The demonstration broke out in response to skyrocketing premiums making their properties unaffordable. Hundreds of homeowners recently held a protest at their Florida 55+ living community called Century Village in response to the latest increase to their monthly home insurance fees. According to the seniors living in the community, many are being forced to sell because of this added cost. The Pembroke Pines, Florida community has been watching their monthly housing fees steadily climb due to the exploding home insurance costs as the state fights a crisis in its property…
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9 Florida insurance companies selling homeowners’ coverage in liquidation
Insurers selling home policies are dropping like flies as hurricane season rapidly approaches. Atlantic hurricane season is rapidly approaching, but homeowners are struggling to find Florida insurance companies to sell them affordable coverage. Premiums have been taking off, but despite the higher expense, policyholders are offered fewer protections. Florida insurance companies are facing a crisis as they attempt to survive in the state’s homeowners’ market. The situation is looking increasingly dire for property owners who are attempting to ensure that they have the coverage they need as the hurricane season…
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