Floridians see homeowners insurance rates double or triple

TAMPA, Fla. — The skyrocketing of homeowners insurance and the bankruptcy of insurance companies is what one state senator is calling a complete collapse of the Sunshine State property insurance market. much to roof scams.

Florida State Senator Jeff Brandes successfully petitioned for a special session to be called on the issue, and the Secretary of State is currently polling the legislature to see if there are enough votes in favor of holding that special session. within the next month.

Since our last in-depth story on homeowners insurance, several people have reached out to report that their premiums have doubled, even tripled statewide.

Mary Kiilgore’s $140,000 home in Lutz went from $2,400 to $4,300 a year with Southern Fidelity Insurance.

by Tonya Halvorsrod The $300,000 house in Plant City took an even bigger leap with Tower Hill Insurance.

The insurance has been $3,500 to $4,500 for the last 12 years,” Halvorsrod said. “I got the new bill in the mail last week for $8375.99.”

Tonya Halvorsrod.pngTonya Halvorsrod

Halvorsrod said he called and Farmers Insurance told him he needed a new roof.

“They told me that because our roof is tiled and over 10 years old, no one wants to insure it anymore,” he said. “So, we’re in the process of installing a metal roof, and the quote I got is for less than $3,000 a year once the metal roof is installed.”

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