Tuesday, July 26, 2011

Sinkhole Insurance rates to skyrocket!

If you are among the unfortunate homeowners who have Citizens insurance you can expect a massive increase in your homeowners insurance premium to cover sinkholes.  This year our state lawmakers passed SB 408 which was promptly signed by governor Dick Scott.   That law now permits Citizens to increase sinkhole premiums without any cap. Premiums in the Tampa Bay area now may increase by as much as 2000%!   Full story

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