DNC: Under DeSantis, Florida Property Insurance Rates Expected To Increase By Up To 50%
While
WFLA:
By
* The Sunshine State, home to more than 22 million people, has an affordability problem when it comes to housing--not just for buying a home or finding a place to rent. Protecting your home can also be expensive.
*
* Speaking with WFLA.com, Rollins said in the past three years, policy rates have gone up 100% for Floridians, and the rate increases aren't stopping. He said the industry, as well as various state officials, are expecting premiums to go up between 40% to 50% or more in June.
* Despite two special sessions of the
* None of the legislation passed in the special sessions on property insurance directly address the rates paid by Floridians. Instead, the legislation focused on making the insurance business climate in
* As more property insurers have left the state's market, the state's so-called insurer of last resort has seen a growth in its policy volume, filling that gap.
* A
* Policy concentration of a different nature is also impacting Floridians. Multiple property insurance providers have left the
* The rates themselves are costly, with
* A report on property insurance stability by the
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Original text here: https://democrats.org/news/under-desantis-florida-property-insurance-rates-expected-to-increase-by-up-to-50/
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