Florida - Market risk with insurance providers jacking up rates or leaving...

[Daniel Netzer]

How concerned are investors/property owners in Florida right now? There seems to be a lot of discussion about an insurability vacuum looming and gaining steam, which would devastate the housing market since affordability and loanability would get hit. 

[Jason Angrist]

The concerns about an insurability vacuum in Florida are certainly on the radar for investors and property owners. The potential impact on the housing market, affordability, and loanability is a concern but shouldn't be a deal breaker as the demand for property still outweighs the supply. Insurance plays a crucial role in property ownership, especially in a state like Florida prone to natural disasters. The looming threat of increased premiums, reduced coverage, or even the unavailability of insurance could indeed pose challenges for both current property owners and prospective investors. It's a situation worth monitoring closely, and many in the real estate sector are keeping a watchful eye on developments in the insurance landscape.

With that said the good news is living in FL is in high demand. Prices have been steady and if you're not in a flood zone there are still competitive rates out there.  I have numerous carriers that I works with and can always facilitate in getting you quotes for you.