In the past several years property insurance rates have soared in Florida and some owners have had their policies canceled, or have had difficulty finding insurers willing to issue a policy.
Our condo insurance continues to rise over the last several years at exhorbitant rates. Our liability carrier we had for years cancelled every building who had them with the excuse of "rising crime" in Lake Worth." We have had no crime out here. Our new carrier's premium is triple what we were paying.
Insurance rate hikes are nothing new to all of us. We pay for every catastrophe throughout the country. One thing that triggered it for this year was the Surfside condo collapse in Miami last year.
I am glad to see our governor will address this.
On another note, DeSantis instructed lawmakers to come up with an acceptable map creating new boundaries for Congressional districts in the state. They did just that on a 24-15 vote.
1 comment:
Yes, we have needed this action for a very long time.
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