LAKELAND, Fla. — Merri and Michael Crawford love their century-old home in Lakeland, but they hate the high insurance costs that come with it.
“When you have to decide, ‘Do I pay the mortgage or do I pay the homeowner’s insurance,’ that’s a concern,” owner Merri Crawford said.
The Crawfords pay $2,600 a year for property insurance, and they said it was a good deal. Their old insurance company tried to charge the family $4,000 a year.
“I went with a new supplier because of the costs,” said Merri Crawford.
“It goes up and up and up and up quite surprisingly,” Michael Crawford said. “It’s amazing how much it’s increased.”
State Senator Jeff Brandes has long wanted to tackle soaring insurance costs. On Monday, the St. Pete Republican tweeted that he had enough support from lawmakers to officially call a special session. The Crawfords are happy to hear that. They said the high cost of property insurance hurts everyone.
“I know people who go without home insurance because of the cost and it’s scary for people, especially for our elderly population,” Merri Crawford said.
The Crawfords hope for more regulations for the insurance industry, and perhaps even lower prices for homeowners. Anything that will help families keep their insurance and housing.