Many Florida homeowners struggle to find affordable home insurance, often relying on Citizens, the state's insurer of last resort. Rising costs are attributed to frequent natural disasters and litigation expenses. Top-rated insurers include Amica and Chubb, both noted for customer satisfaction and coverage options. The average annual cost of homeowners insurance in Florida is $2,625, significantly...
Citizens Insurance
Florida lawmakers have begun filing bills for the 2025 legislative session, with a few focused on insurance. Notable proposals include House Bill 13, which aims to change Citizens Insurance to windstorm-only coverage, and Senate Bill 50, promoting tax credits for nature-based coastal resilience. State regulators recommend maintaining current insurance litigation reforms, which are positively impacting...
Starting July 2024, all Florida counties must offer a property fraud alert system to homeowners. Homeowners can sign up for free to receive notifications if there are any attempts to file a deed for their land....