Google Search says Florida homeowner insurance rates have increased over 100% in the last three years.
Average homeowners insurance policy is $6,000 per year.
Just a WAG here, but I bet insurance has something to do with this problem.
I think so. Insurance premiums are out of control here, for cars too!
“Average homeowners insurance policy is $6,000 per year.”
If people think the rates are too high they might be allowed to buy co-insurance shares secured by a bank CD or brokerage account.
Insurance is way up everywhere, insurance companies blaming cost to rebuild.
Mine is up over 50% in one year, on top of whatever increase from the year before
Ain’t going down next year, either.
https://www.wfla.com/news/florida/citizens-property-insurance-backs-14-rate-hike-for-2025/