Florida homeowners pay more than three times the national average for home insurance, and residents fear that could increase as providers leave the state.
RELATED: Weather events could impact your home insurance rates. Here’s why. https://youtu.be/v7Uoro0Avo8
Another property insurer is dropping coverage in Florida. Farmers Insurance will stop writing new business and not renew its existing “Farmers-branded” automobile, home and umbrella policies in the Sunshine State, the company said Tuesday.
On Monday, Farmers sent notice of its plans to the Florida Office of Insurance Regulation, which is reviewing it. Insurers must give the office 90 days’ notice if they want to discontinue writing business in Florida. “This business decision was necessary to effectively manage risk exposure,” the company said in a statement.
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LOL good bunch of Republican climate deniers love it, pay more y’all earned it
Florida's CFO blames woke. Silliness, insurance companies are leaving all the most climate impacted states.
Desantis is too busy fighting "woke" to be concerned with real problems.
Truly sad.
O boo hoo it’s what you voted for
Wonder how deathsantis blames biden for thisy,
Dont live in a state that's under constant attack by nature and expect the nation to subsidize it anymore🤦🏼♂
Well done DeSantis 😂
Decades of climate change denial by Republicans?
Hurricanes driven by warm ocean water?
Insurance companies concluding that the situation is now untenable?
What did the Bible say about 'reap what you sow"?
Time for Floridians to buy gloves , boots and tools . So that when disaster hits youll be ready to rebuild your house. No contruction workers ,the legal ones will charge you an arm and your 401k and 30 smoke breaks in a day.
Im pretty sure they'll blame biden😅
Don't worry DeSantis is working on fixing the problem.
Where woke brokers go to die
WINNING!
Florida is quickly becoming a horrible place to live.
Native Floridian. 🙋🏼♀️ All but 1 family member live in FL. 2 own homes on lakes. 1 owns a beach condo. ⛱ 1 owns a home inland. 1 owns a home on a creek. 1 owns a condo downtown. 🏙 We're insured by multiple/various insurance companies. We've owned our homes between 27 – 2 yrs. Rates have risen but not out of the ordinary. 🏡 The running story about carriers leaving & massive rate hikes simply isn't true. ☺🏖🌞🌴🍊🙏🏼💞
That’s insane!!