Inflation has rendered thousands of Florida homes and condos ineligible for coverage by Citizens Property Insurance Corp., the state-owned “last-resort insurer.” Owners of Citizens-insured homes with replacement values in the $500,000 to $600,000 range received notices of non-renewal just a few years ago, forcing them to seek far-more expensive coverage in the unregulated surplus lines… Continue reading As Home Values Soar, Calls Grow to Increase Citizens Insurance Eligibility Cap to $1M Statewide
Tag: Florida homes
More than 650,000 Homes Vulnerable to Damage from Hurricane Dorian: CoreLogic
More than half a million homes along the east coast of Florida are at potential risk of storm surge damage in the wake of Hurricane Dorian, according to CoreLogic CoreLogic determined the total number of homes exposed to storm surge damage in the path of the storm. It also measured the reconstruction cost value (RCV),… Continue reading More than 650,000 Homes Vulnerable to Damage from Hurricane Dorian: CoreLogic
Hurricane Dorian Cone of Uncertainty Aims at 668,052 Homes Exposed to Storm Surge Damage, Early CoreLogic Analysis Shows
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 668,052 single-family and multifamily homes along the east coast of Florida with a reconstruction cost value (RCV) of approximately $144.6 billion are at potential risk of storm surge damage from Hurricane Dorian based on its projected Category 3 status… Continue reading Hurricane Dorian Cone of Uncertainty Aims at 668,052 Homes Exposed to Storm Surge Damage, Early CoreLogic Analysis Shows