs are also affecting the real estate market, making it difficult for realtors to sell houses and causing some homeowners to no longer qualify for mortgages. As a result, some Floridians are leaving the state, and others are reconsidering moving there. However, recent efforts by state legislators to reduce premiums may eventually lead to a decrease in insurance costs.