Coconut Creek insurance agent Dustyn Shroff said the insurance market in Florida has “collapsed.”.
“Citizens Insurance, the company of last resort, was not designed to take on this many policies,” Shroff said.
“As a local insurance agent, we find out about these cancellations at the same time the homeowner does.”.
The first-time homeowners were able to secure insurance and made their mortgage payments on time.
“There are going to be people who lose their mortgages and are forced out of their homes because of this.”
“My wife and I are trying to decide are we going stay in Florida.”
-Dr. Allen Lavina, Homeowner#PropertyInsurance #Florida #Homeowners pic.twitter.com/eO9TsIKyKV — Christina Boomer Vazquez, M.S. (@CBoomerVazquez) August 26, 2022. »