Talk of The Villages Florida - View Single Post - Insurance probably going up
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Old 10-01-2024, 10:54 PM
Gatorfan1 Gatorfan1 is offline
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Default Homeowners premiums
Quote:
Originally Posted by kkingston57 View Post
Was in the biz. Loss ratios can change overnight. Insurers got lucky on Helene. Most of the damages appear to have been caused by storm surge which is not covered by regular insurance
All rate increases have to be approved by the Department of Insurance in Tallahassee. Companies are filing rate decreases now. The numbers are based on what happened two years ago. Actually most have filed for rate decrease. The hurricane will not affect rates for at least 2 years.