How the Florida Legislature Gets You to Pay the Home Insurance Bills of Others
How the Florida Legislature Gets You to Pay the Home Insurance Bills of Others
Posted: Apr 08, 2009 |Comments: 0
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After Hurricane Andrew and continuing to this day, Florida home insurance companies have continued to pull out of the state or seek significant rate increases. Why? Because both Florida homeowners insurance companies and state regulators can’t seem to agree on the right amount that consumers should pay for the hurricane portion of their Florida home insurance bill.
So starting in the 1990’s, the State of Florida started to charge special assessments on each Florida home insurance policy written and formed an insurance company of last resort which today is called Citizens Property Insurance Corporation to make sure that everyone in Florida has at least one insurance company willing to cover their home or business.
The state also created an entity called The Florida
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