2007 Emergency Session Came up Short!
Windstorm rate cuts come up short – Miami Herald April 20, 2007
Beatrice Garcia is one of the first in the news media to recognize and report on the fact that the promised Florida homeowner insurance rate cuts are coming up short – especially when the massive increases from last year are taken into consideration.
Chris Kowalczyk from the consumer group – Having Affordable Coverage, is right on target when he says that the 14% rate decrease being projected by Citizens Property Insurance Corporation isn’t meaningful rate relief.
The entire process of setting insurance rates and maintaining a meaningful history of rate increases needs a lot more work. The Florida homeowner should be provided with a schedule of rate increase by year by insurance company so that there is clear visibility as to how meaningful these rate cuts really are – but then again, we already know that these cuts are a “drop in the bucket” compared to last year’s increases.
Get involved with the Florida homeowners insurance crisis and let your legislators know how you feel.
If you’re fed up with high homeowner insurance rates in Florida and are mad enough to shop your policy get The Home Insurance Buyers Guide and put your Florida home insurance policy out to bid!