Slightly more than a quarter of homeowners nationwide said they did not see a change in cost or coverage during the past year. Credit: Fitz/Adobe Stock
Over 70% of Florida homeowners said they live in an area that has seen insurance costs increase or coverage changes, such as non-renewal notices, during the past year, according to a survey commissioned by Redfin. Around 27% of Florida respondents also said they are or have been concerned their carrier will stop offering them home insurance.
The survey, which queried nearly 3,000 U.S. homeowners and renters, found similar trepidation on the other side of the country, as 51% of California homeowners said they are in an area experiencing insurance cost increases or coverage changes. More than 13% of Californians are worried their carrier will stop offering coverage.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
