>>The property insurance rates in Florida have skyrocketed and a couple of companies have left.
Much more than a couple have left.
So true. A man at our church here in Virginia is on the board of a condominium complex in the Ft Meyers area and he tells me that about the only option left for them is the state run insurance program, and they are so overwhelmed with applications that many units will be uninsured by June 1. The end result is that the banks that hold the mortgages on these units will most likely be calling the loans.Not a good time to be a condo owner in Florida. Many homeowners are facing the same fate.