Florida homeowners face steep insurance premium increases due to high hurricane exposure, costly litigation, and rising reinsurance costs. Insurers raise rates based on statewide risks, property factors like roof condition and replacement value, and updated underwriting rules. Some increases result from coverage changes or errors. Reviewing policy details and seeking legal advice can help determine if a...
Thomas Homes, a prominent Fort Lauderdale general contractor, is addressing the growing concern over the soaring home insurance costs in Florida. Factors such as increased weather-related risks, catastrophic events, legal environment, demand for coverage, and regulatory changes have all contributed to the rising insurance premiums. Thomas Homes is committed to working with homeowners, industry...
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