Three new property and casualty insurers have entered Florida's market: Builder Reciprocal Insurance Exchange, Frontline Insurance Reciprocal Exchange, and Wingsail Insurance Company. Builder Reciprocal focuses on homeowners' multi-peril insurance for new or newer home communities. Frontline offers various coverages across all 67 counties. Wingsail expanded multi-peril homeowners coverage....
The first of four town halls on homeowners insurance in St. Lucie County addressed Florida's insurance crisis. State Rep. Dana Trabulsy and attendees discussed rising rates, with one reporting an increase from $1,900 to $5,900. Tasha Carter noted litigation and hurricane claims strain insurers, but recent reforms show promise. Continue to full article...
Insurance bundling offers savings, but it's less available in Florida due to market conditions.Florida homeowners typically can't bundle home and auto insurance, limiting potential 20% savings. In Florida, homeowners pay about $6K yearly, significantly higher than the national avg....
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