New bill for Florida could mean higher property premiums

New bill for Florida could mean higher property premiums

Lawmakers in Florida are looking to create new restrictions on policyholders who submit property insurance claims. A bill, known as SB 408, contains more than 20 provisions that could enable insurers to raise premiums for homeowners in residences close to the coast as well as inhibit damage claims in an effort to combat fraud. The bill is similar to one proposed a year ago by then Governor Charlie Crist, which was vetoed. State law allows for a discount on insurance if a homeowner were to fortify their property and meet…

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