Talk of The Villages Florida - View Single Post - Property Insurance reform??
Thread: Property Insurance reform??
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Old 12-31-2022, 11:14 AM
Papa_lecki Papa_lecki is offline
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Originally Posted by villagetinker View Post
From the recent news articles that covered the new laws in Florida, the conclusion was the rates 'should' drop slowly over time. I tend to agree with this, maybe in a year or 2 or 3 there will be some relief. The insurance companies need to get back some of the money they lost in the recent storms and all of the "free roof" scams.
Agree, rates are set based on claims experience, NOT what insurance companies think will happen due to a new law. If the law works as planned, premiums will come down in a few years.