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The percentage of uninsured homes in the U.S. has spiked from 5% in 2019 to 12% in 2023, per the Insurance Information Institute (III) — with homeowners fleeing from a dramatic rise in the cost ...
According to Bankrate, as of July, the average annual premium for insurance in Florida is $5,533 for a $300,000 home — two-and-a-half times the national average of $2,230. Some cities in the ...
Homeowners insurance in Florida increased about 40% year over year in 2023—and a whopping 102% during the past three years, according to the Insurance Information Institute. Florida insurance ...
One unique feature of Florida's homestead exemption is that it attaches to proceeds from the sale of a home if the homeowner intends to use those proceeds to establish a new Florida homestead within a reasonable time. Therefore, if the owner of a $1,000,000 home sells that home and puts the money in a bank account, that money is still protected ...
Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...
The corporation could insure homes valued at up to $1.5 million, instead of the current $1 million, and annual rate increases in those counties would be capped at 10%. SB 802 / HB 655 ...
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