The truth about what’s really happening to rising insurance premiums.

Today, I'm addressing a concerning topic—rising insurance premiums in Florida. Major insurance companies are pulling out of the state, and I want to shed light on the reasons behind the 42% increase in insurance premiums year over year, as reported by the Insurance Information Institute.

Extreme weather, particularly hurricanes, has wreaked havoc on certain areas of Florida, leading to substantial damage and claims. In fact, 80% of property lawsuit claims in the entire United States originate from Florida.

“Major insurance companies are pulling out of the state.”

Due to these circumstances, large insurers have been hesitant to renew premiums or even offer coverage to individuals in the state. For those affected, such as policyholders with Bankers Insurance or those impacted by the recent withdrawal of Farmer's insurance and AAA, the situation may be daunting as they seek alternative options.

If you find yourself uncertain about where to turn or who to trust while shopping for insurance, reach out to us. Although we don't directly deal with insurance, we have reliable partners in the industry. We can guide you towards vetted professionals who will help you explore your options and keep your monthly payments manageable.

If your current monthly payment becomes unaffordable, call or email us, so we can advise you on your options, including understanding the equity in your home and how it can be advantageous in your situation. Remember, we are always here to provide assistance and support.