Fighting Back on Florida's Rising Homeowners Insurance

Florida lawmakers have recently passed legislation allowing home and condo insurers to hike their rates up to 10%. This action was taken to reduce financial risk for Florida insurers and Florida home and condo owners in the event that a hurricane strikes. There is a general feeling in the sunshine state that Floridians and insurance companies would not be able to withstand another violent hurricane season. The amount of money it takes to recover from a windstorm is usually in the billions and takes a massive toll on the financial security of the state.

This rate increase comes as a bit of a shock because Floridians have been dealing with rate increases frequently over the past 5 years. As the governor does his part in fighter the rate increase, the folks of Florida are gearing up their homes in preparing for the next storm. The old adage “the best offense is a good defense” is applicable to fighting hurricanes as well. If you take preventative measures to protect your home, you will likely suffer fewer damages.

But that doesn’t help with the costs. HG Holdam wants you to know that insuring your Florida home or condo doesn’t have to be so expensive. There are a lot of insurance companies out there willing to write you a policy that is affordable and reliable, even if a storm hits. We will shop the top carriers in the country to find you a homeowners policy that will work with you and not break your bank account. Don’t let another insurance rate increase effect your budget, contact HG Holdam today.

Visit our virtual insurance office for a free Florida homeowners or condo insurance rate quote.