Too much to copy & paste. Enjoy the read my friends.
finance.yahoo.com
As he campaigns for president, Florida Gov. Ron DeSantis says he wants to “make America Florida.” But homeowners might say, eh, no thanks, since nobody wants the sort of insurance bill Florida property owners have been finding in their inboxes.
The average premium for homeowners insurance in Florida hit $6,000 per year for 2023, compared with just $1,700 for the nation as a whole, according to the Insurance Information Institute. Florida premiums have soared by 42% in the last year alone, and by 206% since DeSantis first won the governor’s office in 2018.
They’re the highest in the nation, by far.
After years of dawdling, the Florida legislature passed a slate of insurance reforms in 2022 and this year, which DeSantis backed and signed. The insurance industry praised the legislation as essential to luring carriers back to the state and lowering costs for consumers. But there are likely to be years of legal challenges ahead, and premiums could go even higher before they start to drift down.
Critics say DeSantis should be doing more to help Florida homeowners now instead of campaigning out of state. That's shaping up as a liability for DeSantis if his presidential campaign gathers steam and he becomes a serious contender for the Republican nomination.
Homeowners in DeSantis’s Florida face a costly and unique problem
Homeowners in DeSantis’s Florida face a costly and unique problem
Florida homeowners insurance is the costliest in the nation--and going higher. Critics say Florida governor Ron DeSantis should do more to fix the problem instead of campaigning for president.
As he campaigns for president, Florida Gov. Ron DeSantis says he wants to “make America Florida.” But homeowners might say, eh, no thanks, since nobody wants the sort of insurance bill Florida property owners have been finding in their inboxes.
The average premium for homeowners insurance in Florida hit $6,000 per year for 2023, compared with just $1,700 for the nation as a whole, according to the Insurance Information Institute. Florida premiums have soared by 42% in the last year alone, and by 206% since DeSantis first won the governor’s office in 2018.
They’re the highest in the nation, by far.
After years of dawdling, the Florida legislature passed a slate of insurance reforms in 2022 and this year, which DeSantis backed and signed. The insurance industry praised the legislation as essential to luring carriers back to the state and lowering costs for consumers. But there are likely to be years of legal challenges ahead, and premiums could go even higher before they start to drift down.
Critics say DeSantis should be doing more to help Florida homeowners now instead of campaigning out of state. That's shaping up as a liability for DeSantis if his presidential campaign gathers steam and he becomes a serious contender for the Republican nomination.
GIVE. IT. TIME.