Insurance ‘nightmare’ unfolds for Florida homeowners after back-to-back hurricanes
Living in Florida, as a homeowner, has become a daunting and exhausting experience, especially in the aftermath of back-to-back hurricanes. The insurance ‘nightmare’ that unfolds for Florida homeowners is a vicious cycle of denials, high premiums, and the looming threat of being dropped by insurers. The recent reforms aimed at limiting contingency cases have only exacerbated the situation, leaving policyholders in a state of uncertainty and financial strain.
The statistics reveal a grim reality – less than 15% of all claims nationwide but over around 80% of all claims in litigation come from Florida. This disparity has led to skyrocketing premiums, making it almost impossible for residents to afford adequate coverage.… Continue reading
John Q. Hosedrinker