FLORIDA — Seventy percent of Florida homeowners say they have been affected by rising home insurance costs or changes in coverage, according to a survey commissioned by Redfin. The survey, conducted in February 2024, involved 2,995 U.S. homeowners and renters.
One-third of the homeowners who responded to the survey have moved or plan to move to a new area where coverage is available/affordable. But nearly the same share, approximately 30%, are staying in their home with little or no coverage.
One in eight Florida respondents said their insurance company stopped offering coverage.
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Most people across the U.S. who responded to the survey (71.7%) said their policy premiums increased, and in Florida, 76% of people said they saw increases.
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