Homeowners’ premiums go up less after claims in Fla. (10/21/2014)
Property insurance rates can go up after just one claim, but it’s only 3% in Fla. – lower than most other states – according to a study by InsuranceQuotes.com.
New sinkhole standards a problem for some owners (10/20/2014)
Some Fla. homeowners once claimed sinkhole damage against their insurance for even a small crack. But tightened rules hurt owners with legitimate problems.
Scott, Crist split on approach to property insurance (10/9/2014)
Fla. has found it challenging to make property insurance both affordable and readily available, and the gubernatorial candidates approach the problem differently.
A major storm could hurt under-insured owners (10/8/2014)
A coverage change by Fla.-owned Citizens limits reimbursement to owners of older manufactured homes, and a major storm could make many of them homeless.
Fla.-owned Citizens OKs another 200K policy removals (10/2/2014)
However, only 1 in 10 homeowners offered a change this year actually switched to a private insurer, according to the Florida Office of Insurance Regulation.
Owners who overpaid flood ins. to get refund soon (10/1/2014)
A law that tempers the high cost of flood insurance passed too late for some homeowners, but their rebate checks will be sent out shortly, according to FEMA.
Private flood ins. not cheap, but there’s more of it (9/30/2014)
Fla. encourages private insurers to offer flood policies and more have entered the market, but a law subsidizing nat’l policies makes it hard for them to compete.
Renters need insurance – but few have it (9/26/2014)
63% of renters don’t insure their home, making them vulnerable to damage from hurricanes, fire, lightning, theft, explosion and other disasters.
State-backed insurer may put early end to storm tax (9/22/2014)
A new 1% reduction in Fla.’s “insurance tax” on all policies will be decided Wed. Two months ago, regulators nixed a similar 1.3% surcharge effective Jan. 1.
Fla. regulators approve Citizens’ 2015 rates (9/8/2014)
Overall, the changes will result in an average 2.7% decrease for residential policyholders that rely on the state-owned insurance company.
Citizens seeks rate cuts for inland homeowners (8/28/2014)
The Fla.-owned property insurer wants to reduce average base rates on most policies for the first time since a move to artificially lower rates ended in 2009.
Fla. 1 of 4 states where insurers snub credit scores (8/20/2014)
A good credit score does more than snag a lower mortgage rate. Nationwide, it costs low-score owners 91.4% more for property insurance – but it’s 0% more in Fla.
Fla. OKs removal of 97,231 Citizens Ins. policies (8/11/2014)
The Office of Insurance Regulation approved four companies to take residential and commercial policies. So far this year, 466,572 have been OK’d for take-out.
Citizens offers settlements on 600 sinkhole claims (7/30/2014)
The Fla.-owned property insurer offered a deal it hopes will end litigation alleging that it failed to properly deal with homeowners’ sinkhole damage claims.
NAR to Congress: More work to do on flood insurance (7/24/2014)
In testimony before a Senate committee, NAR told lawmakers’ that recent flood insurance changes have stabilizes the housing market – but they must do more.
‘Hurricane tax’ on policies to end 18 months early (7/23/2014)
It’s official: Fla. agency confirms that a 1.3% extra charge added to all property and auto insurance policies will end on Jan. 1.
Flood insurance refunds to begin Oct. 1 (7/21/2014)
All homeowners who deserve a flood policy refund because they paid a higher rate before Congress changed the program should receive money back before Dec. 31.
Citizens Insurance Corp. board approves 2015 rates (6/27/2014)
While Fla. must still sign off on lower rates for state-owned Citizens, the average homeowner should save $159 yearly – but rates will go up for some.
Citizens delays expansion of clearinghouse (6/26/2014)
The clearinghouse will compare private insurance policy rates to Citizens Ins. rates when a homeowner renews, but the new procedure is delayed until Nov. 1.
Citizens wants to lower property insurance rates (6/24/2014)
Almost 70% of homeowners covered by the Fla.-owned insurer could see lower rates in 2015, with an average savings of 3.2%; mobile homes could see 3.9%.
Gov. Scott signs Fla. flood insurance bill (6/16/2014)
The new law, effective immediately, encourages private insurers to enter the Fla. market by giving them rate-setting flexibility and reduced regulatory burdens.
Flood insurance price break starts today (5/1/2014)
Buyers of older pre-FIRM properties will receive a premium rate reduction under the new law; and Florida Realtors released a flood insurance disclosure update.
Private insurer to take up to 10K Citizens policies (4/30/2014)
State officials approved the move by Southern Oak Insurance Company, though many homeowners will have a chance to deny the change.
Review insurance polices: Storm season approaches (4/28/2014)
Spring brings tornadoes and hurricane season starts June 1. Consumer Reports suggests steps homeowners should take now. Note: Flood insurance has 30-day delay.