As Ron DeSantis holds a press conference in Fort Myers today, it’s worth remembering his failure to properly address property insurance costs is hurting Floridians trying to insure their homes and recover from Hurricane Ian.
A recent Washington Post article found insurance companies are now refusing to cover the cost of Hurricane Ian-related damages and are drastically reducing insurance payouts after DeSantis and Florida Republicans used two legislative sessions to protect insurance companies and help their bottom line. This is the real “Florida Blueprint” DeSantis doesn’t want the country to see.
DeSantis’s Failure to Reform Property Insurance in Florida Has Resulted in:
Floridians paying the highest rates in the nation for property insurance, more than three-times the national average. In 2022, Floridians paid an average of $4,231 for home insurance and potential increases of 20 to 25% are possible this year.
Making it easier for property insurance companies to shift more costs to homeowners, and delivering a $2 billion dollar taxpayer-funded bailout to property insurance companies.
Property insurance companies aggressively reducing payouts, some by anywhere from 45 to 97 percent, and refusing to cover property damages, leaving Florida families with homes still unrepaired from Hurricane Ian.