In recent years, owning a home in Florida has become even more challenging. Aside from dealing with hurricane season and rising sea levels, many homeowners now face another pressing issue: the lack of options for insuring their home. Today, in much of the state, there remains only one insurer available to many residents: Citizens Property Insurance Corporation.
But...how did we get to this point?
What is happening to insurers in Florida?
Florida is experiencing a crisis in the property insurance market. Due to factors such as climate change, increased claims from natural disasters and fraud in some repairs, more than a dozen private insurers have left the state in recent years. This has left hundreds of thousands of homeowners without coverage or with extremely limited options.
According to data cited by Infobae, this situation has forced more than 1.3 million people to rely exclusively on Citizens, a public insurer that was created as a last resort, not the main option.
Why are insurers leaving?
More intense and frequent hurricanes have increased the number of claims for structural damage, especially to roofs and windows. This has resulted in:
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Higher operating costs for insurers.
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Higher premiums for homeowners (in some cases, more than double what they were a decade ago).
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Massive withdrawals of insurers from the Florida market to avoid losses in the millions.
In addition, problems such as claims fraud and excessive litigation have also exacerbated the situation.
What does this mean for you as a homeowner?
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Fewer options: Many homeowners now only qualify for Citizens, which can mean less flexibility and more bureaucracy.
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More expensive premiums: Even with Citizens, rates aren't exactly cheap.
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More requirements: To keep or qualify for a policy, many insurers now require specific home improvements, such as new roofs or impact windows.
What can you do?
The good news is that you can take steps to protect your home and improve your eligibility for less expensive insurance.
Invest in improvements such as:
...not only increases your family's safety, but reduces the risk to insurers, which can help you qualify for better policies and lower premiums.
Related: Home Insurance Reduction Announced by DeSantis - Not Everyone Qualifies
At Nation Green Homes we are here to help
We know this situation can be frustrating and stressful. That's why at Nation Green Homes we help you take action with:
✅ Professional installation of roofing and impact windows
✅ Florida building code approved materials
✅ Financing options with $0 down payment and no credit check
✅ Personalized counseling to help you meet insurance requirements.
Your peace of mind starts with having a stronger, safer and better prepared home.
Don't wait for the next storm to act.
📞 Ready to protect your home and reduce your insurance cost?
Contact us today!
For More Information visit, wwww.nationgreenhomes.com
Or Call us to (954) 231-2312
