IN MIAMI, THE REAL ESTATE ATTORNEYS AT THE PERAZZO LAW FIRM SHARE VITAL INFORMATION FOR HOMEOWNERS REGARDING RISING INSURANCE RATES, AND WHAT TO DO AFTER YOUR FLORIDA HOME SUFFERS DAMAGES THAT RESULT IN FINANCIAL LOSSES.
FORT LAUDERDALE – Homeowner insurance is higher in Florida than in any other state in the country, and despite insurance providers’ efforts to curb the cost of property insurance, the expected surge in rates has Miami homeowners on tenterhooks. Meanwhile, Florida insurance carriers are busy looking for ways to reduce litigation, limit claims, and cut down on fraud. Sadly, Florida homeowners that have had the same insurance premiums for close to a decade, have been unable to get their insurance provider to renew their policies at equal rates, with many homeowners now paying twice as much for the same coverage. It’s a sad fact that many Florida homeowners are hurting because they cannot afford to pay the premiums insurance providers are requesting. The average homeowner insurance policy estimated at $1,173 per year in every US state but Florida, where the yearly average is $1,993, a fact that makes Florida the most expensive state for property owners looking to protect their homes against damages and losses. Some of the major homeowner insurance providers in Florida include: