STR insurance in Florida

[John Underwood]

I heard on Fox News this morning that the insurance industry has identified 80 high risk zip codes. 78 of them are in Florida.

Back to back Florida hurricanes aren't helping the insurance rates.

I also heard on the news several days ago they believe 15% or 18% of Florida residents are planning to move to other states. Not sure how they got that number, but it wouldn't surprise me if it were true.

[Account Closed]

If you go back and look over the past two years the Media has tried to paint Florida as a place people are running from.  This is actually biased media with an objective (including Tampa Bay Times). They are anti DeSantis.  These articles literally pop up weekly and those of us who live here laugh as most zip codes have population growth every year.  I own multiple beachfront/Gulf Front properties and and some rates actually went down this year. As for insurers not renewing insurance in certain zip codes it happens all the time.  The actuaries realize they have too many policies in one area and the insurance companies want to reduce risk and spread risk.  I actually keep my broker checking with one company to see when they are taking more policies in my zip code because they have great rates and coverage. Don't believe the news as more insurers are moving into Florida now and people are moving to Florida. There was a Tampa Bay Times opinion piece a couple months ago about a person leaving Florida and when I read it they were leaving because of politics. That person was not wanting to be around people who had different political views. The irony...the party of tolerance being intolerant.