Florida’s Recent Laws Address Home Insurance Affordability

Skyrocketing home insurance rates in Florida have become a massive problem for many property owners in the state who are struggling to be able to find coverage they can afford.

The state has been teetering on the edge of crisis, and the situation is continuing to worsen recently.

Depending on the area, Florida home insurance rates have been spiking to the point that they are well out of reach of many property owners. Insurers have been leaving the state, going bankrupt, or choosing not to sell any more new policies there. The insurer of last resort, state-backed Citizens Insurance, has swelled to record proportions, well beyond what it was initially created to carry.