![\"\"](\"https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2022\/03\/Colleen_Burton.jpg?resize=150%2C200&ssl=1\")
Representative Colleen Burton said, \u201cAs Homeowner Insurance continues to rise, it is making it increasingly harder for individuals to own their own home. This is not being overlooked and is an issue that we tackled during the 2021 Legislative Session. As Florida House Speaker Chris Sprowls stated at the end of the Session, studies show that policy changes like these can take 18 months to implement and see the positive effects. The Governor\u2019s Call for Special Session was narrow and states that we will only be discussing the Congressional Maps at this time.\u201d<\/p>\n\n\n\n
Elizabeth Roach is a bit concerned. For a decade, she paid $800 a year for home insurance. In 2020, her premiums started going up. First, her premium went to $1,000 and then $1,500.<\/p>\n\n\n\n
“This year we received our statement and it has gone up to $1,900, which is almost three times as it was two years ago,” she said.<\/p>\n\n\n
![\"\"](\"https:\/\/i0.wp.com\/lakelandgazette.info\/news\/wp-content\/uploads\/2022\/03\/citizens-prop-1.webp?resize=800%2C457&ssl=1\")
<\/figure>\n<\/div>\n\n\nThe $1,900 rate came from the state-run Citizens Property Insurance Corporation. Other quotes she got were as high as $6,000 a year.<\/p>\n\n\n\n
“It does make us wonder, is there going to be another increase next year? We don’t know what to anticipate,” she said.<\/p>\n\n\n\n
Experts in the Florida market said insurance companies are failing. With less competition, more owners are turning to Citizens. State Sen. Jeff Brandes, R-St. Petersburg said the insurance situation is out of control.<\/p>\n\n\n\n
“We’re beyond crisis. The crisis was three years ago,” he said.<\/p>\n\n\n\n
Homeowners’ insurance rates in Florida are nearly double the national average. On Thursday, Citizens Property Insurance will be part of a hearing looking at a proposed 11% increase for policyholders. If approved, that would go into effect in August.<\/p>\n\n\n\n
“It’s like a snowball starting on top of the mountain and coming down a full-fledged avalanche,” Lee Burke, with\u00a0Burke, Bogart, and Brownell Insurance, said.<\/p>\n\n\n\n
Burke said Citizens insurance is feeling the financial impact.<\/p>\n\n\n\n
“Citizens is no longer an option for a lot of people,” he said. “Citizens have lost tremendous amounts of money. Citizens have tightened their underwriting standards. There are many, many homes they won’t insure.”<\/p>\n\n\n\n
Burke said owners of older homes are having trouble finding insurance and new homes can find it, but the premiums are expensive.<\/p>\n","protected":false},"excerpt":{"rendered":"
For those already owning a home in Florida, more and more are facing sticker shock on insurance premiums. Representative Colleen Burton said, \u201cAs Homeowner Insurance continues to rise, it is… <\/p>\n","protected":false},"author":1,"featured_media":21325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"dois","default_image_id":71799,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[12,14],"tags":[2628],"class_list":["post-21323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local","category-news","tag-citizens-property-insurance-seeks-an-11-increase"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/21323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=21323"}],"version-history":[{"count":0,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/21323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/21325"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=21323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=21323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=21323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}