Many Floridians are having a harder time getting homeowners' insurance. Not only have premiums been rising faster than before, but simply finding the right insurance for your needs—or a carrier that will work with you—is becoming more difficult across the state.
Every homeowner, condo owner, or renter should have a home inventory list. Even though no one expects to lose their possessions, the truth is that you never know when a disaster or burglary could occur.
According to a new report commissioned by insurers, lawsuit-reform groups, and state representatives, it's primarily an out-of-control litigation economy that is causing Florida's insurance market to be pushed to the brink of collapse.
It may not be a surprise that Florida homeowners already pay some of the highest insurance rates in the country. Unfortunately, they will also need to prepare for further increases in their premiums beginning on the next policy renewal. Here are some of the reasons contributing to the inevitable rise of insurance costs here in the Sunshine State.