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The Issue At Hand:
Our state is in the midst of a hardening property insurance market. Due to excessive litigation, there is a lot of uncertainty surrounding adequate and affordable rates – resulting in unplanned and necessary double-digit increases, restrictions in coverage, and re-evaluation of policy acquisition expenses.
Here is an excellent resource that outlines, in depth, more about the current state of homeowners insurance in Florida – Home insurance benefits could shrink to head off the ‘spiral towards collapse’ | Florida Tort Reform (fltortreform.com)
You may be wondering…how can I get involved?
The Florida Legislature is currently considering proposals to address the fraudulent abuse driving up homeowners insurance costs. As your local trusted Insurance Agency, we have put together a few resources that you can use to contact our State Representatives and Senators to have your voice be heard.
You can use the following link to express support of property insurance litigation and fraud reforms, such as Senate Bill 76.
If you have any questions about your Homeowners Insurance policies, please do not hesitate to reach out to us. We are here to help you and walk with you during this challenging time. Phone: 352-432-1646 or email us firstname.lastname@example.org