Florida Leaders Champion Bill to Slash Homeowner Insurance Costs by 25%
Mar 21, 2024
For The Full Article: https://www.liveinsurancenews.com/florida-homeowner-insurance-costs/8558702/ According to the legislators, the bill could potentially reduce property insurance premiums by over $500. The plan involves Florida paying back a Treasury note through a special assessment of between 1% and 3% charged to all property insurance customers in the state. These efforts come at a time when residents of the state pay approximately $6,000 per year to insurers for home ownership coverage, a stark contrast to the national mean. Despite some opposition, proponents of the bill are hopeful that it will bring considerable relief to homeowners in Florida and across the nation.
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