Citrus County Chronicle (Crystal River, Florida)
I read with interest the main editorial of the
Be very careful, this is a very serious problem for
Over the past three months, several leading companies have said they will either stop writing new home insurance policies or not renew tens of thousands. That doesn’t include the past year of many other companies that have changed their underwriting guidelines or closed shop due to insolvency. For most people, their greatest asset is their home, and you buy insurance to protect that investment against the catastrophic claim.
If our legislators fail to fix this problem, you will not be able to pay the premium. I’m sure you can only imagine the effect this will have on the real estate market or your investment. I implore you to be very diligent in reviewing your home insurance policy coverages. With massive underwriting changes by carriers, make sure you’re buying the right coverage to protect your investment. If you think you have a claim, call your agent first.
Lawsuit abuse impacts Floridians beyond landlords. In 2019, a study was conducted and found that frivolous lawsuits also cost our state 126,139 jobs and nearly
We are fortunate to have a legislative delegation to