Blog Article:
Hey insurance agents! Get ready for some good news in the Sunshine State ☀️ Three Florida property insurance companies are making moves to ease the burden on homeowners.
While the savings might not be massive, experts are calling it a positive sign in Florida's rocky insurance market. We've heard from homeowners like Bridget Shearn, who's seen her premiums skyrocket: "$4,000 is a lot of money…it went up $1,000 from last year!" 🤯
But there's hope on the horizon! Here's the breakdown:
- Florida Peninsula Insurance: Cutting rates by an average of 2% in July.
- Slide Insurance Company: Aiming for a 0.5% rate decrease.
- Florida Family Insurance Company: Also seeking a 0.5% premium reduction.
Even Citizens, the state-backed insurer, is showing signs of improvement. They've successfully offloaded customers to private insurance, shrinking their policy count. 🙌
Of course, some homeowners are understandably skeptical – they'll believe it when they see the reduced bills. But experts are hopeful that recent legislative reforms might be helping curb those pesky lawsuits that contributed to the insurance crisis.
0 Comments