The falling of Florida home values,
with an increase in homeowner’s insurance premiums, has put the squeeze on many
Floridian bank accounts.
Florida homeowners insurance premiums
have been on the rise over the past couple of years. Premiums across the United States are expected
to grow an additional 5% this upcoming year, according to the Insurance
Information Institute. It has been
estimated as the largest annual increase since the market crashed in 2001. This will set the bar for the highest national
average of a homeowner’s insurance premium.
The level has been set at upwards of $1,000.
FLORIDA HOME INSURANCE
The largest company in Florida, Citizens
Property Insurance, is raising rates on some condos and homes in Florida by 21%
and 6%. Florida home insurance rates are
on the rise and are not expected to stay in check for some time. Other areas of the country have to raise rates
as well. It’s not just Florida to do so;
Georgia, Texas, Pennsylvania, and North Carolina are on the rise as well.
These high premiums come at a very sensitive
time within American history. Home
values have crashed to record lows.
Millions within our country are behind on mortgage payments, while
others are just abandoning their houses.
What are the solutions to this vast problem?
Many of the large insures are telling
us that the higher premiums are due to them having to cover their rising
costs. Insured catastrophic losses are
up in the United States. They are up
over 30% from 2010 to 2011.
To combat the rising premiums, savvy Florida
home insurance consumers have moved to the Internet to do their shopping. Once a policyholder gets a notice in the
mail, they start shopping online for better pricing. Online agencies such as, Premier Homeowners
Insurance, www.PremierHomeownersInsurance.com,
lets you comparison shop all of the major homeowners insurance markets. When shopping for a better rate you might
find that your coverage levels might not be correct, or that you are not taking
advantage of all discounts offered by the carriers. If you need a policy checkup today, please
feel free to get a quote here!
ABOUT
PREMIER HOMEOWNERS INSURANCE
Our firm,
Premier Homeowners Insurance, is a property and casualty consulting group
located in Florida. We offer solutions from several top rated carriers that
provide Florida home insurance plans to the entire state. The accurate
information we offer to our clients, which in turn can maximize all discounts
open to them. Our own firm realizes that all of our customers have
diverse insurance needs. As a result, we make every effort to provide all sorts
of products such as; condominium insurance, flood insurance, home
insurance, house insurance, wind policies, and townhouse insurance, and car
insurance quotes.
