Florida homeowners insurance
The Wall Street Journal had an instructive article about the soaring increases of home insurance possibly cooling the housing boom in Florida. Increases in the range of 20 to 60 per cent or more are becoming the norm if the carriers will even renew the policies. Sham roof claims and litigious activities were cited as causes for huge losses accrued to the insurance companies beyond the recent hurricane losses. Sounds like big insurance hikes are coming.
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