home insurance rates in florida: Are we ever going to see reasonable home insurance rates again?
- 08/15/13 07:04 AM
In Tallahassee, Fl, the Insurance Commissioner Kevin McCarthy stated that ''even though Florida hasn`t been hit by a major hurricane since 2005, there are other reasons as to why home owner rates will not be coming down in Fl.'' It was said they might even go up since some companies have spread increases out over several years on of of your biggest expenses. Reports point out that the cost of reinsurance has dropped by 15-20% this year. Insurers purchase this to provide financial backing in case of a major claim. In most cases the big insurance companies are buying additional reinsurance … (2 comments)
In Tallahassee, Fl, the Insurance Commissioner Kevin McCarthy stated that ''even though Florida hasn`t been hit by a major hurricane since 2005, there are other reasons as to why home owner rates will not be coming down in Fl.'' It was said they might even go up since some companies have spread increases out over several years on of of your biggest expenses. Reports point out that the cost of reinsurance has dropped by 15-20% this year. Insurers purchase this to provide financial backing in case of a major claim.
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