Florida's Office of Insurance Regulation is considering a proposal to increase property insurance rates for Citizens policyholders. The governing board approved an average 14% increase for over a million policyholders in June. The proposed rates include a 13.5% rise for homeowners and a 14.2% increase for condo owners. Citizens aims to become less competitive with the private market, citing fraud and lawsuit costs as reasons for the hikes. If approved, the new rates will take effect in January.
Understanding Florida’s Homestead Exemption: A Guide for New Homebuyers in Miami-Dade and Broward
Buying a new home is an exciting milestone, but it comes with its own set of financial considerations. For residents in Miami-Dade and Broward counties,
August 10, 2026
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