The first day of homeowner insurance relief in Florida did not bring much relief!
More Rate Cuts Ahead – Herald Tribune May 30, 2007
John Hielsher reminds us that June 1st is not just the start of hurricane season, but also the day that Florida Home Insurance rate reductions are supposed to begin providing relief.
So far the actual savings have been a huge disappointment. For many Florida homeowners, the 2007 Emergency Legislation is simply delivering a miniscule increase on the heels of massive increases granted to insurance companies during 2006.
If June 1st is not bringing much relief to Florida homeowner insurance consumers, we’re not holding our breath for the “true-up” adjustments that need to be passed on to homeowners by September 30th.
If you are fed up with the high cost of homeowner insurance in Florida get involved with the crisis and let your legislators know how you feel.
After you’ve done that, use the Home Insurance Buyers Guide to shop your policy. The best way to let your insurance company know how you feel about high rates is to shop your policy every year.
Check out the Home Insurance Buyers Guide
You will be glad you did!