Hurricane Helene hits Florida homeowners already facing soaring insurance costs
As Hurricane Helene barreled through Florida, the storm’s winds and flooding left a trail of damaged homes in its wake, causing up to an estimated $6 billion in private insurance losses, according to global reinsurance broker Gallagher Re. As homeowners assess the damage, the storm is again drawing attention to wobbly Florida’s property insurance market. Soaring premiums have squeezed homeowners, who shouldered a 45% increase in insurance rates from 2017 to 2022, according to a recent report from the Florida Policy Project. [Source: CBS News]
See also:
» Will Hurricane Helene impact your next insurance bill?
Can you do anything about squatters who take over your home? Florida is taking action
Some states are taking long-overdue legislative steps to deal with squatters: people who take over others’ properties without their consent, sometimes dumping the owner’s stuff and trashing their homes. While squatting is trespassing, most jurisdictions treat the problem as a landlord-tenant dispute. This turns the ousting of the illegal occupants into a long, drawn-out legal process. [Source: Miami Herald]
What are the top real estate agencies in Florida? Here’s a look
In Florida, there’s no shortage of real estate agents. In fact, the state has more of them than any other in the nation. That’s according to the National Association of Realtors. The association’s last report from…
