Property insurance miami ** OS **

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Property insurance miami

Property insurance miami

Property insurance fees in South fla soared subsequent to the massive hurricane strikes in early 2000's, and the industry remains to churn.

Major insurers have stopped writing new business or pulled out of Florida for all together. Legislation in 2007 forced insurers to reduce rates, but many companies are now lobbying to increase premiums again.

South fla is the most hurricane-prone area in the nation. 8 of the 10 most expensive stormes ever to make landfall in United states. history hit the Sunshine State.

Home owners and business owners have found insurance very pricey, and for some very hard to obtain. Citizens Property Insurance Corp., the state run insurer of final resort, has become the largest property insurer in Florida, exposing the state to hundreds of billions of dollars in losses from a major hurricane.

 

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