Rates for homeowners insurance in Florida is on the rise. Higher homeowner and wind and hail insurance rates for coastal Florida counties are proving to be a unifying cause for action by many area residents, businesses and governments.  Has your coastal rate increased recently?

With State Farm’s recent decision to quit providing homeowners insurance in Florida brings the idea to residents that the state’s insurance market can’t cut it anymore.   Private insurance companies that have delivered affordable homeowners insurance over the years are losing to much ground.  The company’s exit won’t merely leave 1.2 million Florida homeowners scrambling for a credible carrier, but it also will add to the financial risk that Florida residents would face if costly storm damage were to occur.  What should we do with this situation?  There are still many financially strong carriers in the state.  Shop your rate will a few carriers and check the financial rating.