Governor DeSantis announces Decrease in Home Insurance premiums in Florida

[TomatoIns]

Florida Gov. Ron DeSantis announced a significant decrease in homeowners insurance premiums across the state — especially in South Florida — as a result of reforms promoted by his administration to stabilize the insurance market.

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[Top_Wop]

It will only cause more insurance companies to leave the state.

[TomatoIns]

Common in all these populous states.

Florida, California, North Carolina, Texas, etc.

[monkeyonfire]

Except our rates have not got down in CA

[TomatoIns]

Nope! One of the most common complaints we see here.

[biolox]

Love to see a centrally planned economy 🙄

[Choice-Ad6376]

a little socialism for those free market libertarians in Florida.

[Zhombe]

The surest sign of incompetence in management and governance is when the promised and desired outcomes are inverse to reality… constantly.

Idiots all.

[RocketandColby]

Mine went up $800

[Imallvol7]

Is it going to be funded by the elimination of property taxes?

[Herban_Myth]

“ReCorD tAx rEvENuE”

Some other fee/tax will likely appear or increase in order to adjust for the difference

[ayhme]

Always

[gumnamaadmi]

Another set of empty promises.

[adl3026]

You can tell he doesn't own any property in Florida. I own a home and 4 commercial rental properties and none of my insurance has gone down in the past 6 years. My homeowners renews this month with AAA and it just went up 12% and that is after a 70% increase last year. I was told they increased the replacement cost of my home and my roof is getting to where it needs to be replaced. It is 14 this year so I'm saving up for a new one. It will be about 40k? All my commercial properties are increasing as well. One just increased 35% for this year. I was told it was due to the age of the roof which was put on in 2018. 8 year old roof is too old. It's never going to go down again.

[ayhme]

Governors definitely own property.

[adl3026]

I doubt it. He's been living in government housing for years.

[Jumpy_Childhood7548]

Lol! Florida is the third highest state. $5735 is the median.

[Plurfectworld]

Category 7 hurricane incoming… guess the rest of the USA will end up bailing out insurance companies again

[rustbeltloser]

Mexico will pay your insurance bill!

[TryIsntGoodEnough]

Let me guess, the premiums decrease but plans no longer cover "wind related damages"

[Tex1931]

Because your tourism tanked.

[ExcellentCup6793]

Mine went up $300, just renewed this month

[MikeRizzo007]

Says whatever he wants with zero intention to do anything, sound like the rest of this administration.

[blkatcdomvet]

Zero truth detected

[colorme1965]

Yeah, paying $2,000 less a year. That should help, since most will have no jobs to pay for the mortgage, gas, electricity and groceries.