Outrageous 4x spike in insurance!

[Ann Baker]

Hello, Is anyone else experiencing the outrageous almost 4x cost in the landlord's homeowner's fire insurance? The insurance companies are saying it's affecting all of Florida? What's causing it? Property insurance is now about as much as property taxes!

[David Lambert]

When I read the title of the post my first thought was......bet a paycheck this is about FL. Sorry you are suffering through this. Heading into hurricane season is a tough time to be emergency shopping for a new policy. 

This is a statewide issue that seems primarily caused by fraud and abuse. State lawmakers are finally attempting to address it but their proposed measures do not seem to instill much confidence within the industry. Many homeowners have all together lost their policies and are struggling to find replacement coverage. There have been some other posts on here about the issue and it has been covered heavily in the national news.