Florida Insurance Crisis
Posted by Andy Mandel on
If you've received your renewal notice from your insurance company lately, you're probably just as shocked as I was when I got mine. This is the biggest problem affecting the real estate market right now, and it affects everyone, including renters with insurance rates expected to go up on average, 40% in 2023. Hi, I'm Andy with the Mandel team REM Max, and if this is your first time for the channel, make sure you like and subscribe so you can stay up to date on the local South Florida housing market. When I bought my house in 2019, my original insurance bill was only $3,200 per year, and my house has all impact windows and a roof from 2003, so it's not new by any means, but at 20 years old, it should have at least five years of life left, if not…
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