Florida home insurance rates to spike by June, say industry experts

Home insurance - Rates rising

Experts are warning property owners to prepare for premiums as high as 20-25 percent higher. Rising home insurance rates are nothing new for property owners in Florida, but industry experts are still warning that preparing for a substantial hike this year is a good idea, as rates could rise by as much as 20 to 25 percent by June. The state has been in crisis as severe storms become more frequent and inflation drives up prices. Former Citizens Property Insurance Chief Risk Officer John Rollins shared some insight into the…

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