Florida residents flee state as insurance premiums skyrocket up to 900%
www.newsweek.com
Insurance premiums in the Sunshine State have climbed so high that people are considering going without insurance coverage, or moving out of the state.

The skyrocketing cost of insurance premiums in Florida is leading residents to drop their insurance, consider selling their home, and even move out of the state, according to recent reports.

For years now, the sunny, vibrant state has been a magnetic destination for many Americans—a phenomenon which has been driving up demand for housing, especially during the pandemic, as well as home prices.

But while Florida was the number one state in the country that people moved to in 2022, it was also the one with the highest number of residents wanting to relocate, according to a SelfStorage.

  • rchive@lemm.ee
    14·
    1 year ago

    We don’t just allow construction in risky places, we subsidize it. If you’re an owner or developer and you wanna put your own money at risk by building in risky places, you should be allowed to do that. Just don’t expect me to pay for it through taxes and FEMA flood insurance.