Anyone in Florida looking to buy or build a home, or maintain insurance on a home they already own, are likely facing rising costs. Average annual premiums have risen to more than $4,200 a year, which is triple the national average.
Tag: FL homeowners
Governor DeSantis Proposes $114B Budget to Offset Climbing Insurance Rates
Governor Ron DeSantis announced his proposed $114 billion budget on Marco Island Tuesday. He believes it will slow spikes in insurance rates. The governor’s budget proposal calls for reducing some taxes and fees on home insurance bills. The average home insurance policy now is about $6,000 in Florida. So the tax break is about 6… Continue reading Governor DeSantis Proposes $114B Budget to Offset Climbing Insurance Rates
Florida Homeowners Face New 1% Assessment Fee Amid Property Insurance Crisis
Florida homeowners can expect to see another spike in their insurance premiums as more insurers fail or leave the state.