The skyrocketing cost of home insurance and changes in coverage are leading Florida homeowners to relocate to areas with stable premiums, a survey found.
The skyrocketing cost of home insurance in Florida is causing residents to consider relocating, according to a survey by real estate brokerage Redfin.Some 11.9 percent of homeowners in the Sunshine State who told Redfin that they plan to move in the next year said they were doing so because of climbing insurance costs, roughly twice the number of U.S. homeowners who, on the national level, are planning the same .
Other insurers are canceling policies or choosing not to renew them, leaving Florida homeowners with fewer options and higher premiums.The challenges faced by the Florida insurance market are painfully felt by homeowners in the state.Nearly three-quarters of Florida homeowners said they or the area where they live in has been affected by rising home insurance costs or changes in coverage in the past year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Millions of homeowners don't have homeowners insurance due to high costsDue to rising homeowners insurance cost, more and more homeowners are choosing to forgo getting insurance.
Weiterlesen »
3 Florida property insurance companies announce reduction in rates, desire to give homeowners some reliefThree Florida property insurance companies have either announced a reduction in their rates or the desire to pass some relief on to homeowners.
Weiterlesen »
Map Shows States Where Homeowners Are Desperately Trying to Sell HousesData suggests that Florida is seeing an uptick of homeowners who are motivated to sell.
Weiterlesen »
Florida Board of Education Member Supports Homeowners Shooting IntrudersFlorida Board of Education member Ryan Petty shares his support for homeowners shooting intruders, following the stance of Santa Rosa County Sheriff Bob Johnson. Petty believes this approach can help prevent crimes and protect families.
Weiterlesen »
Anti-squatting 'professional' celebrates Florida ban, as other state laws frustrate homeownersFlash Shelton, founder of Squatter Hunters, praised Florida's passage of its squatter law and offered tips to 'America Reports' on how to handle squatters.
Weiterlesen »
High homeowners insurance rates scaring away Florida homebuyers, other states face the same issueFlorida has the highest homeowners insurance rates in the country, closely followed by Oklahoma, Mississippi and Texas.
Weiterlesen »