Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute. The Insurance Information Institute is hopeful that the new insurance […]
Florida, renowned for its stunning coastline and warm weather, has long been a popular destination for homeowners. However, amidst the tranquil palm trees and sandy beaches, a notable segment of Floridians holds a deep-seated skepticism towards home insurance companies. While it is essential to acknowledge that not all residents share this sentiment, it is worth […]
It looks like another homeowners insurance company is in trouble in Florida. Recently, FedNat Holding Company, which sell homeowners insurance and other insurance products under the name FedNat Insurance Company, was downgraded from A to S by Demotech, a consulting company that rates the financial health of insurance companies. According to Demotech, an A rating […]