What to do if you can't get insurance in Florida [USA TODAY]
MUENCHENER RE GP UNSP/ADR (MURGY)
NASDAQ:AMEX Investor Relations:
ir.kiterealty.com
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Source: USA TODAY
Hurricane Ian, claim fraud, legal system abuse and inflation have been major contributing factors to the state's insurance crisis. If you can't find affordable coverage, try working with an independent insurance agent or broker. They may be able to present you with more options than you've found on your own. Florida has plenty of appeal: Beaches are everywhere. The weather is warm. But every place has its trade-offs, and in Florida, insurance problems are as common as summer thunderstorms. In fact, the state's exposure to extreme weather is partly to blame for the challenges of getting essential coverage for drivers and homeowners. “This high frequency of powerful storms makes insuring homes in Florida particularly risky for insurers, as the potential for substantial payouts is far greater than in most other states,” said Suzette Torres, vice president of personal lines at XPT Specialty. If your insurance carrier has dropped you and you don't know what to do, it might not be
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