Florida home insurance premiums saw a 3.1% rise in Q3 2024, potentially signaling higher costs for homeowners.

Florida home insurance premiums rose by 3.1% in the third quarter of 2024, after two quarters of 1.3% increases each. This uptick could signal a return to higher insurance costs for homeowners. Factors like inflation, reinsurance prices, and rebuilding demands in the Gulf Coast may be contributing to the rise. The increase also reflects higher costs tied to potential claims from natural disasters and other incidents.

2 months ago
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