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What’s happening to my Florida homeowner’s insurance policy?

By
Services for Real Estate Pros with Protection Connection Insurance

Have you noticed the rates on your homeowner’s insurance line rising at a rapid pace? Is affording your coverage becoming increasingly difficult? Are you unsure of the fate your homeowner’s insurance provider? If these statements apply to you…then you may be a homeowner in Florida.

With the current shaky economy and ever-increasing risk of hurricanes and tropical storms to Florida, many homeowners in the state are finding it extremely difficult to afford purchasing new insurance policies or continue paying into current home coverage. Many smaller insurance companies in Florida are also finding it hard to stay in business or continue to cover those residents in areas in “high risk” (i.e. areas with major risk of hurricane/tropical storm damages). If you’ve found yourself wondering why the price of your homeowner’s insurance coverage has grown to an uncontrollable rate, you may want to contact your insurance provider to discuss the details of your policy. Many Florida residents will find themselves “skimping” on coverage as well, in order to save a few bucks.

If you live in Florida and are having trouble with your homeowner’s policy, contact Protection Connection Insurance. We have many different options for homeowner’s insurance lines specifically tailored to fit the needs of Floridians. Visit our virtual insurance agency at www.protectionconnectioninsurance.com or give us a call at 800.925.0759.

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Nov 05, 2016 10:44 AM