Florida homeowners, already facing an anxious few months because of the COVID-19 pandemic, face a new threat — the prospect of major cost increases for property insurance.
As the Sun Sentinel reported Sunday, the increases could range from 30% to 40%. They would come just as Gov. Ron DeSantis has ended the moratorium on mortgage foreclosures. It also seems likely that Senate Republicans won’t pass a second COVID-19 stimulus bill that could help laid-off homeowners pay their insurance premiums.
How will the Florida Legislature respond? If history is a guide, the priority will be to please the insurance industry, not policyholders.
That’s because we have been here before — after Hurricane Andrew in 1992 and after the active hurricane seasons of 2004 and 2005, which culminated in Hurricane Wilma. Now we are here after Hurricane Irma in 2017 and Hurricane Michael in 2018, even though neither storm made a direct