Florida property insurance costs News

Citizens to Hold Off on 2016 Sinkhole Rate Increases, For Now

In Citizens’ 2016 rate proposal, approved last month by the Citizens Board of Directors and awaiting approval by the Florida Office of Insurance Regulation, the insurer of last resort did not recommend any sinkhole rate increases for 2016 for most …

Even Without Big Storms, Florida Property Insurance Costs Rise

Marco Tarafa was stunned to find that his homeowners’ policy is increasing by nearly $1,000 a year —all because inspectors couldn’t get into his attic, where there was no crawl space and about 24 inches of insulation. Tarafa was a …