#floridahomeinsurance Archives

Citizens: Get Ready to Prove Your Residency

Nov 28, 2023

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You’ll need to prove to Citizens that your policy covers a “Primary Residence”. If your home is not your “primary residence” you will face higher rate increases in the future. The Florida Office of Insurance Regulation (OIR) has approved an increase in the capping factor on policies for non-primary residences. This change will affect new…

Why are my Insurance Rates so High?

Oct 19, 2023

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Peter Cronin

Here’s an article that explains our high insurance rates from someone who has been at the forefront of the Insurance Industry in Florida for 40 years. WHAT FACTORS CAUSE FLORIDA’S HIGH INSURANCE RATES By David Thompson, AAI, CPCU, CRIS Whether it’s auto or home insurance, price is a significant consideration with any household budget. This article…

It’s Take-Out Time at Citizens: Are You Ready?

Aug 30, 2023

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Peter Cronin

in Home Insurance Blog, News Insurance Blog

Its that time again when Citizens Property Insurance reduces the number of policies on their books by using the Take-Out program. Every few years, private insurance companies in Florida go out of business or stop writing new business here. This forces new policies to be written into Citizens and swells its exposure to claims. Since…

Roof Sale: $10,000 Off

Jul 25, 2023

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Peter Cronin

in Home Insurance Blog

The My Safe Florida Home program can reimburse you up to $10,000 for a new roof or other hurricane-proofing improvements.

Buy Flood Insurance Now: Don’t Wait

May 29, 2023

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Peter Cronin

in Home Insurance Blog

Hurricane Season is Here. Don’t wait to Buy Flood Insurance. Natural disasters can strike anytime and anywhere, leaving people homeless and helpless. Floods are a major disaster that can cause significant damage to your property and belongings. The recent storms in Ft Lauderdale proved that flooding is not caused by Hurricanes only. Flood insurance can…

Will Citizens Make You Buy Flood Insurance?

Apr 6, 2023

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Peter Cronin

in Home Insurance Blog

There’s a “Flood” of changes coming to Citizens Property Insurance in April. Here’s what you need to know. The Special Session in 2022 was called to solve a major problem for Florida A special session of the Legislature was called by Governor DeSantis to deal with Florida’s Property Insurance crisis in 2022. Private Insurers were…

Home Insurance Florida 2023: What Can We Do?

Jan 10, 2023

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Peter Cronin

in Home Insurance Blog, News Insurance Blog

Big changes (and increases) coming for Florida home insurance in 2023. Can we stop the bleeding? Will there be any insurance relief for Florida Home Insurance in 2023? When will the legislature’s new package start to help lower rates? Will Citizens’ new policies make it easier to get in? Is there anything we can do…

Free Money to Harden your Home

Jun 30, 2022

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Peter Cronin

in Home Insurance Blog, News Insurance Blog

One of the results of the recent Special Session on Florida Property Insurance was the creation of Home Protection Grants. If their home was built prior to 2008, a homeowner can apply for funds from the State to help harden and protect their home. And the grant is very generous: The State will match $2…

Florida Special Session on insurance: The Results

Jun 14, 2022

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Peter Cronin

in News Insurance Blog

The following is a reprint from State Senator Lori Berman’s report : Special Session 2022D Florida’s property insurance market is currently the worst in the nation. Last week, we returned to Tallahassee in the hope of working towards meaningful solutions to address this crisis that has fallen upon our people. CS/SB 2D: Property Insurance: This legislation: …

Can A Special Session fix Home insurance?

May 22, 2022

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Peter Cronin

in News Insurance Blog

Property insurance: A call for courage This article on the Florida Special Session to address Home Insurance reform was originally published in the Jacksonville Daily Record. When Florida lawmakers convene on property insurance, they will confront the biggest economic challenge in state history. They need to change the incentives to a market of free enterprise…

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