Sunday, May 03, 2009

Higher Property Insurance Rates for Florida coming just in time for Hurricane Season

In an effort to shore up the state's Hurricane disaster fund, homeowners throughout the state may be facing higher property-insurance bills. The measure, which easily passed both State chambers, would increase rates for customers of the state-backed Citizens Property Insurance Corp. by 10 percent a year. Also, customers of private insurance companies likely will see rate hikes, though the amounts could vary.

The bill is sitting on Governor Charlie Crist's desk as the week begins.

Hurricane Season starts in less than 30 days.

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