Florida Home Insurance

"TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis on Thursday signed into a law sweeping property insurance legislation that creates a $2 billion reinsurance fund and rewrites rules on coverage denials and attorney fees, in a move to stabilize rising costs and insurer losses."
DeSantis, a Republican, announced the bill signings in a statement that called the package “the most significant reforms to Florida’s homeowners insurance market in a generation.”

The new laws would create the $2 billion Reinsurance to Assist Policyholders program for insurers to purchase insurance to help insulate themselves from risk. Insurers would have to reduce policyholders' rates to access the state reinsurance fund. It also offers grants of up to $10,000 to outfit homes so they are less vulnerable to hurricane damage, if the homes meet certain criteria.

The legislation forbids insurers from automatically denying coverage because of a roof’s age if the roof is less than 15 years old. Homeowners with roofs 15 years or older would be allowed to get an inspection before insurers deny them coverage."

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As a Florida homeowner and landlord I have watched as our insurance rate has risen from hundreds to thousands of dollars a year. In recent years insurance companies started denying coverage to properties with roofs over ten years old, regardless of the roof's condition. This legislation is a welcome relief.

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This page will be expanded upon. Please check back to read more updates about Florida Homeowners Insurance, Florida, USA. Posted May 27, 2022.

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"Should I move to Florida? Is Florida a good place to live? Have you been asking yourself these sorts of questions lately? If so, you’re not alone. Every day, the Sunshine State attracts hundreds of newcomers to its sandy shores – and it’s not hard to see why. No state income tax, sunny weather, its diverse population, delectable food and exciting attractions make it a particularly interesting place to live."

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I have lived in Florida most of my life. I have seen communities grow and prosper. Florida real estate has been booming ever since I was a child. People from East of the Mississippi River have been flocking here to retire, escaping from cold winds and snow. Bringing their wealth with them.

Now they are fleeing repressive state governments. Enough is enough! Florida offers FREEDOM to live as they please. To do what they want, go where they want, play where they want and eat where they want, and do it all unmuzzled! Thanks to an administration led by a person who possesses a hugh amount of COMMON SENSE, Governor Ron DeSantis!

So come join us.

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Florida Outpaces Nation in Job Growth

Governor Ron DeSantis, “But I think what we did by setting the course to be a free state … when COVID hit, people were saying that this would take four or five years to be able to get to where we were pre-COVID in terms of our tourism numbers. In fact, between January and March of this year, we have 36 million visitors. That’s far above our 2019 levels,” he said, attributing the state’s success to the state remaining open and free.

“You’re not gonna get shaken down to produce medical papers at the front door of a restaurant. People don’t want to do that,” he said. “I mean honestly it’s just and I think the proof in the pudding on this is our market share of overseas travelers.” 

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This page will be expanded upon. Please check back to read more updates about Florida real estate market reports. Florida, USA. Posted May 22, 2022.