PSIR's CEO Offers the Latest Market Insight for the Gulf Coast
The homeowners' insurance market in Florida has changed significantly in recent years, and there are updates that you need to know. While these changes preceded Hurricane Ian, the major effects of the storm have exacerbated an already tight marketplace. In the last two years, more than 400,000 Floridians have had their homeowners insurance cancelled or non-renewed. For carriers that are continuing to offer policies, that coverage is coming at a higher price with stricter terms of eligibility.
It's essential for buyers to understand these changes when considering a purchase. And, it's essential for owners to know how they can safeguard against potential cancellation. This recent report details information and tips for homeowners.
For even more information, I'm here to follow up on your questions and connect you with trusted peers in the insurance industry.
