Homeowners insurance rates have risen across the U.S., and hard markets such as Florida, California, and Texas have been hit the hardest. The average annual premium for Florida homeowners is $6,000, compared to the national average of $1,700, notes Mark Friedlander, Director of Corporate Communications at the Insurance Information Institute (Triple-I). This steep hike has caused 15-20% of Floridians to resort to self-insurance.
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