Few see immediate relief from the property insurance crisis

At the end of May, the Florida Legislature was called to a special meeting by the Governor to solve the problem of property insurance in Florida, which is causing problems for homeowners.

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Every month, homeowners across the state are being dropped by insurance companies pulling out of the state, or seeing their premiums skyrocket, or can’t afford their roof, which was installed more than 15 years ago.

Homeowners are forced to self-insure, which means they don’t have private insurance and must work hard to put money aside to pay for hurricane damage, replace old roofs properly, or get insurance through Citizens Property Insurance Corporation. This private plan for the public is known as end-of-life insurance.