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Updated 11 months ago on . Most recent reply

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Andrew Steffens
#4 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
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Finally! Some good news on the FL Insurance Front

Andrew Steffens
#4 Short-Term & Vacation Rental Discussions Contributor
  • Tampa, FL
Posted

It is no secret since Hurricane Ian insurance has been ugly in the Sunshine State!  It has improved a little since the new legislation in Jun 2023, but with 8 more insurers coming in the market I imagine it will be a lot more competitive now:

https://www.wfla.com/news/florida/8-new-home-insurers-can-en...

  • Andrew Steffens
  • [email protected]
  • 813-563-0877
  • Most Popular Reply

    User Stats

    2,304
    Posts
    1,854
    Votes
    Andrew Steffens
    #4 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    1,854
    Votes |
    2,304
    Posts
    Andrew Steffens
    #4 Short-Term & Vacation Rental Discussions Contributor
    • Tampa, FL
    Replied
    Quote from @JD Martin:
    Quote from @Andrew Steffens:

    It is no secret since Hurricane Ian insurance has been ugly in the Sunshine State!  It has improved a little since the new legislation in Jun 2023, but with 8 more insurers coming in the market I imagine it will be a lot more competitive now:

    https://www.wfla.com/news/florida/8-new-home-insurers-can-en...


     I'll have to see how much good it does me later this year when it's time to renew. I had a pretty hefty jump last year (about 33%) and my premiums were still cheap compared to a lot of other people I knew down here. 


     I saw about 50-75% jump from 2021-2023 and now seeing about 30% declines.  Hope these new carriers drop to 2020 levels but I doubt it especially considering the value increases!

  • Andrew Steffens
  • [email protected]
  • 813-563-0877
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