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Florida Insurance Rates on the Rise

Posted: October 09, 2009

For many Floridians, it looks like homeowner's insurance rates are on the rise. In a recent article released at the beginning of October, almost half a dozen insurance companies have either begun the filing process or applied for the ability to charge their clients higher rates.

One such company, Federated National Insurance, has already been granted that priviledge, and plans on raising their rates by an estimated 19%. Another insurance provider, Northern Capital Group, is raising their rates by 10%, after an approval from state regulators. With this rate of increase, it has many other policyholders wondering if their account is next.

As always, please feel free to call me at 239-357-9558 with any of your Real Estate needs or questions.    Rgds, Jay

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