Florida’s property insurance rates are expected to rise in early 2010. The rate increases are intended to help protect Florida policyholders by giving adequate coverage to each insurance company should a major disaster occur.<\/p>\n
Despite a lack of severe hurricanes or natural disaster damage in Florida this year, Florida is taking the proper steps to ensure taxpayers are not left with the burden of covering damage with taxpayer funds by utilizing this time to increase homeowner’s insurance rates. The extra funds from the increase will be used to not only help reduce the financial burden incurred by taxpayers in recent years, but to help prepare for future disasters.<\/p>\n
Currently, insurance experts argue that the state funded Citizens Property Insurance has established an artificial rate for homeowner’s insurance, which does not properly protect its policyholders adequately should a major natural disaster occur. Should a major hurricane hit and Citizens not have enough to cover (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Florida’s property insurance rates are expected to rise in early 2010. The rate increases are intended to help protect Florida policyholders by giving adequate coverage to each insurance company should a major disaster occur. Despite a lack of severe hurricanes…<\/span><\/p>\n