- Michael Dattolico
Flood Insurance to Raise Rates for Some Clients
As with most times Florida get bruised and battered by a storm, Insurance companies look at new ways to reduce their obligations the next time a major storm or hurricane causes damage.
Citizens Insurance, for example, will be making a big change that will be rolled out over the next several years. Homeowners with state-run insurance must also have NFIP flood insurance to be covered for damage caused by hurricane force winds.
Read more: https://www.floridarealtors.org/news-media/news-articles/2023/03/flood-ins-raise-rates-some-citizens-clients
Looking for another option? Raising your home is a great way to not need flood insurance. Contact us today to learn more.