Florida Homeowners Are Still Waiting for Insurance Relief — And Some Are Ready to Leave
For more than a year, Floridians have been promised that homeowners’ insurance relief is coming — but for thousands of residents, the opposite seems true. Premiums continue creeping upward, pushing long‑time homeowners to question whether they can afford to stay in the state they love.
WPTV News Channel 5 has been closely tracking Florida’s shifting insurance market. And while state leaders insist improvements are underway, many homeowners say their lived reality tells a very different story. Explore the full report at WPTV News Channel 5.
A Homeowner’s Breaking Point
In Coral Springs, longtime homeowner Lisa Riggi has reached the point of frustration. After seeing a WPTV story claiming insurance conditions were improving statewide, she reached out to share her experience — and it wasn’t good news.
“The year prior, it went up 30%, and then this year I don’t know the percentage, but it went up another $170.”
Riggi has owned her home for 26 years. Yet despite claims of statewide stabilization, her premiums have continued to rise year after year.
If Rates Are Going Down, Why Are Premiums Going Up?
Executives at major insurance groups — including Windward Risk Managers, which oversees Florida Peninsula, Edison, and Ovation — say they’ve actually filed rate decreases or held steady for several years.
But decreasing rates don’t automatically mean decreasing premiums.
As the market shifts, property values rise, and inflation affects materials and labor, the amount needed to insure a home increases. That means even with a lower “rate,” the total premium may still climb.
Tap to Explore: Why Premiums Rise Even When Rates Fall
• Higher property valuations
• Inflation in construction materials
• Updated replacement‑cost calculations
• Expanded coverage requirements
This is often confusing for homeowners — and it’s why many Floridians feel they aren’t seeing the relief they were promised.
State Leaders Say the Market Is Strengthening
Florida’s insurance commissioner, Michael Yaworsky, insists the state is experiencing its strongest insurance market in more than a decade. Lawsuits have dropped dramatically, 17 new companies have entered the market, and elected officials cite renewed confidence among insurers.
“We are the strongest from a solvency‑capitalization perspective that we’ve been in well over a decade,” Yaworsky told WPTV.
But that’s cold comfort to homeowners like Riggi, who feel the financial pressure more intensely each renewal cycle.
“We’re Looking at Moving”
For some families, rising premiums have pushed them toward life‑changing decisions.
“We’re not sure if we’ll stay in state or out of state, but we’re looking at moving; it’s not affordable for us to stay here anymore.”
State leaders hope a quiet 2025 hurricane season will bring additional relief in 2026 — but homeowners are asking whether they can afford to wait that long.
Why This Matters for Real Estate and Insurance Professionals
Insurance premiums don’t just affect homeowners — they directly impact real estate professionals, mortgage lenders, appraisers, and insurance agents. Understanding these shifts is essential as clients increasingly request guidance on affordability, relocation, and long‑term planning.
At Cameron Academy, we keep aspiring and seasoned professionals informed about evolving market forces while helping them earn or upgrade licenses in real estate, mortgage, insurance, and more. When markets change, knowledge becomes your most valuable asset.
For more insights like this — and to explore licensing programs across Florida and all 50 states — visit Cameron Academy.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
In an era of global pandemic and economic downturn, the real estate market has emerged as an unexpected hero. House prices have been on an unstoppable rise, but is this a golden opportunity for investment or a crisis waiting to happen? Despite challenging economic conditions, potential buyers are still willing to invest in real estate, thanks to a limited supply of housing and low interest rates. Investing in real estate can offer numerous benefits, such as potential long-term appreciation, rental income, and tax advantages. However, it also comes with risks, including market volatility, property maintenance costs, and the possibility of economic downturns. It is crucial for potential real estate investors to carefully evaluate the benefits and risks before making investment decisions. At Cameron Academy, we provide comprehensive real estate education and resources to help individuals navigate the ever-changing market.
The Australian housing market is making waves with its relentless surge in house prices, defying global economic downturns and raising eyebrows. Amidst the pandemic and economic challenges, property prices in Australia are on an uphill climb. But is this a golden opportunity for investors or a ticking time bomb? Dive into this comprehensive analysis as we unravel the factors driving the unstoppable rise of house prices in Australia, and what it means for potential investors and the economy at large.
Welcome to the wild side of real estate! We're about to embark on a journey through the extraordinary, inspired by the upcoming HGTV series, "Zillow Gone Wild." This series, inspired by the popular Instagram account, promises to showcase the most unconventional and awe-inspiring properties on the market. In this article, we'll delve into the unique features of these homes, the format of the series, and the inventive ways these one-of-a-kind properties are marketed. So buckle up as we unveil the eccentric and extraordinary in the world of real estate.
Target marketing is a powerful tool for realtors to identify and attract their dream customers. By focusing on a specific target audience, tailoring marketing efforts, and leveraging geographic online farming, realtors can stand out in the competitive real estate industry. This comprehensive guide explores the benefits of target marketing, the steps to identify your target customer, and the implementation strategies to attract your next customer. It also highlights the role of target marketing in agent branding and establishing yourself as an industry expert. Now it's time to take action and implement these strategies in your real estate business. By understanding your target audience, delivering personalized marketing messages, and continuously refining your approach, you'll be on your way to attracting your dream customers and achieving long-term success.
Unmarried and buying a house? Understand the legal implications and protect your interests. Unmarried couples face unique challenges in homeownership. It's vital to have open discussions about finances before making such a significant commitment. A cohabitation agreement can be a lifesaver, ensuring a smooth process in case of a breakup or financial hardship. Understand these key points to navigate the complexities of homeownership and protect yourself in the long run.
When it comes to buying or selling a property, understanding the difference between a "real estate agent" and a "Realtor" is crucial. While both are licensed to represent buyers or sellers in real estate transactions, a Realtor is a member of the National Association of Realtors (NAR) and adheres to a strict code of ethics emphasizing honesty, integrity, and fair treatment. This commitment to the highest professional standards sets Realtors apart. Choose wisely, as the professional you select plays a significant role in your real estate journey.
