Property insurance expert says 8 new companies will increase competition, opportunities

Westside High could close after cost to replace school more than doubled with inflation; Students may move to Ed WhiteThe Massachusetts-based insurance company Insurify predicts a 23% increase in 2024 for Florida homeowners’ premiums amid a property insurance crisis.“My property insurance payment went from $900 a month to $1,495,” an Insider said.

Brightway Insurance agent Matt Carlucci, who has more than a dozen years of experience in the property insurance industry said it’s not all bad news for Floridians with the eight new property insurance companies entering the Florida market. Have a private company install hurricane clips in your attic that hold the trusses down to the walls. This often results in premium discounts.In regards to 2024′s hurricane season, Carlucci said Mother Nature is hard to predict, but he thinks Florida is more prepared to handle a major storm, this year compared to 2023.

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