Living In Florida Becomes More Expensive As Insurers Jack Up Rates By Double-Digits zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Many Florida homeowners hit with higher insurance premiums
State and insurers blame storms, litigation
Tags:
Her policy went from $1,318 to $2,153 a year, a more than 60% increase.
“It kind of throws you into a panic mode,” Landry said.
[TRENDING:
]
Landry says she has been in her Ocala home 17 years with only minor increases, and only one minor claim that happened years ago.
Ad
“I don’t think the insurance companies should be able to do this,” Landry said. “It’s just wrong. I mean, people are struggling to stay in their houses.”
Landry is by no means alone.
News 6 did some digging and found from January to September 2020, dozens of property insurance companies requested rate increases from the state, according to court filings.